Unit 6 Week 4: The Big Picture of Economics

Which word means almost the SAME as currency? 

• housing

• language

• money

• transportation

What does the word merchandise mean?

• things people need in order to survive

• things that are bought and sold

• things that make life easier

• things everyone has

Which word means almost the SAME as invest?

• hide

• make

• spend

• waste

A person in which of the following fields would MOST likely use economics?

• business

• construction

• education

• medical

Read the dictionary entry below.

  

     • Noun: Relating to the entire world

     • Noun: Relating to a celestial body

     • Adjective: Worldwide

 

Which of the following words is defined above?

• currency

• global

• marketplace

• transaction

What does the word transaction mean?

• a conversation

• a business deal

• how people get things done

• the way people work together

What does an entrepreneur do?

• move to a new place

• take over a company

• start and run a business

• work at and manage a store

Products and services are bought and sold at a

• forest

• marketplace

• park

• school

What is the MAIN idea of the section “Money Matters?”

• Money is power.

• Money is a luxury.

• Everyone needs money.

• Money has changed over time.

According to the article, what will you have to do when setting up a business BEFORE your very first transaction?

• get money

• sell goods

• spend money

• count your money