Resource Quiz

What is a resource?

• A legal document outlining ownership.

• A type of financial investment.

• Something that we can use.

• An abstract concept with no physical form.

A _________ resource is something that can be replaced or used again and again because it naturally grows over time.

A ___-_________ resource is something that cannot be replaced quickly or takes millions of years to form again.

Categorise the items/resources.

Groups:

(a) Human

,

(b) Capital

,

(c) Natural

• Cows

• Wooden toy

• Water

• Gardener

• Steel Knife

• Plastic Chair

• Bus driver

• Wheat

• Canned Food

• A brick house

• Forest

• Police Officer

• Plastic water bottle

• Sales assistant

• Wind

• Teacher

• McDonalds Worker

• Solar

True or False:

Needs are items we cannot live without (e.g. air, water and food). Wants are things that we would like to have but can live without.

• True
• False

Categorise the items based on needs and wants within a school context

Groups:

(a) Needs

,

(b) Wants

• Pen/Pencils

• Recess/Lunch

• Uniform or appropriate clothing

• A lunch order from the canteen

• Sparkly pencil case

• iPad or tablet

Categorise the items based on needs and wants within a "stranded on a desert island" context

Groups:

(a) Needs

,

(b) Wants

• Sunglasses

• Food

• Board games

• Drinking water

• Pillow and a blanket

• Shelter

True or False:

Our wants and needs cannot change depending on the circumstance. They are always the same no matter what.

• True
• False

Select the correct word for the following definition:

The amount of a good or service that is available to be sold.

• Supply

• Demand

• Producer

• Distributor

Select the correct word for the following definition:

How many people want or need a good or service

• Supply

• Demand

• Producer

• Distributor