Financial Literacy

Money earned or received is called

• Expenses
• Income
• Deductions
• Labor

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

• spend money

• earn money

• make new friends

• stay busy

When the demand is high for an item, the price of the item will ...

• Increase

• Decrease

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

• supply

• scarcity

• demand

• overspending

Scarcity is

• when there is too much of something

• when you get scared

• when there is not enough of something

• when you are afraid to lose all your money

When the demand is low for an item, the price of the item will ...

• Increase

• Decrease

A company that builds houses pays each carpenter for the work he or she does.  Which factor would NOT affect the amount of money the carpenter gets paid?

• the special skills the carpenter has
• the kind of car the carpenter drives
• the years of experience the carpenter has
• the number of hours the carpenter works

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.3

What causes one job to pay more than another job?

• training, education, and years of experience

• the age of the person working
• where the person working lives
• how many kids the person working has

_________ is the money that is earned for the person that did the _________ .

• rent, cleaning
• dollar bill, chores
• bills, purchase
• income, labor

Tags

CCSS.RI.2.3

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

Which of the following includes the knowledge, skills, education and talent people bring to work?

• financial literacy

• scarcity

• human capital
• natural resources