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Economics

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

A want is something

a)

You can't live without.

b)

You would like to have.

2.

A need is ___________________.

a)

Something you can't live without.

b)

Something you would like to have.

3.

A toy car is a __________.

a)

want

b)

need

4.

Food is a _______________.

a)

Want

b)

Need

5.

A house is a ___________________.

a)

Want

b)

Need

6.

Water is a ____________________.

a)

Want

b)

Need

7.

Barbie dolls are a ____________________.

a)

Want

b)

Need.

8.

What is more important to buy?

a)

Wants

b)

Needs

9.

What is a good?

a)

something you need to have

b)

something someone does for you

c)

something you can buy or sell

10.

What is a service?

a)

someone you work with

b)

things we can hold and use

c)

a job someone does for others

d)

none of the above

11.

Look at the picture. Is this a good or service ?

a)

Good

b)

Service

12.

Look at the picture. Is this a good or a service ?

a)

Good

b)

Service

13.

Look at the picture. Is this a good or a service ?

a)

Good

b)

Service

14.

Look at the picture. Is this a good or a service ?

a)

Good

b)

Service

15.

Look at the picture. Is this a good or a service ?

a)

Good

b)

Service

16.

Look at the picture. Is this a good or a service ?

a)

good

b)

service

17.

Look at the picture. Is this a good or a service ?

a)

good

b)

service

18.

Look at the picture. Is this a good or a service ?

a)

good

b)

service

19.

When you get money you should spend it all right away.

a)

Yes

b)

No

20.

Should you save money for the future?

a)

Yes

b)

No