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WorksheetsWonders 1-5 Economic Rollercoaster
Total questions: 20
Worksheet time: 10mins
This week's Wonders Reading skill was
Comprehension
Re-Read
Author's Point of View
Vocabulary
The Title of the Text in the Small book was
Money, Money, Money
Money Matters
Economic Roller Coaster
Supply & Demand
The word "Economic" refers to:
Money
Supply
Politics
Buying & Selling Activity in a town or country
This week's Essential Question was:
What things to do to make money?
What factors influence how people spend money?
What is supply and demand?
What affects how people save money?
What is bartering?
Trading something you have for something someone else has.
Riding a horse as hard as you can to town.
Trading with use of currency.
Negotiating with another to talk about the best price you can trade.
Who was this week's model writer?
Vicky
VIctor
Jeremiah
Joshua
When price for a good goes up,
demand goes up.
supply goes up.
demand goes down.
you go home and take a nap.
When demand goes down,
price goes up.
price goes down.
supply goes up.
people line up at the stores to buy more goods.
Which item good, did Mr. Kim talk about in giving examples this week?
trains
iPhones
Jeeps
Baseball Bats
High prices ____________ our economy. (fill in)
effect
affect
stuff
advocate
Choose the best spelling
basiclly
salaryies
availible
manufactured
It is helpful to the economy if the demand is slightly higher than supply?
No because price is too high
Yes because it stimulates companies to make more goods, and thus hires more workers.
Yes because companies will make lots of money
No because people will get mad not being able to but their stuff
Why are diamonds so expensive?
High supply
High Demand
Low supply (artificially controlled by companies)
Low demand
What is FLUCTUATE similar to? (Check all that are true)
Elevator
Parachute Jump
Roller Coaster
Basket ball during a game
Drive to Las Vegas
If the price of cow feed skyrockets real high, (Check all that are true)
We will have to pay more for steaks and hamburgers
Demand for Chickens will go up
People will die right away due to starvation
Only rich people will be able to eat a T-Bone steak
People will eat more fish
What happens when bad weather comes to farmlands?
Farmers will make more money
Farmers will suffer loss of crops
Banks will be lending more money
Mr. Kim will move to Canada
Why do Air Jordan Basketball shoes cost so much?
They are rare (low supply)
They are the best looking
Nike is a cool company
They cost so much to make
Why do you see 75% off sales at the stores
High Demand
Low Price
Low Demand (discontinued models)
The store managers want to be kind
Why does Mr. Kim not upgrade his phone from his old iPhone 5 ?
He is a cheap man
He wants to do his part in saving the environment
He can not handle the new technology
He is jealous of Michael's new iPhone XI pro . !!!
He is too broke !
Why can you not find a new iPhone XI on sale, for cheap price?
Apple store CEO is too greedy
Too much demand
Not enough supply
They are on sale on ebay
