U1 L8 HOW CAN I BE A SMART CONSUMER?

What is the best reason to buy needs before wants?

• to have a lot of money

• to go to the nearest store

• to get the things you must have

• to buy everything you would like

What is the best reason to save money?

• to fill a piggy bank

• to count all the pennies

• to get many small things

• to be able to buy things later

________ is how people's wants are always greater than resources.

• Choice

• Scarcity

• Cost

• Benefit

You choose to buy a new toy instead of a drink. What is the cost?

• You are thirsty

• You have extra money

• You have a new toy

• You bought a need

What is one way to be a wise consumer?

• A. shop for wants before needs

• B. buy goods that are well made

• C. throw away sales receipts

• D. all of the above

What is the best reason to make a budget?

• A. to plan for using money

• B. to show you can do math

• C. to spend as much as you can

• D. to ask people to buy you things

If you have $15 and you buy a soccer ball and a watch, how much money will you have left?

• $2

• $3

• $4

• $0

Why can't you buy everything on the list if you only have $15?

• Some items are too big.

• Some items are not needed.

• The total cost is more than $15.

• The items are for adults only.

What should you do to show you know how to be a smart consumer according to the assignment?

• Write a story

• Make a poster with words and pictures

• Draw a map

• Sing a song