Economics Review

Front

Which of the following is a NEED? clothes, Xbox, iPhone

Back

clothes

Front

Which of the following is a WANT? Clothes, Water, Candy

Back

Candy

Front

What is currency?

Back

Money

Front

What is a budget?

Back

a plan for how to spend and save your money

Front

3 Parts of a Budget

Back

Savings, Spending, Income

Front

Mrs. Bailey's class wants a new TV that costs $350. They make $349 selling cookies. Which part of the story is the INCOME?

Back

Make $349 selling cookies

Front

Which part of the story is the EXPENSE? Mrs. Bailey's class wants a new TV that costs $350. They make $349 selling cookies.

Back

TV that costs $350

Front

What is a shop that you could open at the beach? Options: a ski school, a surf shop, a hiking store

Back

a surf shop

Front

A job that someone does to help others is a ______.

Back

service

Front

A factory worker in a sofa factory is a ________.

Back

producer