The Big Picture of Economics

"The worth of a thing is what it will bring" - What economic term is this quote related to in the article?

• currency

• investment

• merchandise

• supply & demand

Tags

CCSS.RL.2.6

CCSS.RL.8.3

A person in which of the following fields would most likely use economics?

• medical

• education

• construction

• business

economics would most likely be used in _________

• education

• sports

• business

• farming

What does the proverb, "The worth of a thing is what it will bring" mean?

• If your thing is something people want - they will pay more for it! (Supply & Demand)

• If your thing is something people don't need - they will pay a lot for it!

Tags

CCSS.RI.3.7

CCSS.RI.4.7

CCSS.RI.5.7

CCSS.RL.4.7

CCSS.RL.5.7

The way a country or a state manages its money and resources such as land, labor and capital in order to produce, distribute, buy and sell goods and services.

• sales tax

• economy

• tourism

• roadside attraction

I am participating in a system of ________ when I open a lemonade stand. 

• marketplace

• merchandise

• currency

• economics

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Identify the second most traded currency around the world also used in Italy:

• Yen

• American Dollar

• Euro

• Peso

Malawi's economy relies on farming and tourism. What does the term "economy" refer to?

• The process of cooking and preparing meals

• A system of managing the resources (production or goods and services) of a community or country

• The study of animals and plants and how they live

Tags

CCSS.L.5.5C

Read this quote from the article.

 

     “The worth of a thing is what it will bring.”

 

What economic term is this quote related to in the article?

• Currency

• Invenstment

• Merchandise

• Supply and demand

Tags

CCSS.RL.2.6

CCSS.RL.8.3

What is the MAIN idea of "The Global Marketplace"?

• Currency in other countries.

• Money is power.

• Sneakers made in Japan.

• Economics around the world.

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.3.2

CCSS.RL.4.2

CCSS.RL.5.2