Financial Literacy-Income & Resources

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

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

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

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

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

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

London earns $8 per hour selling passes to the city pool.  What is the amount he earns if he works for 8 hours?

• $0
• $16
• $36
• $64

the work a person does

• labor
• income
• salary
• resources

money earned

• salary
• income
• purchase
• spend

a person's knowledge and work skills

• credit
• resources
• human capital
• savings

the amount of money a person can earn by being self-employed or by doing a job for another person or business

• salary
• scarce
• interest
• lend