Click on the radio button in front of the correct answers to the questions.
1. Goods or services that are necessary for living such as food, clothing, shelter are
Needs Wants Advertising
2. Goods and services that are not necessary for living such as toys, games, entertainment are
3. Many times people think they need things that they in fact want due to the power of
scarcity advertising distribution
4. A time when there are not enough goods and services to meet people's needs is
5. This is an important part of economics that helps insure people's needs and wants are met