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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) goods
B) services
C) producers
D) consumers
  • 2. Activities that satisfy people's needs and wants are called _________.
A) services
B) goods
C) producers
D) consumers
  • 3. A person who uses or buys goods and services is called a ______.
A) services
B) goods
C) consumer
D) producer
  • 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) consumers and goods
B) goods and services
C) producers and services
D) consumers and producers
  • 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) 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) money
B) choice
C) cry
D) fight
  • 9. Paper bills and coins used to pay for goods and services are called
A) credit cards
B) money
C) tokens
D) checks
  • 10. Money not spent now and saved so it can be spent later is called
A) credit
B) tokens
C) tickets
D) savings
  • 11. Why do people save money?
A) to have it to spend in the future
B) to make a fire with it
C) to bury it in the ground
D) to throw it away
  • 12. People can choose to ___________ their money.
A) spend or save
B) steal
C) copy
D) make
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