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WorksheetsBusiness English - Economic Decisions and Systems
Total questions: 18
Worksheet time: 14mins
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)
Tom needed to look more stylish. His other clothes were too ugly.
Tom needed to fit in with his friends. All of his other friends wear the type of new clothes he bought.
Tom needed to buy new clothes for his new job. His job has a certain dress code.
Tom needed to wear name brand clothes. His other clothes were from stores that no one shops at anymore.
Tom needed to buy new clothes because he lost all of his other clothes. Unfortunately, Tom’s house was flooded.
Which of these explains a want, not a need?
Shelter: If you don't have this you could possibly die in cold weather
Chocolate: People like to eat this as a sweet treat, some may think it's delicious.
Protein: This is important for having good health. It provides valuable nutrients.
Clothes: You wear these to stay warm and out of jail.
The definition of a need is: Something that is essential for life and ________ to __________.
necessary, survive
essential, life
necessary, essential
essential, survive
In order to stay out of debt, it is important to put your needs before your wants.
True
False
What might be some good reasons that a computer is a need and not a want? (Pick 2)
To check Facebook
To do work for a job
To do homework
To play games on the internet
To watch Netflix
A want is: Something that makes life more happy and _________ but not _________ to survive.
necessary, comfortable
essential, necessary
happy, comfortable
comfortable, necessary
Which one of these items is a want and why?
hand soap: you want clean hands
carrots: you want nutrients in your diet
cake: you want a dessert every now and then
apartment: you want a place to live
Which one of these items is a need and why?
DVD's: to entertain you when you get bored
a pool: to keep you cool and so you can relax
a million dollars: so you can be rich and possibly famous
a doctor: to provide medical help when needed
Which provides both goods and services?
A babysitter
A post office
A bus driver
A DJ
Items that can be bought, sold, and traded, such as food and computers
goods
services
market
economics
Tasks you pay someone to do for you
goods
services
market
necessity
A tissue is an example of a...
Durable good
Nondurable good
Service
Necessity
Which of the following could be considered both a durable good and consumer good?
Automobile
candy bar
dental floss
a loaf of bread
According to the video, how many women work in Cambodia's garment (clothing) industry ?
600,000
700,000
800,000
900,000
According to the graph, what development is Cambodia considered based on $3,597 Per Capita ?
Very High Human Development
High Human Development
Medium Human Development
Low Human Development
Approximately 33 % of Cambodian children are malnourished. What impact could this have on the economy (select all answers that are correct)?
It's no problem.
Malnourished children underperform in school, limiting their future job opportunities
Malnourished adults are less able to work
Malnourished adults are less able to provide care for their families.
