1. Which of the following is an example of a basic 'need' that people must have to live?
2. A family is deciding whether to buy groceries for the week or a new television. Buying groceries is a 'need'. What is the new television?
3. Which of these items is something you want, but do not need to survive?
4. What is the best definition of a 'need'?
5. If a farmer has only ten apples to sell but twenty people want to buy one, this situation is an example of what?
6. In the 1700s, if a colonial town government created a detailed plan to spend its tax money on a new school and road repairs, what is this financial plan called?
7. An ancient Egyptian pharaoh who planned to build a great pyramid had to carefully manage his kingdom's resources, such as grain for workers and stone for construction. This management of resources is known as...
8. During the Great Depression, a family might have to choose between buying a new coat or using that money to buy food for the week. What is this difficult choice an example of?
9. The Continental Congress had very limited funds during the American Revolution. The formal plan it created to decide how to allocate money for soldiers' pay, weapons, and food is best described as a...
10. In the 1960s, the U.S. government spent billions on the Apollo space program. The plan detailing how this money would be acquired and spent by NASA is an example of a...