December 13

Managing money is a difficult task for
many people. Often people spend all the
money they have and then worry about
what to do when something
unexpected happens.

In this lesson, we will explain the
connection between human
capital/labor and income.

What is

human capital?

Human capital is the skills,
knowledge, and experience a
person may have which shows
their value to a country or
organization.

Multiple Choice

Which of the following includes the knowledge, skills, education, and talent people bring to work?

• Capital resources

• Natural resources

• Financial capital

• Human capital

Multiple Choice

Which of the following improves human capital?

• Shopping Habits

• Education

• Age

• Family Size

Multiple Choice

Which of the following improves human capital?

• Shopping Habits

• Education

• Age

• Family Size

Multiple Choice

Which of the following does NOT improve human capital?

• Leadership Skills

• Education

• Experience

• Height

Multiple Choice

Which of the following does NOT improve human capital?

• Leadership Skills

• Education

• Experience

• Height

Okay…so…

what is labor?

Labor is the hard work, strong
effort, or struggle one performs
in order to complete a task that
pays the worker an income.

Multiple Choice

What is the work that a person does to earn an income?

• Labor

• Income

• Credit

• Salary

What is an

income?

Income is money received in
exchange for providing
a good or service. It might
also be called a salary, wage
or earnings.

Multiple Choice

What is income?

• The amount of bills a person pays monthly.

• The amount of loans a person borrows from a bank yearly.

• The amount a money an employer pays to an employee on a fixed basis.

• The number of hours an employee works per week.

Multiple Select

What is another word for income?

• Hours

• Salary

• Services

• Wages

• Earnings

Multiple Choice

Alberto works at a pet shop. The pet shop pays him every week for the work he does. Some weeks he works less hours than other weeks. Which statement is likely true?

• When Alberto works less hours, he earns more income from the pet shop.

• When Alberto works more hours, he earns more income from the pet shop.

• When Alberto works less hours, the pet shop gets more labor from him.

• When Alberto works more hours, he earns less income from the pet shop.

Time to Work!

Show me

What you know!

Multiple Choice

Ms. Davis works for a company as an engineer. Which factor would most likely affect the amount of money Ms. Davis gets paid by the company?

• the number of siblings Ms. Davis has

• the amount of money Ms. Davis has in her checking account

• the experience Ms. Davis has an an engineer

• the amount of money Ms. Davis pays in bills each month

Multiple Choice

A school district has a shortage of teachers. What is one way that the school district can get more people to apply for teaching positions?

• Increase teachers' salaries

• Increase the number of duties teachers are required to complete daily

• Decrease teachers' pay

• Increase the number of hours teachers work each day

Multiple Choice

A school district has a shortage of teachers. What is one way that the school district can get more people to apply for teaching positions?

• Increase teachers' salaries

• Increase the number of duties teachers are required to complete daily

• Decrease teachers' pay

• Increase the number of hours teachers work each day

Multiple Choice

Ricky works for company in his city. Which of the following is NOT a reason for the

company to pay Ricky a higher wage over the other employees?

• Ricky has more experience at his position than his coworkers.

• Ricky has more educational credentials than his coworkers.

• Ricky has worked more years at the company than his coworkers.

• Ricky lives the closest to the company.

Multiple Choice

Crystal wants to become a nurse. Which of the following is a way for Crystal to

increase her human capital?

• Crystal should go to college and to get an art degree

• Crystal should watch videos on how to fix computers

• Crystal should volunteer at the hospital

• None of the above

Multiple Choice

Which of the following is NOT an example of wages?

• Jake works at a pharmacy and gets paid $15 each hour.

• Brenda's yearly salary as a veterinarian is $72,000

• Fernando spent $250 when he went shopping at the mall.

• Nathan weekly's pay as a pet groomer is $450.

Multiple Choice

Marcia finished nursing school. Ben finished high school. Which statement about their job opportunities is most likely to be true?

• Ben has more specialized skills than Marcia.

• Marcia has fewer specialized skills than Ben.

• Marcia may become a nurse.

• Ben and Marcia may do the same job.

