Economics Review

Choose the picture that shows a service.

• 
• 
• 

Choose the picture that shows a good.

• 
• 
• 

Which is a need?

• buying a new toy

• grocery shopping

• going to Burger King

What is our system of money called?

• Currency

• Budgets

• Expenses

What is a way that businesses try to increase demand for a product?

• debt

• fundraising

• advertisements

Owen chose to ______________ his money so that he could afford a nice pair of shoes in the future

• spend

• donate

• save

Clark agreed to paint Lenny’s room if Lenny agreed to wash Clark’s dog Spike. This is an example of __________________________.

• saving money

• bartering

• equality

Mr. Martin really wanted to go out to eat for dinner, but he knew he had food to cook at home. He knew that if he went home to eat, he would save $20 for the new motorcycle he wanted to buy in the future.

Is Mr. Martin saving money or spending money?

• saving

• spending

Peyton really needed new cleats for soccer because her old cleats were too small. When Peyton purchased new cleats, this is an example of _______________________.

• want

• need

A plan for how you are going to spend your income is called a __________.

• list

• bills

• budget