Needs, Wants, and Resources
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Questions and Answers

What are needs?

  • Limitations on how much money we have
  • Resources we use to acquire goods and services
  • Things we would like to have but do not need to live
  • Things we must have to live, like food, clothing, and shelter (correct)

    • Which of the following is not a need?

  • Water
  • Food
  • Television (correct)
  • Clothing

    • What is a resource?

  • Things we would like to have but do not need to live
  • Goods and services we need and want
  • Something that we can use to acquire things we need and want (correct)
  • Limitations on how much money we have

    • Why do most people earn money?

    <p>To buy goods and services they need and want</p> Signup and view all the answers

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