B: Module 7 Lessons 15 & 16 Problem Set

Ben wants to set up a lemonade stand to earn some extra money.

1. 1. When Ben buys the ingredients to make the lemonade, he is a​ (a)   .

2. 2. When Ben sells the lemonade, is he a ​ (b)   .

• comsumer
• producer

Ben buys a posterboard for $1 to make a sign for his lemonade stand. He spends $14 on ingredients to make the lemonade and buys an umbrella for some shade for $8. Ben makes $50 at his lemonade stand. How much money does he have left after paying his costs?

_____ Dollars

Ming is also selling lemonade to make some money to save. Ming spends $2 on a colorful sign, $6 on a tablecloth, and $13 on ingredients for the lemonade. How much does Ming spend in all to sell the lemonade?

____ Dollars

Ming is also selling lemonade to make some money to save. Ming spends $2 on a colorful sign, $6 on a tablecloth, and $13 on ingredients for the lemonade. How much does Ming spend in all to sell the lemonade?

____ Dollars

Ming is also selling lemonade to make some money to save. Ming spends $2 on a colorful sign, $6 on a tablecloth, and $13 on ingredients for the lemonade. Ming makes $45 selling lemonade. How much money does she have left after paying for her costs?

____ Dollars

Ming is also selling lemonade to make some money to save. Ming spends $2 on a colorful sign, $6 on a tablecloth, and $13 on ingredients for the lemonade.

1. 1. Ming is a ​ (a)   .

Ming makes $45 selling lemonade.

2. 2. Ming is now a ​ (b)   .

• consumer
• producer

Tim checks out a book from his school library. Tim is ​ (a)   a book. Tim gives an eraser to Jana. He asks her to return it when she’s finished.  Tim is ​ (b)   an eraser.

• borrowing
• lending

Tim uses his mother’s money to buy a toy. He tells his mother he will  pay her back. Tim is ​ (a)   money.

Lucy gives her friend a DVD to use for the next week. Lucy is ​ (b)   a DVD.

• borrowing
• lending

Organize these options into whether it is responsible or iresponsible borrowing.

Groups:

(a) Responsible Borrowing

,

(b) Iresponsible Borrowing

• Lucy forgets to return the video game to the library

• Lucy loses the video game, so she pays for the library to get another one.

• Lucy returns the video game to the library on time.

• Lucy leaves the video game out of its case on the floor where her dog chews on it

• Lucy puts the game back in the case from the library when she is finished playing