Gr 7 EMS Topic 2 Needs and Wants

1.

Multiple Choice

30 sec

1 pt

Which one of the following is NOT basic need?

water

food

clothing

wi-fi connectivity

2.

Multiple Choice

30 sec

1 pt

A ______ refers to a group of people who live together as a group under the same roof.

condominium

household

complex

compound

3.

Multiple Choice

30 sec

1 pt

A _____ is a large group of people who live or work together in a particular place.

community

team

society

household

4.

Multiple Choice

30 sec

1 pt

Provision of public goods is made possible because of

foreign donations

businesses that sell stuff

factories that make stuff

taxes

5.

Multiple Choice

30 sec

1 pt

Which of the following is an example of a public good?

College Avenue

Parklands College

A takeaway from KFC

DStv

6.

Multiple Choice

30 sec

1 pt

Which one of the following is NOT a physical need?

eating food

watching TV

drinking water

sleeping

7.

Multiple Select

30 sec

1 pt

Identify the TWO primary needs:

self-esteem needs

security needs

social needs

physical needs

8.

Multiple Choice

30 sec

1 pt

Receiving a trophy at an awards ceremony will help to satisfy ______ needs.

social

security

self-esteem

primary

9.

Multiple Choice

30 sec

1 pt

Consider the following addresses: Where would you go looking for a service, not goods?

Burger King at Sandown Retail Crossing

Tafelberg Furnishers, Sandown road

Blaauwberg Netcare Hospital

Starke Ayres, Westcoast Village

10.

Multiple Choice

30 sec

1 pt

Land, labour, machinery, buildings and equipment are _____ required for production of goods and services

sometimes

always

resources

items

11.

Multiple Choice

30 sec

1 pt

True or False?

Resources needed for production are unlimited in supply.

True

False

12.

Multiple Choice

30 sec

1 pt

True or False?

Oil (for motor car fuel) is an example of a renewable resource.

True

False

13.

Multiple Choice

30 sec

1 pt

True or False?

Solar energy is a renewable resource.

True

False

14.

Multiple Choice

30 sec

1 pt

True or False?

The economic problem exists because there are unlimited goods to choose from.

True

False

15.

Multiple Choice

30 sec

1 pt

True or False?

Economics can be simply described as the study of how to make money.

True

False

16.

Multiple Choice

30 sec

1 pt

Joe has only R50 to spend, and this is his order of preferences: (1) Buy a hamburger (2) Buy airtime (3) Buy a book (4) Buy a chocolate. As he can't have them all, this illustrates

scarcity

confusion

limited wants

poverty

17.

Multiple Choice

30 sec

1 pt

Joe has only R50 to spend, and decides to buy a hamburger instead of a chocolate. 'Losing out' on the chocolate is called

opportunity cost

disappointment

poverty

economics

18.

Multiple Choice

30 sec

1 pt

Most people get their money from _____ to buy the things they want and need.

working

gambling

saving

inheriting

19.

Multiple Choice

30 sec

1 pt

Being part of a water polo team will satisfy a person's

physical needs

primary needs

self-esteem needs

social needs

20.

Multiple Choice

30 sec

1 pt

People's motivation to satisfy unlimited needs and wants is the _______

economic problem

driving force of the economy

opportunity cost of life

reason for scarcity

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