What am I Choosing?
Keystone Economic Principle™ #1 – We all make choices
Click here for a printable PDF version of this Monthly Teaching Theme Assessment
Monthly Teaching Theme Student Assessment – Primary
Name _________________________________ School________________________________
Date _________________ Grade_____________________
1. Circle the pictures below that show things that are needs. Cross out the pictures that show things that are wants.
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2. Circle the pictures below that show goods. Cross out the pictures that show
services.
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3. Please rate the change that studying about choices has had on your life. Circle the number below:
0 – No change on my life
1 – A little change
2 – Moderate amount of change – I might consider it
3 – Quite a bit of change – I see how it fits and appreciated learning about it
4 – Great change – I understand how important it is to my life and will use the information I learned
What Choices Am I Choosing?
Keystone Principle #1 – We All Make Choices
Monthly Teaching Theme Student Assessment – Elementary
Name _________________________________ School________________________________
Date _________________ Grade_________________
Vocabulary – Content
4. Match each word with its definition.
| ____ 1. Scarcity
_____2. Wants _____3. Needs |
____ 4. Resources
____ 5. Goods ____ 6. services |
| a. Activities performed by people, firms or government agencies to satisfy economic wants.
b. Desires that can be satisfied by consuming or using a good or service. c. The condition that exists because human wants exceed the capacity of available resources to satisfy those wants; also a situation in which a resource has more than one valuable use. d. Tangible objects that satisfy economic wants. e. The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital. f. A good which is not willingly given up for any substitute. |
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5. From the list below circle four items that are needs not wants.
food clothing a mansion
yacht 2010 Corvette water
$1000 leather coat shelter lobster dinner
6. Make a list of five things that you want (not necessarily what you need) and put them in order from what you want most to what you want least.
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5.
7. Where do you see yourself using the information you learned about choices and consequences as well as needs vs. wants in your life?
8. Please rate the impact that studying about choices has had on your life. Circle the number below:
0 – No Impact
1 – A little impact
2 – Moderate amount of impact – I might consider it
3 – Quite a bit of impact – I see how it fits and appreciated learning about it
4 – Great Impact – I understand how important it is to my life and will use the information I learned