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WorksheetsG09 - BIZ Q1 Reviewer
Total questions: 20
Worksheet time: 10mins
Which is the example of public wants?
Gadgets
House and Lot
Car
Highways
The more money you make, the more ______ or ______ you want.
Food & Money
Demand & Supply
Goods & Services
Needs & Goods
It is a shortage of resources.
Scarcity
Resource
Supply
Demand
These are widely shared by many people.
Wants
Goods
Services
Public wants
It refers to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
Scarcity
Resource
Supply
Demand
Things that add comfort and pleasure to your life.
Needs
Wants
Services
Goods
All of the following are examples of needs except one.
Clothing
Shelter
New phone
Water
Which of the following is an example of service?
Gadgets
Books
Groceries
Haircut
It describes the total amount of a specific good or service that is available to consumers.
Demand
Scarcity
Supply
Resource
Which one of the following is a need?
Roller skates
Food
Bike
Cat
Things that are required in order to live are known as?
Needs
Wants
Goods
Services
It refers to the willingness and ability of buyers to purchase different quantities of goods and services.
Scarcity
Resource
Demand
Supply
These are things you can see and touch.
Goods
Wants
Services
Needs
You buy cookies from Mrs. Jenny in the cafeteria.
You hire someone to braid your hair.
Mrs. Priester asks you to wash the tables.
You ask a friend to wash your living carpet.
You buy cookies from Mrs. Jenny in the cafeteria.
Things that you can't see and touch.
Goods
Services
Needs
Wants
Which is an example of want?
Food
Something I can live without but it's nice to have
Something I need to survive
Cars
Highways, public libraries, shopping centers, and public parks are examples of?
Public wants
Private wants
Investments
Economy
It satisfies your wants and needs for material things.
Services
Wants
Needs
Goods
This is anything that people can use to make or obtain what they need or want.
Demand
Resource
Scarcity
Supply
It is a document that states an initial commitment between two parties and details the basic terms and provisions of their proposed transaction.
Agreement letter
Education letter
Request letter
Letter of intent (LOI)
