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Understanding Needs and Wants

Authored by Fallon Parker

Financial Education

7th Grade

Understanding Needs and Wants
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a basic need for human survival?

Smartphone

Water

Video games

Television

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a want rather than a need?

Shelter

Designer clothes

Food

Oxygen

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is food classified as a basic need?

It is a luxury item.

It is necessary for health and survival.

It is a form of entertainment.

It is a status symbol.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following items is a want that people often desire?

Internet access

Clean air

Medical care

Education

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the difference between needs and wants?

Needs are optional, wants are essential.

Needs are essential for survival, wants are additional desires.

Needs are always expensive, wants are always cheap.

Needs are desires, wants are necessities.

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