SSW #31 Money and Markets

How do people earn money?

• by taking a nap

• by working hard

• by reading a book

• by buying things

Every one who buys or sells goods or services is part of a ______________ .

• country

• bank

• resource

• market

Which statement describes a person saving their money?

• using money to pay their bills and to buy things their family needs

• buying a house or a car for their family

• putting money into a bank and earning interest

• going to the bank for a loan

What is a loan?

• a way to send money to someone who lives far away

• a fee someone pays for using money

• money that is borrowed from someone else

• going to the bank

According to the article, where is a safe place to save your money?

• piggy bank

• wallet

• backpack

• bank

The United States does not produce everything our citizens ___________.

• need

• demand

• want

• need and want

The United States sends goods to other _________, too.

• cities

• countries

• states

• resources

The price of a ___________ depends on supply and demand.

• want

• resource

• need

• supply

There are a lot of apples and not many people want them. Which of these statements supports this comment?

• The supply is low and the demand is high, so the price goes up.

• The supply is high and the demand is low, so the price goes down.

• The supply is high and the demand is low, so the price goes up.

There are only a few diamonds, but a lot of people want to buy them. What will this cause?

• The supply is high and the demand is low, so the price goes up.

• The supply is low and the demand is high, so the price goes down.

• The supply is low and the demand is high, so the price goes up.