Needs and Wants
Goods and Services
Buy, trade, and save
Review 1
Review 2
100
What is need?
Needs are things we must have to live.
100
What does sell mean?
It means to give things for money.
100
What is cost?
Cost is how much money is needed to buy something.
100
What does neighbor mean?
Neighbors are people who live near each other.
100
What is a city?
A city has many people and buildings that are very close together.
200
What does scarcity mean?
It means when families do not always have enough money to buy all they want.
200
What are goods? Name two examples.
Goods are things we buy or use. Examples: Food, books, homes, cars, shoes
200
What does save mean? Where is one place you can save money?
To save means to put away and keep. A bank is one example to save money.
200
What are the two countries that are neighbors with United States?
Canada and Mexico
200
How are cities different from towns?
A town is a smaller community than a city. Houses and buildings are not as close. There are fewer people, shops, and streets.
300
What are the three things people need to live?
Food, clothing, and shelter
300
What are services? Name two examples
Services are jobs people do to HELP others. Examples: teachers, dentists, taxi drivers
300
True or false? People make buying choices by looking at the cost of the things they want to buy.
True.
300
True or false? The people in Canada, the United States, and Mexico are alike and different in many ways.
True.
300
In what ways does weather change how people live each season?
People wear warm clothes in cold weather. They can go to the beach in hot weather. People may have to change their clothes because of weather.
400
What does want mean? True or false? Families make choices about how to spend money for what they want.
Wants are things we would like to have. True.
400
What are two ways people can earn money to buy things they need?
People work to earn money to buy things. People also sell things to get money.
400
What does trade mean? What is one way to trade?
To trade means to exchange. Sometimes people trade goods and services to get things they want.
400
How are people in Mexico, Canada, and US alike and different?
Answers may vary.
400
What is a natural resource? Name three examples.
It is something in nature that people can use. Examples: wood, oil, coal, water, rocks
500
Why do families have to make choices about ways to spend money?
Answers may vary. If a family does not make good choices, they will become scarcity.
500
True or false. In your community there are no places where you can get goods and services.
False.
500
Why is important to save money?
Answers may vary.
500
What day is Independence Day in America?
July 4th
500
How is a river different from a lake? Name one lake and river in Korea~
A river is fresh water that moves across the land. A lake is a body of water that has land around it. River- Han River Lake- Suseong Lake
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