1st grade economics Personal Financial Literacy

Question 1

This is a job that a person does to provide goods or services to others in exchange for money.

Accepted Answer

Career

Question 2

Spending money will always make you happy.

Accepted Answer

False

Question 3

Saving your money lets you buy what you want now.

Accepted Answer

False

Question 4

Things that people can use to satisfy their wants and needs.

Accepted Answer

Goods

Question 5

_____________ is something that a person must have to stay alive.

Accepted Answer

Needs

Question 6

The work that a person does for someone else.

Accepted Answer

Services

Question 7

Needs are _________________.

Accepted Answer

Home, water, healthy food, clothes

Question 8

Examples of wants are ______________.

Accepted Answer

Bubble gum, pet, jewlery

Question 9

___________ is something that a person would like to have.

Accepted Answer

Wants

Question 10

You should think before you spend your money.

Accepted Answer

True

Questions 10