Unit 5 - Business in the Community Review

Which one is not a way to earn money?

• Babysit kids

• Buying a Switch

• Mail Letters (Graduation, Birthday, etc.)

• Walking Neighbor's Dogs

Look at Carl's Budget. How much money should he have for savings?

• $22

• $29

• $36

• $7

What is a good?

• An item you can buy

• A job someone does for money

• Somebody who buys something

• Somebody who makes something

What is a service?

• An item you can buy

• A job someone does for money

• Somebody who buys something

• Somebody who makes something

What is a consumer?

• An item you can buy

• A job someone does for money

• Somebody who buys something

• Somebody who makes something

What is a producer?

• An item you can buy

• A job someone does for money

• Somebody who buys something

• Somebody who makes something

Which of the following is a good?

• groceries

• electricity

• farmer

• your dad

Which of the following is a service?

• groceries

• electricity

• farmer

• your dad

If supply is low but demand is high the

• price will decrease

• price will increase

• scarcity will increase

• scarcity will decrease

If supply is high but demand is low the

• price will decrease

• price will increase

• scarcity will increase

• scarcity will decrease