Needs Wants Goods Services

Needs vs. Wants

100

True or false: We need food to live.

True!

200

Which one is a want?:

A. Water

B. Video Games

C. Shelter

B. Video Games

300

A need is something that keeps us ___.

Healthy and safe

400

Name two examples of a need and two examples of a want.

*Answers will vary. Examples:

Need- water, clothes

Want- toys, games

500

Three needs people have

food, water, clothing, shelter

Goods vs. Services

100

Are goods items or people?

Items!

200

Do you receive a good or a service from a police officer?

A service

300

What is one place that we buy goods?

*Answers will vary. Example: a store

400

How can you receive a good and a service from a bookstore?

Someone who works there can help you find a book (service) and then you can buy a book (good).

Random

100

Which two words rhyme?

Train

Track

Mean

Plane

Train and plane

200

Which holiday is celebrated in Mexico?

A. Las Posadas

B. Kwanzaa

C. Hanukkah

A. Las Posadas

300

Is a haircut a good or a service?

service

400

What does sequencing mean?

Put in order

Supply and Demand

100

What happens when demand goes up and supply stays the same?

Prices go up