Annotated Answer Guide
Exercise 3: Wants vs. Needs
If your allowance is $10 a week and you have to pay $1 a day for lunch, how much money will you have left after 5 days?
- Answer: $5
If you want to buy a bike that costs $50, how many weeks will you have to save your allowance to get it? Assume your allowance is still $10 a week.
- 4 weeks
- Answer: 5 weeks
- 6 weeks
- 7 weeks
Which one of these is not something you need?
- Answer: Sunglasses
What is the difference between wants and needs?
- A want is something you have to have, and a need is something you would like to have.
- Answer: A need is something you have to have, and a want is something you would like to have.
- There is no difference between wants and needs.