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Needs, Wants & Scarcity Quiz

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Needs, Wants & Scarcity Quiz

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Basics of needs, wants, and limited resources

Created by

FLORENCE JOHN ANDERSON .
FLORENCE JOHN ANDERSON .
Malaysia

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Needs, Wants & Scarcity Quiz
 

Needs, Wants & Scarcity QuizOnline version

Basics of needs, wants, and limited resources

by FLORENCE JOHN ANDERSON .
1

What is a need?

2

What is a want?

3

Which of the following is a need?

4

Which of the following is a want?

5

Food is a:

6

Which statement is TRUE about needs?

7

Which statement is TRUE about wants?

8

What is scarcity?

9

Why must we choose between wants and needs?

10

Which should come first when making choices?

Feedback

A need is something essential for survival.

Wants are not essential but can improve quality of life.

Water is essential for life; a video game is a want.

Branded shoes are a luxury or want rather than a basic need.

Food is essential for nutrition and survival.

Needs are fundamental for staying alive.

Wants are endless and can be postponed depending on resources.

Scarcity means resources are finite while desires exceed them.

Choices arise because we cannot satisfy all desires with available resources.

Prioritize needs to ensure survival and well-being.

 
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