Needs vs. Wants Summative

Which of these is a want?

• food

• water

• shelter

• smartphone

Which of these is a need?

• clean air

• new jeans

• cool sneakers

• your favorite candy

Which of these is not an example of a service?

• babysitting

• mowing the lawn

• a vase of flowers

• fixing your computer

Using money to buy goods and services is called

• spending.

• investing

• wanting

• saving

Which of these is an example of saving money?

• putting $10 in a bank

• buying a sandwich for $6

• walking around a toy store

• selling your old jeans for $5

What is the difference between a want and a need?

• A want is more important than a need.

• A need is more important than a want.

• You can never buy things you want, only things you need.

• You can never buy things you need, only things you want.

What is the definition of a want?

• Something you would like too have but will be okay without it.

• Something you truly can't live without.

• None of the above

What is the definition of a need?

• Something you would like to have but will be okay without it

• Something you truly can't live without

• None of the above

Which is Starbucks?

• Need

• Want

• Both

Food is a...

• Need

• Want