Chapter 6 Lesson 5

Which text evidence best proves that going to school can help students prepare for future jobs?

• “You have learned that people get paid an income for the work they do.”

• “However, we don’t always get paid for the jobs we do.”

• “Your job right now is to go to school.”

• “The subjects you study in school help you ‘earn’ or gain knowledge.”

• “All the things you learn help you build your human capital.”

What does the word benefit mean?

• something that helps a person

• something that a person needs

• something that harms a person

• something that a person earns

Which statement best explains what Jamie would give up if he purchased the bike?

• He could buy both a tool to play games and ride to school.

• He would not have a tool that could save him time with chores.

• He would not have a tool that he could use for school and for fun.

• He would not have a tool that would help him travel from place to place.

Which is an example of a want?

• Rent for an apartment

• A vacation to the beach

• Groceries used to make lunches and dinner

• Shoes to wear to work or school

Which is an example of a need?

• A new video game

• A vacation to the beach

• Groceries used to make lunches and dinner

• Taking your friends out to lunch at a restaurant

Which statement best explains why it is a good idea to have a budget?

• It helps a person earn more income.

• It helps a person earn more human capital.

• It helps a person choose which bank to use.

• It helps a person decide how to spend money.

Water is a __________.

• want

• need

Which evidence from the text explains why it's important to have a budget?

• Another way to help make buying decisions is to keep a budget.

• It shows all the income expected in a week or month.

• It also shows all the expenses that must be paid each week or month.

• The money left over can be used for anything.

Which evidence from the text best supports the inference that saving money is a good idea?

• Every buying choice involves a tradeoff.

• The money left over can be used for anything.

• What happens if a family has an expense it did not expect?

• Sometimes a buyer’s decision may be not to spend any money at all.

Look at page 297 of your book. Explain why students created the Ross Valley

Free the Children Club and how it helps others. Support your answer with details from the text.