Econ 1

Which one is a want?

• Clothes

• Car

• House

• Food

Which ones are goods?

• Teacher

• Shoes

• Doctor

• Calculator

Which ones are needs?

• House

• Car

• Clothes

• Food

Which ones are services?

• House remodeling

• Healthcare

• Education

• Cell Phone

Unlimited wants and limited resources creates what?

• Economic literacy

• Scarcity

• Services

• Goods

The study of how and why people and governments make financial decisions is called what?

• Economic literacy

• Resources

• Economics

• Needs

Human/non-human items used to create goods and services.

• Economics

• Services

• Goods

• Resources

Cesia is painting her friend's room. She is providing a ____________.

• Service

• Good

Uri gave David a cell phone. Did he provide him with a need or a want?

• Need

• Want

Mrs. Creek helps Darwin with his science work. What is she providing?

• Good

• Service