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WorksheetsEconomics
Total questions: 10
Worksheet time: 5mins
A limited amount of money that someone earns for their work?
budget
income
opportunity cost
comparison shop
A plan for how much money will be spent?
income
credit card
labor
budget
If you want something not in your budget the best plan would be...
save for what you want
borrow money from your parents
use a credit card
get a loan from the bank
Most Americans live beyond their means, which means they have..
spent more than they earned
saved money in a savings account
planned for the future
have won the lottery
Which is not a main reason to save money?
retirement
things you want
taxes
emergencies
What you give up by choosing one way of using resources instead of another.
opportunity cost
comparison shopping
item analysis
labor
Looking for items that are similar to the one you want to buy.
opportunity cost
income
budget
comparison shop
When you work to to make money your work is called?
income
labor
budget
savings
When you work to make money, your money is called?
income
labor
budget
shopping
Which of the following is a "want"?
food
clothing
water
car
