WorksheetsYC Chapter 2 Lessons 4 : Our Needs and Wants (Ertle)
Total questions: 13
Worksheet time: 7mins
another name for currency is
money
value
a job
government
a plan for how you will spend the money that you earn is called
earnings
currency
profit
budget
the money you get for doing a job is called
budget
earnings
goods
wants
things that are made and can be bought are called
services
goods
currency
budget
a job that you pay someone else to do is called
goods
service
budget
profit
the money you are left with after the costs are subtracted is called
profit
demand
budget
goods
things you must have are called
wants
needs
earnings
cost
things you would like to have but can live without are called
needs
wants
services
cost
the amount of goods that stores have are called
demand
supply
currency
profit
the amount of goods that people want
services
supply
demand
profit
If lots of people want a skateboard but there aren't a lot of skateboards left to sell, the price of the skateboard will...
go up
(increase)
go down
(decrease)
stay the same
If stores have a lot of skateboards but people aren't buying them, then the price of the skateboard will...
stay the same
go up
(increase)
go down
(decrease)
Miss Ertle buys cups, lemonade mix, and a sign for her stand that costs $15.
She makes $25 dollars selling lemonade.
What is Miss Ertle's profit?
$25
$15
$40
$10
