Economics

Economics

Assessment

Flashcard

Social Studies

5th Grade

Hard

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7 questions

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1.

FLASHCARD QUESTION

Front

What is the purpose of a budget?

Back

to keep track of how much you spend and save

2.

FLASHCARD QUESTION

Front

What is income?

Back

the money you make for doing a job

3.

FLASHCARD QUESTION

Front

What are expenses?

Back

the things you spend money on

4.

FLASHCARD QUESTION

Front

An entrepreneur is ________________.

Back

someone who takes a risk and starts their own business.

5.

FLASHCARD QUESTION

Front

What is a person that buys a product?

Back

a consumer

6.

FLASHCARD QUESTION

Front

Which major sector lends and invests money to consumers, helps businesses manage their cash flow, and follows banking regulations?

Back

bank

7.

FLASHCARD QUESTION

Front

Which major sector makes and enforces laws for citizens, businesses, and financial institutions, has laws to follow, and provides national defense(military), transportation through tax money?

Back

government

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