Earning and Managing Money

Ben made a BLANK to plan how to save and spend money.

• Budget

• Consumer

• Profit

• Expense

After Li paid the bills, she still had a $200 BLANK .

• Budget

• Consumer

• Profit

• Expense

Someone who pays for goods and services is a BLANK .

• Budget

• Consumer

• Profit

• Expense

One expense a business does NOT have is BLANK .

• consumers

• electricity

• rent

• employees' pay

To make money a business could BLANK .

• increase expenses

• pay employees more

• have fewer consumers

• buy less expensive goods

Jean sells ice cream. If the cost of milk goes up and she DOESN'T raise the price of her ice cream, BLANK .

• her profits

• she will sell less ice cream

• have fewer consumers

• customers will pay more

Which is NOT true about our economy?

• Everything is a cheap or free

• Running a business is hard work

• People can choose what they produce

• People can choose what they consume

Every budget should BLANK .

• stop you from spending

• balance your income

• increase your expenses

• increases your income

One way to increase your income is to BLANK .

• go to school

• get a job

• go shopping

• make a budget

One way to earn interest is to BLANK .

• spend money on needs

• put money in a savings account

• spend money on wants

• put money in a piggy bank