Financial Literacy

A company that builds houses pays each carpenter for the work he or she does.  Which factor would NOT affect the amount of money the carpenter gets paid?

• the special skills the carpenter has
• the kind of car the carpenter drives
• the years of experience the carpenter has
• the number of hours the carpenter works

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.3

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

Tags

CCSS.HSS.IC.B.4

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

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

Tags

CCSS.RI.2.3

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

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

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

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

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

Walker earns $10 per hour while working at a restaurant.  What is the amount of money he will earn in 8 hours?

• 18
• 80
• 2
• 81

Tags

CCSS.3.OA.A.3

Which of the following best describes a wage?

• payment for goods and services
• profit from the sale of goods
• interest earned on savings
• income earned from work

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

Tags

CCSS.RI.4.1

CCSS.RI.5.1

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.6.1

Insects attacked some walnut trees this year, so the walnut crop is much smaller.What will probably happen to the price of a bag of walnuts this year?

• The price will stay the same.

• The price will go up.

• The price will go down.

• A bag of walnuts will be free.