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Wants and Needs Review

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

Tom decided to buy $200 worth of new clothes. Which of the following would be good reasons for the clothes being a need and not a want. (Pick 2)

a)

Tom needed to look more stylish. His other clothes were too ugly.

b)

Tom needed to fit in with his friends. All of his other friends wear the type of new clothes he bought.

c)

Tom needed to buy new clothes for his new job. His job has a certain dress code.

d)

Tom needed to wear name brand clothes. His other clothes were from stores that no one shops at anymore.

e)

Tom needed to buy new clothes because he lost all of his other clothes. Unfortunately, Tom’s house was flooded.

2.

What is debt?

a)

Money someone gives you

b)

Money from the bank

c)

Money you owe

d)

Money you pay

3.

Which of these explains a want, not a need?

a)

Shelter: If you don't have this you could possibly die in cold weather

b)

Chocolate: People like to eat this as a sweet treat, some may think it's delicious.

c)

Protein: This is important for having good health. It provides valuable nutrients.

d)

Clothes: You wear these to stay warm and out of jail.

4.

The definition of a need is: Something that is essential for life and ________ to __________.

a)

necessary, survive

b)

essential, life

c)

necessary, essential

d)

essential, survive

5.

In order to stay out of debt, it is important to put your needs before your wants.

a)

True

b)

False

6.

What might be some good reasons that a computer is a need and not a want? (Pick 2)

a)

To check Facebook

b)

To do work for a job

c)

To do homework

d)

To play games on the internet

e)

To watch Netflix

7.

A want is: Something that makes life more happy and _________ but not _________ to survive.

a)

necessary, comfortable

b)

essential, necessary

c)

happy, comfortable

d)

comfortable, necessary

8.

How happy and comfortable you are with your money is...

a)

financial well-being

b)

financial welfare

c)

financial tools

d)

financial wants

9.

Which one of these items is a want and why?

a)

hand soap: you want clean hands

b)

carrots: you want nutrients in your diet

c)

cake: you want a dessert every now and then

d)

apartment: you want a place to live

10.

Which one of these items is a need and why?

a)

DVD's: to entertain you when you get bored

b)

a pool: to keep you cool and so you can relax

c)

a million dollars: so you can be rich and possibly famous

d)

a doctor: to provide medical help when needed