Economics Quiz

What is the definition of "Needs"?

• A place where people put their money.

• Something people need in order to survive.

• When you buy or pay money for something.

• Coins or dollars that people use to pay for things.

What does "Wants" refer to?

• A place where people put their money.

• Something people want to own that they don’t need.

• When you buy or pay money for something.

• Coins or dollars that people use to pay for things.

What does it mean to "Save"?

• A place where people put their money.

• Something people want to own that they don’t need.

• When you don’t spend money so you can buy something with it later.

• Coins or dollars that people use to pay for things.

What is the definition of "Spend"?

• A place where people put their money.

• Something people want to own that they don’t need.

• When you buy or pay money for something.

• Coins or dollars that people use to pay for things.

What does "Choice" mean in this context?

• A place where people put their money.

• Something people need in order to survive.

• When you pick something you need or want.

• A type of career or work.

What is a "Job"?

• A place where people put their money.

• Something people need in order to survive.

• When you buy or pay money for something.

• A type of career or work.

What is a "Bank"?

• A place where people put their money.

• Something people need in order to survive.

• When you buy or pay money for something.

• Coins or dollars that people use to pay for things.

What is "Money"?

• A place where people put their money.

• Something people need in order to survive.

• When you buy or pay money for something.

• Coins or dollars that people use to pay for things.