Wants and Needs Quiz
Quiz
•
Other
•
8th Grade
•
Practice Problem
•
Medium
Anonymous Anonymous
Used 1+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the difference between wants and needs?
Wants are short-term desires, while needs are long-term goals.
Wants are tangible items, while needs are intangible.
Wants are things that are necessary for survival, while needs are things that are not essential.
Wants are desires or preferences, while needs are necessities.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is it important to differentiate between wants and needs?
To prioritize and allocate resources effectively.
To understand the difference between luxury and necessity.
To make informed decisions about purchases.
To avoid overspending and debt.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Give an example of a want and a need.
A want example: luxury vacation
A need example: shelter
A want example: designer clothing
A want example: new car, A need example: food
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How can you prioritize your wants and needs?
Ask others for their opinion.
Rank them based on personal preference.
Make a list and evaluate based on importance and urgency
Choose randomly without any evaluation.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is opportunity cost?
The value of the chosen alternative
The value of the next best alternative that is forgone when making a decision.
The cost of a decision
The cost of an opportunity
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Explain how opportunity cost relates to wants and needs.
Opportunity cost is the value of the alternative that is not chosen when making a choice.
Opportunity cost is the value of the least desirable alternative that is chosen when making a choice.
Opportunity cost is the value of the next best alternative that is forgone when making a choice.
Opportunity cost is the value of the most expensive alternative that is chosen when making a choice.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is it important to consider the impact of wants and needs?
To disregard personal preferences
To make impulsive decisions
To prioritize and make informed decisions
To waste time and energy
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
My childhood
Quiz
•
7th - 10th Grade
15 questions
Intro to Simple Machines
Quiz
•
7th - 12th Grade
11 questions
The Elephant Man
Quiz
•
6th - 9th Grade
15 questions
Introduction Textiles Fibre to Fabric Yr 7 TM
Quiz
•
6th - 8th Grade
10 questions
MINECRAFT JAVA (bardzo trudne)
Quiz
•
1st Grade - Professio...
10 questions
Driving Theory Test: Alertness
Quiz
•
KG - Professional Dev...
15 questions
will be doing/will have done
Quiz
•
8th - 12th Grade
15 questions
MDA Mechanical Fitting Tools
Quiz
•
8th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Other
10 questions
Understanding Poetry and Literary Devices
Interactive video
•
4th - 8th Grade
14 questions
finding slope from a graph
Quiz
•
8th Grade
10 questions
Understanding Meiosis
Interactive video
•
6th - 10th Grade
20 questions
Laws of Exponents
Quiz
•
8th Grade
20 questions
Graphing Inequalities on a Number Line
Quiz
•
6th - 9th Grade
12 questions
8th U5L9 Linear Models
Quiz
•
8th Grade
15 questions
Making Inferences
Quiz
•
7th - 12th Grade
15 questions
Main Idea and Supporting Details.
Quiz
•
4th - 11th Grade