Multiple Choice

Andrew enjoys working in an office with other people. Chloe has the most education. Tanya likes to work outside. Which statement is most likely true about the people and jobs?

• Chloe is the landscape worker

• Andrew is the legal secretary.

• Andrew is the teacher.

• Tanya is the legal secretary.

Multiple Choice

Karina went to school for 6 more years after graduating from a 4-year college to become an eye doctor. Which is most likely to be the amount of money she earns each week when she starts to work?

• $200

• $800

• $2,000

• $600

Multiple Choice

Ben earns $700 a week, Bradley earns $925 a week, and Russ earns $1,400 a week. Which statement about their knowledge and work skills is the most likely to be true?

• Russ had no additional training past high school.

• Bradley has the least training and work skills.

• Ben has the least training and work skills.

• Bradley went to medical school.

Multiple Choice

Kenneth went to college for 4 years, then went to graduate school for another two years. Which is most likely a job that Kenneth does based on his education?

• auto mechanic

• teacher

• surgeon

• clerk

Multiple Choice

What causes one job to pay more than another job?

• the length of training, amount of education level and level of job difficulty
• the age of the person working
• where the person working lives
• how many kids the person working has

Multiple Choice

_________ is the money that is earned for the person that did the _________ .

• rent, cleaning
• dollar bill, chores
• bills, purchase
• income, labor

Multiple Choice

Four kids are trying to make money during the summer to go to camp.  The camp costs $24 a day to attend.  Lashea earns $1 an hour to watch his baby sister.  Joseph earns $3 an hour filing papers at his mom's office.  Carmen makes $2 an hour helping her dad mow the lawn.
Who has to work longer to earn $24 and why?

• Lashea because his amount is smallest.
• Joseph because his amount is the biggest.
• Lashea because his amount is the largest.
• Joseph because his amount is the smallest.

Multiple Choice

Which of the following includes the knowledge, skills, education and talent people bring to work?

• financial capital
• natural capital
• human capital
• natural resources

Multiple Choice

Lydia is a babysitter.  Which of the following ways can she increase her human capital?

• babysit only one child at a time
• charge a higher price for her babysitting
• purchase toys she can use while she babysits
• attend a class to improve her babysitting skills

Multiple Choice

Which of the following is not an example of exchanging human capital for income?

• walking a neighbors dog for $1
• washing your dishes and making your bed for your weekly allowance of $3
• watering a neighbor's plants while they're on vacation for $5
• receiving $5 from your grandmother for your birthday

Multiple Choice

Which of the following is not an example of exchanging human capital for income?

• walking a neighbors dog for $1
• washing your dishes and making your bed for your weekly allowance of $3
• watering a neighbor's plants while they're on vacation for $5
• receiving $5 from your grandmother for your birthday

Multiple Choice

Which of the following usually causes income from a job to be higher?

• the job has a title
• more education is required for the job
• people must be interviewed for the job
• an ad for the job was placed on the internet

Multiple Choice

money earned or received

• Expenses
• Income
• Deductions
• Check

Multiple Choice

Going to work at a job is a way to....

• get fired

• earn money

• make new friends

• buy a motorcycle

Multiple Choice

Monica ran out of shirts to sell. Amazon did not have them either. This is an example of

• supply

• scarcity

• demand

• overspending

Multiple Choice

Scarcity is

• when there is too much of something

• when there is too many of something

• when there is not enough of something

• when you are afraid to lose all your money

Multiple Choice

You are a very giving person. So, you donate $5.00 to the Special Olympics. You made $40.00. How much do you have after your donation?

• $7.00

• $37.00

• $35.00

• $117.00

Multiple Choice

Which is an example of scarcity?

• our class has too many ipads

• our class has one ipad

• our class has 7 ipads

• our class has 12 ipads

Multiple Choice

When the demand is high for an item, the price of the item will ...

• decrease

• increase

• equal

• free

Multiple Choice

What helps you save money regularly so you can reach your goals? 

• Human Capital 
• Credit 
• Savings Plan 
• Salary