Financial Literacy 2

In the winter watermelons are scarce (hard to find) which means that the price will increase or ​ (a)  

• go up and be higher.
• go down and be lower.

Tags

CCSS.8.EE.B.5

When there is an abundance (a lot of something) the price will decrease or ​ (a)  

• go down and be lower.
• go up and be higher.

Scarcity means that there is ​ (a)   of something.

• less
• more

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

Surplus and abundance means that there is ​ (a)   of something.

• more
• less

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

There was a hurricane that destroyed most of the orange trees in Florida. Fill in the blanks below to complete the sentence.

There is ​ (a)   ​ oranges which is called a ​ (b)   .

• less
• scarcity
• more
• surplus

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

There was a hurricane that destroyed most of the orange trees in Florida. Fill in the blanks below to complete the sentence.

There is ​Less oranges which is called a scarcity.

This means that the price will likely ​ (a)   or go ​ (b)   ​

• increase
• up.
• decrease
• down.

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

In a year of good rainfall farmers are able to grow a lot of corn. There is more corn which would be called a ​ (a)  

• scarcity.
• surplus.

In a year of good rainfall farmers are able to grow a lot of corn. This means that the price will likely ​ ​ (a)   or go ​ (b)   .

• decrease
• down
• up
• increase

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Around Easter time there is a lot of candy in the stores, we call this a ​ (a)  

• surplus.
• scarcity.
• decrease.

What will probably happen if something people want to buy is scarce?

• The price will go up.
• The price will go down.
• You will be able to get it for free.