REVIEW CT SS TERM 3

A building where people make goods such as food, clothes, and shoes is called ...........

• grocery store

• barber shop

• factory

• corps

Why do we need to work?

• to make us happy

• to earn money

• to get healthy

• to sleep all the time

Clothes, foods, and shoes are type of ............

• services

• goods

• income

• debit card

Which job is NOT produces goods?

• farmer

• baker

• doctor

• Fisherman

What is the meaning of income?

• Money we give to others

• Money we earn from working or selling things

• Money we borrow from a bank

• Money we spend on things we like

What is the meaning of needs?

• Things we must have to live

• Things we want but don't have to have

• Things we can share with others

• Things that are not important

Things we like to have but don't really need is called ............

• trade

• wants

• ATM

• needs

Which one is NOT example of wants?

• jewelry

• foods

• watch

• story books

What is the meaning of predict?

• To draw pictures

• To play a game

• To guess what will happen in the future

• To buy goods and services

what is the meaning of budgeting?

• Giving money to others

• Buying things on sale

• Spending money without thinking

• Planning for spending and saving money