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WorksheetsFinancial Literacy
Total questions: 12
Worksheet time: 9mins
Many people earn money at a job. Another way to earn money is . . .
buying new things
volunteering for a charity
keeping money in a savings account
Students baked cookies for a fundraiser. This is an example of . . .
donating
consuming
spending
Which would be included in a budget?
earnings
sleeping
phone calls
Which of these would be in a budget?
steps
calories
spending
Write a sentence explaining what a budget is.
If demand for products is LOW, what will sellers do?
Lower the price
Raise the price
Keep the same price
If a new book sells so fast that many people can't buy it, what could happen ?
price could go up
people won't want the book
cost to make the book could increase
Which of these explains SCARCITY?
people buy more products than they need
people don't earn enough money
people want more than there is to buy
If a store lowers the price of a product, what will happen to profits?
They will decrease
They will increase
They will stay the same
Henry Food started a company to produce:
automobiles
computers
cookies
How does Maria earn money?
providing services
earning interest on savings
selling goods to customers
If a man buys shoes for $15 and sells them for $20 he will make a . . .
service
profit
donation
