People Make Choices

Exchanging goods or services without using money is called?

• Budget

• Barter

• Economy

A card that can be used to draw money directly from our saving account when we make purchases is called?

• Debit card

• Credit card

• Identity Card

A card that allows you to borrow money against a line of credit to make purchases is called?

• Debit card

• Credit card

• Identity card

A financial institution licensed to receive deposits and make loans is called?

• Hospital

• Bank

• School

People make a/an. . .when they buy thing rather than another.

• economic choice

• profit

• barter

A thing that you need to give up when you choose one thing instead of another is called?

• Profit

• Expenses

• Opportunity cost

Nala chooses to buy a book rather than a toy. Which one is the opportunity cost?

• A book

• A toy

• Nala

When do people make economic choices?

• When they spend money

• When they exercise

• When they study

. . . is the income of a business has left after all its costs are paid.

• Income

• Expenses

• Profit

The things that people make or grow and then sell are called?

• Goods

• Services

• Profit