Economics
Flashcard
•
Social Studies
•
5th Grade
•
Practice Problem
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
What is the purpose of a budget?
Back
to keep track of how much you spend and save
2.
FLASHCARD QUESTION
Front
What is income?
Back
the money you make for doing a job
3.
FLASHCARD QUESTION
Front
What are expenses?
Back
the things you spend money on
4.
FLASHCARD QUESTION
Front
An entrepreneur is ________________.
Back
someone who takes a risk and starts their own business.
5.
FLASHCARD QUESTION
Front
What is a person that buys a product?
Back
a consumer
6.
FLASHCARD QUESTION
Front
Which major sector lends and invests money to consumers, helps businesses manage their cash flow, and follows banking regulations?
Back
bank
7.
FLASHCARD QUESTION
Front
Which major sector makes and enforces laws for citizens, businesses, and financial institutions, has laws to follow, and provides national defense(military), transportation through tax money?
Back
government
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