Quiz on Needs and Wants (Week 14)

What are needs?

• Something that you want but don’t need to survive.

• Something that you can live without.

• Something that you have to have to survive.

• Something that makes you feel happy.

A ___ is something that you would like to have but can live without.

• want

• need

• medicine

What are services?

• Physical products you can touch.

• Work that a person does for someone else.

• Goods that people buy and sell.

• 
  A type of resource that is not useful

What are goods?

• A job or task that someone does.

• Things you can see, touch, and buy.

• Actions or activities done by people.

• Things that cannot be touched or held.

What is a household?

• A single person.

• 
  A group of people who live together in the same house.

• A place where pets live.

• 
  A place where only children live.

What does a budget help a family do?

• Save all the money and never spend it.

• 
  Track income and expenses.

• Earn money.

• Collect bills.

What is the main difference between needs and wants?

• There is no difference between needs and wants.

• Needs are essential for survival, wants are things you would like but don't need to live.

• Needs are things you can live without, wants are essential.

• Wants are things you need to survive, needs are for fun.

Which of the following would be considered goods?

• clothing

• water

• electricity

A want is something that everyone needs to have in order to survive.

• True

• False

Which of the following is not a good?

• Food

• Furniture

• Teaching