Needs and Wants

Needs, Wants, and Scarcity

100

Name a need.

Answers will vary.

200

Name a want.

Answers will vary.

300

Name a need.

Answers will vary.

400

Name a want.

Answers will vary.

500

Give an example of scarcity.

Answers will vary, focus on not having enough or something.

Services

100

Name a service.

Answers will vary.

200

Which of the following is NOT a service : bakery, dentist, or grocery store?

Dentist

300

Name a job that provides a service.

Answers will vary.

400

Which of the following is a service? taxi, flower shop or a farm.

Taxi

500

Name 3 services.

Answers will vary.

Definitions

100

Something you have to have to live is called a

need

200

If you pay money for something, you are called a

buyer

300

If you work at a store, you are called a

Seller

400

If you create a good, you are a

Producer

500

If you and your friend both have something you don't want and you switch them, it is called

Trading

Buyers, Sellers, and Producers

100

Give an example of a buyer.

Answers will vary

200

Give an example of a seller.

Answers will vary.

300

Give an example of a producer.

Answers will vary.

400

Which of the following can NOT be made by a producer : cookies, sand, or orange juice?

Sand

500

Which of the following is a seller: a teacher, a bus driver or a cashier?

Cashier

Goods

100

Name a good.

Answers will vary.

200

Give the definition of a good.

Something we buy or use.

300

Tell me a place where you can get a good.

Answers will vary

400

Which of the following is NOT a good: a haircut, a baseball or a camera?

a haircut

500

Which of the following is a place where you can go to buy goods: a barber, a store or a town hall?

a store