TOPIC 2: Needs & Wants
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Business
7th Grade
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ are things one must have for survival
Needs
Wants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ are things you would like to have, but do not need to survive
Needs
Wants
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ are tangible things that one needs or wants.
E.g. phone
Goods
Services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ are activities provided by people. They are intangible.
E.g. haircut
Goods
Services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ : The next best alternative a person gives up when making a choice
Services
Needs
Opportunity Cost
Budget
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Food, Shelter and Clothing are examples of ___
Services
Needs
Goods
Wants
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sports Car, Big House and Nike Shoes are examples of ___
Services
Needs
Goods
Wants
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