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WorksheetsFinancial Literacy
Total questions: 20
Worksheet time: 11mins
Going to work at a job is a way to....
get fired
earn money
make new friends
buy a motorcycle
Monica has a store selling her special t shirts. Everyone wants her shirts. Because there is a great demand for the shirts, Monica can....
make more shirts
lower the price of the shirts
raise the price of the shirts
sell matching shoes
What would happen if Monica has to sell her shirts for less that it cost her to make them?
She would make no profit
She would make great profit
Nothing will happen
She would have to take out a loan
Monica ran out of shirts to sell. Amazon did not have them either. This is an example of
supply
scarcity
demand
overspending
Scarcity is
when there is too much of something
when there is too many of something
when there is not enough of something
when you are afraid to lose all your money
Supply is
the things you need for school
having your school materials
wanting to buy more stuff
having enough materials
If you have to sell something for less than what you paid for it you will
make no profit
make a profit
break even
be a salesperson
If you sell something for more than what you paid for it, you will
make a profit
make no profit
have a clearance sale
win a salesforce award
To earn $25.00 how long do you have to save $5.00
4 weeks
5 weeks
6 weeks
1 week
If you make $7.00 a week for 6 weeks, how much money will you have.
$71.00
$17.00
$42.00
$56.00
If you make $7.00 a week for 5 weeks, but you spend $4.00 how much money will you have?
$28.00
$31.00
$17.00
$71.00
If you make $35.00 in 5 week, this means you make $_____ a week.
$17.00
$71.00
$7.00
$700.00
You are a very giving person. So, you donate $5.00 to the Special Olympics. You made $40.00. How much do you have after your donation?
$7.00
$37.00
$35.00
$117.00
Put these events in order:
- Many people want to buy t shirts.
- Trendy T-Shirts Store opens.
- The price of the t shirts goes up at Trendy T-Shirts Store.
2,3,1
3,1,2
1,2,3
2,1,3
Which is an example of scarcity?
our class has too many ipads
our class has one ipad
our class has 7 ipads
our class has 12 ipads
Eddie is the only person to sell t shirts at school. A new kid comes to school and starts to sell t shirts at the school. Eddie lowers the price of his t shirts because....
His store had ordered too many t shirts
The number of people who sell t shirts went up
Amazon ordered too many t shirts
He is afraid.
The boys selling popcorn to their classmates is an example of...
Habitat for Humanity building houses for people
A simple business operation
A complex business
School spirit night
Roger sold fruit from his family garden. Roger could decide how much he wanted to sell his fruit for. If he would run out of fruit for the day, he could get more fruit from his garden or close for the day. This is an example of....
free market
spending
saving
invention
Free market
an economic system in which prices are determined by individuals and not the government.
an economic system in which prices are determined by the government.
an economic system in which prices are very high.
an economic system in which prices are very low.
When the demand is high, the price will be...
low
high
equal
free
