Fun with Economics

What do we call money that we earn?

• Income

• Expense

• Savings

• Debt

What is the name of the place where we buy things?

• library

• gym

• restaurant

• store

What do we call it when we save money for later?

• Investing

• Spending

• Borrowing

• Saving

What is a job?

• A job is a type of food that people eat.

• A job is a hobby that one does for fun.

• A job is a place where people go to relax.

• A job is a position of employment where tasks are performed for compensation.

What do we call things we want to buy?

• needs

• desires

• preferences

• wants

What is the opposite of spending money?

• wasting money

• borrowing money

• investing money

• saving money

What do we call a person who sells things?

• buyer

• seller

• manufacturer

• distributor

What is a bank?

• A bank is a place to store physical goods.

• A bank is a financial institution that manages money.

• A bank is a type of restaurant.

• A bank is a government agency that issues currency.

What do we call it when we trade one thing for another?

• Swap-out

• Trade-off

• Barter

• Exchange

What is a price?

• The total cost of production for a good.

• The value of a good in terms of barter.

• The profit margin on a product.

• The amount of money required to purchase a good or service.