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