Scarcity
Is time considered Scarce?
Yes, because it is limited.
Is clothing a want or a need?
A need.
Why is Emmet considered the "perfect" citizen at the start of the movie?
He follows instructions and buys what everyone else buys
A dishonest scheme or fraud is the definition of what word?
A Scam
A retirement fund is also known as...
A Superannuation Fund
Name two resources that are considered scarce.
Time, Money, Natural Resources
Give 4 examples of a want.
Which business strategy is most visible in Bricksburg?
Encouraging everyone to buy the same products - no competition or creativity
What word would you use to describe money received from work and other investments?
Income
The number the Australian Taxation Office gives everyone when they start their first job.
Name 2 scarce natural resources.
Oil, Iron, Wood, Gas
What are 3 needs?
Food, Shelter, Clothing, Clean Water
How does Lord Business try to influence people's choices?
He tries to control everyone. He brainwashes the population using a single, hyper-catchy song ("Everything is Awesome") and a mind-numbing television show ("Where Are My Pants?") to stop them questionning choices.
romance, investment, ATO, Hey Mum, identify theft
Name 4 financial institutions where you could set up a savings account or borrow money from.
CBA, ANZ, NAB, Westpac, ING, BankWest and more
What does scarcity mean?
When demand is greater than availability. Limited resources. All resources are limited.
Define the difference between a need and a want.
A need is something you need to survive. A want is something that you would like but don't need to survive.
What is meant by innovation, and give an example of this from the movie.
Innovation - thinking creatively, doing things in a new and different way. EXAMPLE
The loss of other options where another is chosen is said to be....
Opportunity Cost
Name 3 different types of available insurance covers.
Health, Life, Pet, Car, Travel, Home and Contents Insurance
What word starting with C, assists people in using resources efficiently?
Choices
Why can't we have everything that we want?
Because there are limited resources.
How does President Business's control over Bricksburg resemble a monopoly in a market
He owns or controls most of the products, services, and rules within the city. Citizens have very little choice about what they buy, and how they work or live
Describe a business.
An organization that offers good and or services.
Is buying a house considered to be a 'good debt' or a 'bad debt'?
Buying a house is often considered Good Debt because often the value of the house increases, making you money.