Vocabulary
Question:
What is money paid to the government to help pay for goods and services?
Answer: Taxes
100 – Question:
What do people use money to buy?
Answer: Goods and services.
100 – Question:
A police officer protects people. Is this a good or a service?
Answer: Service
100 – Question:
The government builds a new public playground. Is this a good or service?
Answer: Good
What should you do before starting the assignment?
Answer: Read the directions.
200 – Question:
What do we call buying and selling goods and services?
Answer: Trade
200 – Question:
If you need a haircut, are you paying for a good or a service?
Answer: Service.
200 – Question:
A public road is an example of a government good or service?
Answer: Good
200 – Question:
You trade your apple for your friend’s banana because you both want what the other person has. What is this called?
Answer: Voluntary exchange
Classroom Values
Question: What should a scholar do when another person is speaking?
Answer: Listen respectfully and do not interrupt.
What is it called when people or countries depend on one another?
Answer: Interdependence
300 – Question:
If you buy a new backpack, are you buying a good or a service?
Answer: Good.
300 – Question:
A farmer grows food and sells it to a store. What is this an example of?
Answer: Trade
300 – Question:
A country buys cars from another country and sells food to that country. What does this show?
Answer: Interdependence
Being Kind
Question: What is one way a Torah Day scholar can show kindness to a classmate?
Answer: Help a classmate, share, or use kind words.
400 – Question:
What is the next best choice you give up when you make a choice?
Answer: Opportunity cost
400 – Question:
If you choose to save your money instead of spending it, what are you giving up?
Answer: What you could have bought.
400 – Question:
The United States buys bananas from another country. What does this show?
Answer: Interdependence
400 – Question:
You have $20. You can save it or spend it on a new game. You choose to save it. What is your opportunity cost?
Answer: The game
400 – Question:
What should you do before you submit your assignment?
Answer: Make sure you completed all parts.
500 – Question:
What is it called when two people agree to trade because both think they will benefit?
Answer: Voluntary exchange
500 – Question:
Why do people make choices about how to use their money?
Answer: Because they cannot buy everything they want.
500 – Question:
You have $10. You spend it on a toy instead of saving it. What is your opportunity cost?
Answer: Saving the $10
500 – Question:
Why are taxes important?
Answer: They help pay for government goods and services.
Hallway Expectations Ms. Leader's Class
Question:
What are four important hallway expectations for Torah Day School scholars in Ms. Leader's Class
Answer:
Walk in straight lines, keep your hands to yourself, do not eat, and do not talk loudly.