Easy Ones
100 – What does it mean when we say resources are “scarce”?
→ They are limited, so people and businesses must make choices about how to use them.
100 – Who is an entrepreneur?
→ A person who starts and runs a new business, taking on financial risks for profit.
100 – Why do people work?
→ To earn money and learn new skills.
100 – What is the name of Taylor Swift’s world tour that celebrates all her music eras?
→ The Eras Tour.
200 – What is an opportunity cost?
→ The next best thing you give up when you make a choice.
200 – Why might innovation be important for small businesses?
→ It helps create new products or improve existing ones to stay competitive.
200 – What is a business?
→ A place or group that makes or sells goods or services.
200 – Which Taylor Swift album features the songs Love Story and You Belong with Me?
→ Fearless.
300 – What is a budget?
→ A plan for how to earn and spend money wisely.
300 – What does “economic interdependence” mean?
→ When countries rely on each other through trade, investment, tourism, or technology.
300 – What does it mean when we say resources are “limited”?
→ There isn’t enough of everything for everyone.
300 – Taylor Swift started her music career in which genre before moving into pop?
→ Country music.
400 – Why does the government collect taxes? With examples
→ To fund public goods and services such as health, education, and infrastructure.
400 – What is an example of a sustainable business choice?
→ Using local suppliers and reducing packaging waste to protect the environment.
400 – What is one way people can make good money choices?
→ By saving some of their income instead of spending it all.
400 – What is the common name for the fish known as Pomatomus saltatrix?
→ Taylor.
500 – What does it mean to be a responsible consumer?
→ Buying only what is needed, supporting ethical products, and avoiding waste or harm to the environment.
500 – How does financial literacy help individuals and businesses?
→ It allows them to make informed decisions about spending, saving, and planning for the future.
500 – What is one way businesses can help the environment? →
By recycling, reusing materials, or reducing waste.
500 – Where in Australia are Taylor fish most commonly found? Which coast
Along the eastern coast.