Money Matters 1(income/wages/demand/supply)

Creating your own business

• is a way to have fun

• Is a way to make money

• is a way to get busy

Going to work at a job is a way to....

• get fired

• earn money

• make new friends

• buy a motorcycle

Zawize has a store selling her special t shirts. Everyone wants her shirts. Because there is a great demand for the shirts, Zawize can....

• make more shirts

• lower the price of the shirts

• raise the price of the shirts

• sell matching shoes

What would happen if Zawize has to sell her shirts for less that it cost her to make them?

• She would make no profit

• She would make great profit

• Nothing will happen

• She would have to take out a loan

Zawize ran out of shirts to sell. Amazon did not have them either. This is an example of

• supply

• scarcity

• demand

• overspending

Scarcity is

• when there is too much of something

• when there is too many of something

• when there is not enough of something

• when you are afraid to lose all your money

Supply is

• the things you need for school

• having your school materials

• wanting to buy more stuff

• having enough materials

If you have to sell something for less than what you paid for it you will

• make no profit

• make a profit

• break even

• be a salesperson

If you make $7.00 a week and you need to buy a machine of $35.00, how long would it take to buy the machine?

• 3 weeks

• 5 weeks

• 4 weeks

• 7 weeks

You are a very giving person. So, you donate $5.00 to the Special Olympics. You made $40.00. How much do you have after your donation?

• $7.00

• $37.00

• $35.00

• $117.00