lesson5 ppt (p2)

© 2012 Citi-NIE Financial Literacy Hub for Teachers, All Rights Reserved

http://www.youtube.com/watch?v=Xls83L0hWyk


http://www.brainpopjr.com/socialstudies/economics/needsandwants/search/

Mama Shop

Coke ……………………………. $1

NTUC

Koka Instant Noodle ……...................................$2.35Cadbury Block Chocolate …………………………… $5.20Yupi Gummy Candies …………………………………. $1.40Coke …………………………………………..……………………. $1Fresh Milk …………………………………………………… $3.50Grapes ………………………………………………………. $3.65

Sakae Sushi

Japanese Egg …………………….... $1.99Japanese Green Peas …………... $1.99Japanese Dumplings ………..….. $4.99Prawn Tempura ……………..….. $11.99Prawn Udon ……………………… $10.99Macha Ice Cream ………………… $2.99Macha Cheese Cake …………….. $5.99Coke …………………………………….. $2.59Warm Green Tea ………………….. $0.99

Prices are set at $5.99/ $11.99 etc. to make consumers believe that the items are around $5/

$11 etc. In reality, the prices are $6/

$12! A WHOLE DOLLAR MORE! There are often hidden

charges by restaurants, such as Service Charge, which only appears after

your meal, in your bill.


$8 - $10

$60$30, 000


1. Wise shoppers take time to compare two or three alternatives before spending money.

TrueFalse


2. Taking time to read newspaper ads can save money when shopping.

TrueFalse


3. My needs should take priority over my wants when shopping.

TrueFalse


4. A spending need is:

a. something that looks good to meb. something that I need to existc. something my friend hasd. the first thing I see in the store


5. The best spending choice is:

a. always shop at brand-name storesb. buy the same thing my friends buyc. compare my choices before I buyd. always borrow from friends


Goods and

Services

NEEDSNEEDS WANTSWANTS


lesson5 ppt (p2)

Education