Key Components of Economics Lesson

What is a want?

• Something that is necessary for survival.

• Something that you would like to have.

• Something that you dislike.

• Something that you need to perform a job.

Which of the following is an example of a want?

• Food

• Shelter

• A soccer ball

• Water

What is a need?

• Something that is nice to have.

• Something that you must have to survive.

• Something that you desire to have.

• Something that you use occasionally.

Which of the following is an example of a need?

• A toy

• A video game

• Water

• A smartphone

What do clothes do for us?

• Clothes make us look stylish.

• Clothes keep us warm.

• Clothes help us swim better.

• Clothes make us run faster.

Why do we need water?

• Water helps us fly.

• Water keeps us hydrated.

• Water makes us invisible.

• Water allows us to breathe underwater.

What does food provide to our body?

• Food gives us the ability to teleport.

• Food helps us to sleep.

• Food gives our body energy.

• Food changes our hair color.

What is a good?

• A service provided by someone.

• A type of money.

• Something that has been made or grown.

• A place where people meet.

Which of the following is an example of a good?

• A haircut.

• A Xbox.

• A music concert.

• An Uber ride.

What does a teacher need to do their job?

• A stethoscope and medical knowledge

• A chef's knife and a recipe book

• A whiteboard and marker

• A skateboard and a park