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WorksheetsSocial Studies Ch 11, 12
Total questions: 18
Worksheet time: 9mins
A business that looks after people’s money is a ____________.
budget
bank
economy
piggy bank
A plan for savings and spending money is a _______________.
budget
trade
diary
economy
To put money into a bank account is to make a _______________.
budget
withdrawal
interest
deposit
The way a country produces and uses goods and services is its _____________.
economy
bank
export
law
To bring products and resources from another country to sell in the U.S is ____________
export
economy
import
barter
To send a product or resource from one country to another to to be sold is ____________.
export
import
consumer
barter
Money earned by working
trade
bank
cash
income
The exchange of one kind of product or service for another is called a ____________.
money
trade
interest
piggy bank
An automobile mechanic earns an income by____________.
inventing a product
making a product
providing a service to customers
buying products
A person who spends money is a ___________.
consumer
producer
sharer
saver
The money a bank pays people for keeping their money is called ______.
checks
investment
income
interest
An __________ is something that can grow in value.
investment
checks
consumer
saver
If there is a great demand for a product and a low supply of it, the price will usually be _____________.
very low
low
fair
very high
International trade is different today from trade during Marco Polo’s time because________________.
technology has made it earlier and faster for people to buy and sell goods
people in Europe no longer want new products
spices are common now
people don't like silk
A trade-off is ________________.
what you give up to get something else.
a way to budget your money
a decision to do one thing and give up something else
money set aside for future spending
What are three reasons people might have for saving money
emergencies
college education
retirement
basic needs
What means there is very little supply of something
empty
scarcity
nothing
less
Characteristics of money are
portable
durable
divisible
recognizable
