Grade 7 [Week 5 - Economics Review]

Which of the following is NOT the main point of an ECONOMY?

• all of the people making goods or services (producers or companies or firms)

• all of the people who consume the products

• The study of all economic activities

• The trade between buyers and sellers

Which of the following are the key words for NEEDS? (answer can be more than 1)

• survival

• unlimited

• essential

• life improvement

Which of the following is located at the bottom of Maslow's Hierarchy of needs diagram?

• Physiological needs

• Safety and/or security needs

• Esteem needs

• Social needs

Which needs below, according to Maslow, are types of need that required us to be part of a social group, e.g. friendship or family.

• Self-actualisation

• Esteem needs

• Basic needs

• Social needs

Which of the following is the most logical reason why if the safety needs, e.g. having a job, is disturbed it could affect our mental health? Tips: Think about the sequence or order way of thinking.

• Because if its being disturbed we won't be able to live happily.

• because jobs give us money so we can buy basic needs and fulfil some necessary wants, such as holiday so we can have a break from work and study.

• Because jobs give us security about future that can be bought by money.

• Because jobs give us the lifestyle we want to ensure that we can life happily ever after.