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WorksheetsJA : Leson 2.1
Total questions: 10
Worksheet time: 50mins
The best definition of a need is...
something essential for life that you must have to survive
something not essential for life that you do not have to have to survive
When you owe more money than you have you are in...
debt
budget
If you asked for a new bike, which of the following reasons would you tell your parents that it's a NEED?
You need it so you can go to your friends house whenever you want.
You need it because your friend just got a new bike and you want to be like them.
You need it so you can get fresh air and exercise during the summer.
You need it because the one that you have now isn't as nice looking anymore.
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
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.
What is opportunity cost?
the value of the next best option that is not selected when a choice is made.
there is not enough of it.
things people make to earn money.
actions people do to earn money.
Lydia brought a salad for lunch today. Michelle is ordering pizza and asks Lydia is she would like to order. Lydia decides to eat her salad, what is her opportunity cost?
salad
pizza
Kason goes to the store to get a snack. He wants chips and a drink but he only has $2.00. The chips are $1.00 and the drink is $1.50 so he doesn't have enough to buy both. He buys the drink, what is his opportunity cost?
drink
chips
When you make a choice, you give up
the opportunity to make a different choice
hunting bears
your dream of winning the lottery
your tax refund
Which items should you pay for before buying something you want?
rent
utilities
groceries
all of the above
