Needs and Wants
Goods and Services
Saving and Spending
Producers and Consumers
Miscellaneous
100

Things such as air to breathe and food to eat is called a what?

need

100

Things that are made, manufactured, or grown . . .  like clothes, computers or fruit are known as what?

goods

100

What are the 4 things you can do with money?

spend, save, earn, donate

100

You are eating an ice cream cone that you bought while walking home from school. 

Are you a consumer or a producer?

consumer

100

True or False: A long time ago there was no such thing as money.

true

200

You have been saving all of your allowance for months to buy a pony. Is a pony a want or a need?

want

200

Work that someone does for someone else . . . like dog walking or a dentist.

services

200

How do people earn money?

from their jobs (making goods or selling services)

200

You are playing in a sprinkler outside with your friends. 

Are you a consumer or producer?

consumer

200

Cash is made up of what?

coins and bills

300

A product that is not required for survival is called a what?

want

300

Someone who makes/grows goods or sells services is known as what?

producer

300

Money paid every year that is not a choice - it is the law.

paying taxes

300

Your grandparents are drinking coffee at the kitchen table while you watch TV. 

Are you all producers or consumers?

consumers

300

What in an entrepreneur?

Someone who starts a business

400

Mayors provide hospitals and fire departments for their citizens - Are those needs or wants?

needs

400

When the demand for a popular toy goes up . . . that means the price is RAISED OR LOWERED?

raised (increased)

400

When you give money to people or groups, it is called what?

a donation

400

A fireman comes to your school when the fire alarm goes off to make sure everyone got out of the school safely. 

Is the fireman a producer or consumer?

producer (provides a service)

400
What kind of cards can people use to spend money?

debit and credit cards

500

Do most commercials advertise wants or needs?

wants (example: toys & movies)

500
At the Oaken Sauna, their supply of summer items was high, so what did the owner do?

put them on sale

500

What is a PLAN for spending and saving money called?

budget

500

Explain how a mail carrier offers BOTH a good and a service.  

Good - we get envelopes and packages

Service - they deliver it to our door/mailbox

500

Explain the danger of invisible money.

You can't see what you are spending, so it can add up to a lot. . . . and you have to pay it back.
M
e
n
u