Economics Review

Claudia is selling cookies to raise money for her trip to California. What is this an example of?

• donating

• spending

• saving

Claudia increased the price of her cookies to keep up with demand. What could have led to the increase?

• she ran out of cookies

• she had too many cookies

• she wanted to start selling brownies

When Claudia went to 3 different stores, she noticed there weren't many cookies left. What is this an example of?

• budget

• scarcity

• demand

What is it called when you make a plan for your spending?

• making a budget

• making a list of things you want

• asking other people for money

A company is selling a new computer. The computer cost them $20 to make and ship each computer. They sell the computer for $30 in the store. What is the money they make after the sale called?

• service

• good

• profit

How did Wally Amos give back to the community?

• he lowered his prices

• he donated some profits to help others

• he changed his recipe

How does what Louis Pasteur did help the community?

• his studies made sure liquids like milk were safe to drink

• his studies made it harder for people to get vaccines

• his studies helped other people get jobs

Who founded a popular car company?

• Jonas Salk

• Sam Walton

• Henry Ford