Economy
Decision Making
Education
Work
Taxes
100

When there are no more items for you to buy

What is shortage?

100

Adam’s heart condition requires him to take medication.

What is a need?

100

A type of funding for college that does not need to be repaid.

What is a grant or scholarship?

100

$7.25/hour

What is a wage?

100

Your take-home pay after deductions

What is net income?

200

When there are lots of items for you to buy.

What is a surplus?

200

Trent makes his bed every morning without thinking. His behavior would be called this...

What is a habit?

200

A type of college education that requires 4 years of school.

What is a bachelor's degree?

200

$1500/month

What is a salary?

200

The total amount earned before paycheck deductions.

What is gross income?

300

The relationship that exists between availability of and the desire for a product or service.

What is supply and demand?

300

Apple just released their latest iphone and Barrie bought it the same day.

What is instant satisfaction?

300

A way to pay for college that involves borrowing money.

What is a student loan?

300

Teamwork, problem solving, and time management are examples of these.

What are soft skills?

300

The date all tax returns must be postmarked.

What is April 15th?

400

Harvey lives in a country where demand and supply are determined by prices.

What is a market economy?

400

Mrs. Lindahl loves shoes but can’t afford any right now.  She will save until she has enough money.

What is delayed gratification?

400

The amount of increase in salary Jose can expect to receive for obtaining his master's degree. (hint: this is a 3 letter formula.)

What is return on investment or ROI?

400

Tony is planning his career and might have to move.  What career consideration does this represent?  

What is cost of living?

400

This form comes TO you showing what you made and paid in taxes the previous year.

What is form W2?

500

Rachel lives in a country that allows ALL products to be made with no government interference. (hint: this ideology begins with an "L")

What is laissiez-faire?

500

The cost of getting a job instead of playing on the high school football team.

What is opportunity cost?

500

A type of savings plan set up specifically for education.

What is a 529 plan?

500

Someone who provides innovation, jobs, and has no limit to their potential income.

What is an entrepreneur?

500

This form is FOR you to fill out to tell your employer how much to withhold from your paycheck for taxes.

What is form W4?

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