WorksheetsSocial Studies - Economics
Total questions: 17
Worksheet time: 17mins
What is an example of a good?
a haircut
a toy
lawn mowed
wall painted
When there is a high demand for a good/service, then prices will go up.
True
False
A person who uses resources to make goods and provide services is called a-
consumer
producer
barterer
reporter
People who make ice cream are -
producers
consumers
People who buy and eat ice cream are -
producers
consumers
A plan for spending and saving. You must consider both income and expenses.
budget
banking
hoarding
investing
To use money to pay for something.
spending
cost
deposit
finance
What is one way Joseph can earn money?
He can open a lemonade stand.
He can donate to a charity.
He can read a book about jobs.
He can volunteer at the library.
Braileigh participated in Lemonade Day this year. She made a $20.00 profit selling fresh lemonade. Braileigh decided to buy a ring with her money. What did Braileigh do?
Saved
Donated
Spent
Earned
