The Big Picture of Economics

Products and services are bought and sold at a

• school

• park

• forest

• marketplace

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

What does an entrepreneur do?

• work at and manage a store

• start and run a business

• take over a company

• move to a new place

Tags

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

What does the word transaction mean?

• a conversation

• a business deal

• how people get things done

• the way people work together

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.4.4

CCSS.RL.5.1

CCSS.RL.5.4

Which of the following words is defined by: related to the entire world or worldwide?

• transaction

• marketplace

• global

• currency

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

A person in which of the following fields would most likely use economics?

• medical

• education

• construction

• business

Which word means the same as invest?

• hide

• make

• spend

• waste

Tags

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.4.4

CCSS.RL.5.1

What does the word merchandise mean?

• things people need in order to survive?

• things that are bought and sold

• things that make life easier

• things everyone has

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.4.4

CCSS.RL.5.1

CCSS.RL.5.4

Which word means almost the same as currency?

• housing

• language

• money

• transportation

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.3.4

CCSS.RL.4.4

CCSS.RL.5.4

What type of currency do we use in the United States?

• rubles and kopeks

• reals and centavos

• pesos and centavos

• dollars and cents

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

All of the following details describe the laws of supply and demand EXCEPT:

• as demand goes down, prices go down

• as demand goes up, prices go down

• as supply goes down, prices go up

• as supply goes up, prices go down