Yippee! You have just arrived at the only store in the town of Almight Dollar. At this store you can find anything your little precious heart desires. Before you go in, you need to understand the difference between a want and a need. You also need to know the difference between a good and service.
So, on a separate sheet of paper write down each question number along with the correct answers.
1.) Click HERE to answer the following question:
1a.) What is money used for?
2.) Click HERE to answer the following questions:
2a.)What's the definition of a want?
2b.)What's the definition of a need?
3c.)How do we choose between what we need to buy and what we need to buy?
3.) Click HERE to watch a short video and answer the following:
3a.)Give 3 examples from the video that are needs.
3b.)Give 3 examples from the video that are wants.
4). Click on the picture to answer the following questions:
4a.)What are 3 examples of a good?
4b.)What are 3 examples of a service?
5.) Click HERE to answer the following questions:
5a.)What is a good?
5b.)What is a service?
6). Click HERE to complete the following:
6a.) Goods = __________
6b.) Services = __________
7.) You're now ready to begin shopping! However, before going into the store you have to count how much money you have to spend. Ms. Mitchell has gladly decided to let you borrow $300 dollars from the towns bank. However, you can only spend $100 of it on things you want. The remaining $200 you have to spend on things you need. Keep track of how much you want to spend on each item.
8.) On a blank piece of paper, write the numbers 1-12 going down. You will look at the worksheet below and tell me if each picture shown is a good or a service.