MP4 SS Review

Read Lillian's budget for April. Use it to answer the question. According to the budget, Lillian spent money for all of the following EXCEPT

• gifts

• movies

• parties

• puzzle

Read Lillian's budget for April. Use it to answer the question. Which is TRUE about Lillian's budget?

• She saved less than she spent.

• She received less than she saved.

• She saved more than she received.

• She spent more than she received.

Why do mittens cost LESS in the summer than in the winter?

• because people like to keep their hands warm in the summer.

• because everyone rides bikes in the summer.

• because fewer people use them in the summer.

• because children play outside more in the summer.

Which is the MOST likely reason Spongies are on sale?

• cost increased

• profit increased

• supply decreased

• demand decreased

The local grocery store received a large shipment of mangoes. The mangoes will ripen and go bad quickly if they aren't sold. What should the store do to sell the mangoes quickly.

• price them high to make people want them

• use the regular mango price

• have a sale on mangoes

• ship them back to the supplier

Carlos saved his allowance to buy a new pair of jeans. On Saturday, his mother took him to 4 different stores to find the jeans. All the jeans in his size were already sold. What is scarce in this example.

• money

• jeans

• sales clerks

• stores

Which description is an example of an event that may cause scarcity?

• Oil has been discovered in the Arctic Ocean.

• New kinds of cell phones are going on sale.

• Bad weather caused orange crops to freeze.

• A large piece of land has been cleared out for housing.

Who am I?

• Henry Ford

• Sam Walton

• Hector Garcia

• James Lovell

Henry Ford is an American entrepreneur who started a company to produce--

• automobiles

• computers

• cookies

• cattle

Melissa asked her class to stay after school on Thursday to discuss her new idea. She explained to the group that they should hold a make sale to earn money to help build the new playground. What will they do with the money they make?

• earn it.

• donate it

• save it

• borrow it