Understanding Community Resources and Budgets

Which of the following is an example of a resource used by a baker in your local community?

• Flour

• Bicycle

• Television

• Basketball

Who is a producer in your local community?

• The person who bakes bread at the bakery

• The person who buys bread at the store

• The person who eats bread at home

• The person who delivers mail

What happens to the price of apples if there are fewer apples available at the store?

• The price goes up

• The price goes down

• The price stays the same

• The apples disappear

Which of these is a reason why a family might make a budget?

• To decide how to spend and save money

• To make more friends

• To play more games

• To grow more plants

If a toy store has a lot of the same toy, what will likely happen to the price of the toy?

• The price will go down

• The price will go up

• The price will stay the same

• The toy will disappear

Which of the following is a simple way to save money?

• Put coins in a piggy bank

• Spend all your money at once

• Give all your money away

• Hide your money under your pillow

A farmer uses seeds, water, and soil to grow vegetables. What is the connection between these resources and the farmer?

• The farmer uses resources to produce vegetables

• The farmer sells resources to the store

• The farmer eats all the resources

• The farmer buys vegetables from the store

If a bakery runs out of flour, what might happen to the number of cakes they can make?

• They can make fewer cakes

• They can make more cakes

• The number of cakes stays the same

• They can make cakes without flour

If a family wants to buy a new bike and also save money for a trip, how can a budget help them?

• By helping them plan how much to spend and save

• By making the bike free

• By giving them more money

• By making the trip shorter

Why might the price of oranges go up if there is a storm that destroys many orange trees?

• Because there are fewer oranges available

• Because people do not like oranges

• Because stores want to give them away

• Because oranges are always expensive