Week 25: Economic Choices Flashcard

Front

Why do people earn money?

Back

To buy things they need and want

Front

What is one of the things people spend money on after meeting their needs?

Back

Things they want

Front

Which of the following is NOT mentioned as a need that people spend money on? House payments or rent, Food, Utilities, Video games

Back

Video games

Front

What do people pay for that is related to their health? Gym memberships, Doctor's visits and dental appointments, Health insurance only, Medications only

Back

Doctor's visits and dental appointments

Front

What do you agree to when you take out a loan?

Back

To pay back the money over a certain amount of time with interest

Front

What is the term used for money that you owe?

Back

Debt

Front

What is one reason why people might choose to save money?

Back

To buy things later, like a car or a house

Front

What can donating help others to do?

Back

Be successful