social studes

How do needs differ from wants?

• Needs are actual products, and wants our services

• Needs are things you would like to have but can do without, wants are

  things you must have to survive

• Needs are things that other people do for you, wants are actual products

• Needs are things you must have to survive, wants are things you would like

  to have but can do without

Which of the following best defines in the context of

economics?

• Things you must have to survive

• Things that other people do for you

• Actual products that you can buy

• Things you would like to have but can do without

What is an example of a service

• Car

• Cutting your hair

• Apples

• Shoes

Which of the following is an example of a good

• Cutting your hair

• Fixing your car

• Shoes

• Repairing your phone

Define goods in the context of economics.

• Things you would like to have but can do without

• Things you must have to survive

• Things that other people do for you

• Actual products that you can buy

Which of the following is an example of a in the context of

economics?

• Clothing

• Groceries

• Electronics

• Haircut

Which of the following is an example of a service

• Shoes

• Car

• Apples

• Fixing your car

In an economy, how do goods and services contribute to fulfilling

needs and wants?

• Goods fulfill wants, services fulfill needs

• Goods and services fulfill both needs and wants

• Goods fulfill needs, services fulfill wants

• Goods and services are not necessary in fulfilling needs and wants

Differentiate between "needs" and "wants.

• Needs are things you would like to have, wants are things you must

  have to survive

• Needs are things that other people do for you, wants are actual

  products

• Needs are things you must have to survive, wants are things you

  would like to have

What is an example of a want"?

• Food

• Skateboard

• Clothing

• Shelter