Financial Literacy

Front

Going to work at a job is a way to....

Back

earn money

Front

Monica has a store selling her special t shirts. Everyone wants her shirts. Because there is a great demand for the shirts, Monica can....

Back

raise the price of the shirts

Front

What would happen if Monica has to sell her shirts for less that it cost her to make them?

Back

She would make no profit

Front

Monica ran out of shirts to sell. Amazon did not have them either. This is an example of

Back

scarcity

Front

Scarcity is

Back

when there is not enough of something

Front

Supply is

Back

having enough materials

Front

If you have to sell something for less than what you paid for it you will

Back

make no profit

Front

If you sell something for more than what you paid for it, you will

Back

make a profit

Front

To earn $25.00 how long do you have to save $5.00? Options: 4 weeks, 5 weeks, 6 weeks, 1 week

Back

5 weeks

Front

If you make $7.00 a week for 6 weeks, how much money will you have?

Back

$42.00