Social Studies Quiz #2

What is a budget?

• It is a plan we do to spend all your money.

• It is a way to plan how to spend your money and to save it wisely.

• It is a form of doing goods.

What is the difference between needs and wants?

• Needs are the things we want to have, like toys. Wants are the things we need in order to survive.

• Needs and wants are like best friends.

• Needs are the things we need in order to survive, wants are the things we don't need but would like to have.

An example of a service can be apples. Is that true or false?

• TRUE

• FALSE

What are goods?

• Physical objects such as clothes or shoes

• Jobs other do an we pay for them.

What do scarcity means?

• To have a lot of the same good.

• To have not enough supplies.

• I don't remember.

BONUS!

What is the second name of miss Ericka?

• Ana

• Maribel

• Lucia