4th Grade TCI Economics

Which of the following people is earning money by providing a service?

• Anthony grows fruit to sell.

• Laura sews stuffed animals.

• Carl sells lemonade he makes.

• Marie teaches a third grade class.

Which of the following will increase the profit at a lemonade stand?

• using cheaper lemons

• using more ingredients

• selling during cold weather

• giving glasses away for free

At Georgia's fruit stand, she sells apples. The ________ of apples is how many she has to sell.

• color
• weight
• size
• supply

A new toy becomes very popular, and many people want it. How will the price of the toy change?

• Price will go up.

• Price will go down.

A new bakery moves into the neighborhood. Now there are many more cookies that people can buy. How will the price of cookies change?

• Price will go up.

• Price will go down.

Cold weather in Florida kills many trees that grow oranges. How will the price of oranges change?

• Price will go up.

• Price will go down.

Julie sells hot chocolate during the winter. But this winter has been very warm. How will the price of hot chocolate change?

• Price will go up.

• Price will go down.

One company charges a high price to ship mail quickly. Soon many other companies start shipping mail just as quickly. How will the price of this service change?

• Price will go up.

• Price will go down.

If you save money, you are...

• setting it aside for later.

• using it on things you want now.

• inventing new machines.

• buying expensive toys.

Money that you put in a savings account

• can be stolen by anyone who goes to the bank.

• earns more money given by the bank (interest).

• is gone forever and can never be seen again.

• is put in a piggy bank.