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Worksheets

Wants VS Needs

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

What are physical objects that are PRODUCED?

a)

goods

b)

services

2.

What do you call actions that are performed for someone?

a)

Goods

b)

Services

3.

People who make goods are called

a)

Consumer

b)

Customer

c)

Producer

4.

Consumers are/do

a)

purchase/use goods and services

b)

research products

c)

community citizens

d)

all of the above

5.

Consumers have power

a)

true

b)

false

6.

Effective consumers

a)

set goals

b)

do research

c)

manage finances and plan for financial security

d)

all of the above

7.

Consumers choices are limited by

a)

scarcity of goods

b)

scarcity of money

c)

both A and B

d)

None of the above

8.

Why do you believe it is important to research a product before you buy it?

4 lines
9.

Do advertisements create consumer demand for a product? ( make you want to buy it)

a)

yes

b)

no

c)

maybe

d)

chicken

10.

What is the best way to save money?

a)

Find the best deals

b)

Pick the least expensive item

c)

Use coupons or promo code

d)

Not buy anything at all