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WorksheetsInflation
Total questions: 16
Worksheet time: 9mins
What do we call it when people want to buy a certain thing?
Demand
interest
curiosity
economics
What do we call something that people sell?
give-aways
freebies
Goods/ services/products
coupons
If someone has too much of a product to sell, what can they do?
Throw the extra product away.
Lower the price to encourage people to buy it
Try to do "buy one-get-one free."
What is another term for the thing that people want to buy?
demand
economics
interest
supply
If there is more demand than there is supply, what will happen?
The product/goods becomes more expensive.
Things for free!
The prices come down!
Buy-one-get-one-free!
If there is more supply than there is demand--what can happen?
The price doubles.
The products/goods become more expensive!
The product becomes harder to find in stores.
The product can become cheaper/less expensive
What happens when there is too much money and too few goods/products?
Prices go lower?
Recession
economics
inflation
Think about this: What can cause prices to go up?
People are getting paid more money.
The product is harder to get.
Wars
Famines
If you make delicious chocolate chip cookies, and suddenly, because of a drought, it is harder to you to get the cocoa that chocolate chips are made from. What happens? (Two correct answers)
You may have to make cinnamon cookies instead.
You may have to charge more for the chocolate chip cookies
You give cookies away for free.
You lower the prices of the cookies.
You make chocolate chip cookies and there was a great farming season: cocoa and flour are cheap--meaning you can make chocolate chip cookies for even cheaper. How will this affect your business?
You raise the prices of cookies!
You make your cookies cheaper to attract customers.
Inflation happened to this burger. How did inflation affect it?
The cheeseburger got cheaper.
The Cheeseburger got more expensive.
The cheeseburger got smaller.
Inflation has (slowly) over time affected this coffee. What happened?
The coffee got less expensive.
There is more coffee now.
There is less coffee now.
The price of coffee has gone up.
In this picture, inflation has affected these products. Which food has it affected the most?
Apples
Eggs
Beef steaks
Bacon
The new Christmas today is the popular Knight and Horse doll. Everyone wants it! And there are not many of these dolls around. What is most likely to happen?
People will not want it.
It will sell out. First come first serve.
People will want to buy something.
Why would a store have sale...they are losing money? (two correct answers)
They want to get customers interested in the store.
They want to sell older items by lowering the price.
They want to increase prices.
There is great demand for these products.
What is going on in this picture?
He is going to be rich!
Prices are coming down!
His raise cannot keep pace with inflation.
