Little Red Hen Economics

If there is not enough of something to go around for all people who want it, it is called _.

• berter

• scarcity

• entrepreneur

What is barter?

• doing the work

• trading something of value for something else without the use of money

• using thing from nature

Choose two needs (things people must have to live).

• food

• shoes

• shelter

• a huge housre

Name two things that are not needs.

• food

• shelter

• a huge house

• new shoes

What is the cost of running a business called?

• expenses

• needs

• profit

The reason people start businesses is to _.

• have fun

• make a profit

• get food

Choose three capital resources in the story.

• kitchen

• chicks

• oven

• towels

• bowl

What happened first in the story?

• The Little Red Hen baked the bread.

• The Little Red Hen fed bread to her chicks.

• The Little Red Hen bartered her eggs for wheat.

• The Little Red Hen took the wheat to the mill to be made into flour.

What happened 2nd in the story?

• She baked the bread.

• She fed bread to her chicks.

• She bartered her eggs for wheat.

• She took the wheat to the mill to be made into flour.

What happened 3rd in the story?

• She baked the bread.

• She fed bread to her chicks.

• She bartered her eggs for wheat.

• She took the wheat to the mill to be made into flour.