ThatQuiz
|
Test Library
|
Take this test now
Needs and Wants, Goods and Services, and Savings Preassessment
  • 1. Things people make or use to satisfy needs and wants are called _________.
A) consumers
B) goods
C) services
D) producers
  • 2. Activities that satisfy people's needs and wants are called _________.
A) producers
B) consumers
C) goods
D) services
  • 3. A person who uses or buys goods and services is called a ______.
A) goods
B) producer
C) services
D) consumer
  • 4. A person who makes goods or provides services is called a _________.
A) producer
B) consumer
C) goods
D) services
  • 5. Most people are
A) producers and services
B) goods and services
C) consumers and goods
D) consumers and producers
  • 6. Goods and services
A) satisfy people's needs and wants
B) hurt people
C) are not needed
D) are not good for people
  • 7. People can have everything they want?
A) no
B) if they are rich
C) if their parents say it is okay
D) yes
  • 8. when you can not have everything you want you have to make a
A) fight
B) money
C) choice
D) cry
  • 9. Paper bills and coins used to pay for goods and services are called
A) credit cards
B) checks
C) tokens
D) money
  • 10. Money not spent now and saved so it can be spent later is called
A) credit
B) tokens
C) savings
D) tickets
  • 11. Why do people save money?
A) to bury it in the ground
B) to throw it away
C) to have it to spend in the future
D) to make a fire with it
  • 12. People can choose to ___________ their money.
A) steal
B) spend or save
C) copy
D) make
Students who took this test also took :
Careers Ch 1 - Vocab.
Econ: taxes test study guide
Tn acad vocab ss 8.1
Created with That Quiz — the site for test creation and grading in math and other subjects.