Understanding Needs and Wants Quiz

Which of the following is a basic need?

• A new video game

• Water

• A holiday

• A smartphone

What is a want?

• Something you require to survive

• Something that is nice to have but not necessary for survival

• Something you need for education

• Something that is provided by nature

Which of the following is an example of a need?

• Ice cream

• Shelter

• Toys

• Video games

Why is it important to understand the difference between needs and wants?

• To spend all your money wisely

• To make sure you can have all the wants

• To make better decisions about how to use resources

• To learn about nature

Which of the following would be considered a want rather than a need?

• Clean drinking water

• A large mansion

• Basic healthcare

• Healthy foods

How do needs and wants impact decision making?

• They have no impact on decisions

• Only wants impact decisions

• Understanding them helps prioritize spending and saving

• Only needs impact decisions

Choosing between a need and a want can sometimes be hard. What is a good practice when making such a decision?

• Always choose the want

• Ask a friend what they would choose

• Think about what is necessary for health and safety

• Choose the most expensive option