Economics

Front

What is income?

Back

money received from work

Front

Jen needs an income to buy a new house. What should Jen do in order to buy a new house with her own income?

Back

get a job and save her money

Front

Why do people have jobs?

Back

to earn money to buy goods & services

Front

Someone who makes or grows a good or provides a service is a ___.

Back

producer

Front

What natural resource is used to make desks?

Back

trees

Front

Bella is buying a drink at the grocery store. Is she a producer or consumer?

Back

consumer

Front

Which of the following best describes the relationship between working and income?
Options:
work and income are the same thing,
work does not affect income,
income is only for spending on toys,
income is earned by doing work

Back

income is earned by doing work

Front

Which of the following is an example of how to earn income?
Options: picking up trash, laying by the pool, sleeping, listening to music

Back

picking up trash

Front

How can a person earn an income? Options: napping, playing with friends, working at a job, reading a book

Back

working at a job

Front

When you do chores at home then use the money you earned to buy a car, you are

Back

a producer and consumer