Financial Literacy

Why might a worker earn more income?

• They earned a college degree

• They own a large home

• They have little job experience

• They have a lot of children

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

A bad freeze destroyed most of the oranges. The price of the remaining oranges will _______________, because there are fewer oranges to buy.

• Increase (cost more money)

• Decrease (cost less money)

Tags

CCSS.RI.3.3

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

Which is an example of labor?

• Josiah is shopping for Mother's Day

• Emerson sold his house

• Kristian is watching a football game.

• Alejandro is a Realtor selling a house to Emerson

Camila works at a gift shop. She gets paid $15 each hour. Which statement is true?

• When Camila works less hours, she earns more income.

• When Camila works more hours, the gift shop gets less labor from her.

• When Camila works more hours, the gift shop gets more labor from her.

Tags

CCSS.7.RP.A.2C

Which is an example of a person performing labor for income?

• Once a month, Savannah volunteers at a local animal shelter near her home.

• Jonah works as a doctor at a hospital. He gets paid every week.

• Alana's mom gave her money on her birthday.

• Kinsley took out a car loan at a bank.

A winter storm destroyed thousands of spinach plants in one of the largest farms in the United States. Which statement describes what will most likely happen to the price of Spinach?

• The price of spinach will increase, because there is less spinach available to sell.

• The price of spinach will remain the same, because there is less spinach available to sell.

• The price of spinach will decrease, because there is more spinach available to sell.

• The price of spinach will decrease, because there is less spinach available to sell.

Layla is going to apply for a teaching position. Which of the following would most likely affect Layla's pay?

Select two correct answers.

• How much money Layla has in her bank account.

• Layla's education level.

• Layla's family size.

• Layla's experience working as a teacher.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Addison wants to become a doctor. What is one way that Addison can increase her human capital to become a doctor?

• Addison should read books on how to become a mechanic.

• Addison should take classes to learn how to perform surgeries.

• Addison should work fewer hours at her job, and show up late every day.

• Addison should spend all her income on clothes!