Financial Literacy Exit Ticket Tuesday December 17

Front

What does it mean when a product is in high supply?

Back

It means there are many of that product available for sale.

Front

What does it mean when a product is in high demand?

Back

It means many people want to buy that product.

Front

What is human capital?

Back

Human capital refers to the skills, knowledge, and experience possessed by an individual.

Front

Which factor does NOT affect human capital?

Back

Month of birth does not affect human capital.

Front

What is an example of labor for income?

Back

Working at a job and getting paid for the work done.

Front

What happens to the price of a product when there is less of it available?

Back

The price will likely increase.

Front

What is the relationship between supply and demand?

Back

When demand is high and supply is low, prices tend to increase.

Front

What can affect how much someone gets paid for their job?

Back

Factors like experience, education, and skills can affect pay.

Front

What is a job?

Back

A job is a role where a person performs tasks in exchange for money.

Front

What is income?

Back

Income is the money received for work or services.