Social Studies Chapter 6

Things that people make or grow are called ______________.

• goods

• producer

• services

• employees

Things that people do for people are called ______________.

• goods

• consumers

• services

• employees

Something you make to plan how to spend and save your money is called a _____________.

• budget

• consumer

• profit

After all of the bills are paid, the money you have left is called ___________.

• budget

• consumer

• profit

The person who pays for goods and services is the ___________.

• budget

• consumer

• profit

You can earn interest by...

• spending money on needs.

• put money in a savings accounts.

• spend money on wants.

• put money in a piggy bank.

You can get a greater income by...

• going to school.

• making a budget.

• going shopping

• getting a job.

Which one of these is NOT an expense of an employer?

• rent

• electricity

• consumers

• employee's pay

When you have to give up something in order to get something else, it is called _________.

• opportunity cost

• income

• budget

• interest

Which one is NOT an expense of your family?

• consumer

• food

• clothes

• entertainment