Week 25 Economic Choices

Income is money that someone earns by _______________.

• working

• sleeping

• watching TV

• playing video games

Why is it important for people to earn an income?

• To buy toys

• To have fun

• To purchase goods

• To sleep more

People work for an income, to be able to purchase _______________.

• goods

• services

• items

• products

What is the term for keeping income?

• budgeting

• earning

• saving

• spending

Sasha wants a game that costs $25. She earned $10 doing chores. What should she do?

• Earn more money.

• Buy a different game.

• Ask her friends for money.

• Give up and not buy anything.

How do most people earn money?

• They work to earn money.

• They take money.

• They borrow money.

• They beg for money.

Why do people need money?

• People do not need money.

• People spend money on things they need and want.

• People give all their money away.

• People don't work for money.

People choose the jobs they do to __________ money.

• waste

• lose

• earn

• budget

Why do people keep money in a bank or credit union?

• because it the easiest thing to do

• because they know people there

• because they will look important

• because they want it to be safe

Donating is __________ part of what you have to others.

• keeping

• selling

• giving

• making