Making money
Which of the following people is earning money by providing a SERVICE?
anthony grows fruit
Laura sews stuffed animals
carl sells lemonade
Marie teaches third grade
Marie teaches third grade
a new toy becomes very popular, (like needohs), how will the price of one change?
go up
go down
Go up
- there is a high demand
If you save money, you are
setting it aside for later
using it on things you want now
inventing new machines
buying expensive toys
setting it aside for later
why do countries trade with each other
to get things they want and need
how can you increase your profit at a lemonade stand?
use cheaper lemons
use more ingredients
sell in the winter
give it away for free
cheaper lemons
A new bakery moves into the neighborhood, now there are way too many cookie options that people can buy, will the price of cookies
go up
go down
go down
Money you put into a savings account
can be stolen
earns interest
is gone forever
is put in a piggy bank
earns interest
Why does the US sell wheat but buy bananas
we grow a lot of wheat but not many bananas
At Sam’s fruit stand they sell peaches, the ________ of peaches is how much they have to sell
buyer
demand
supply
seller
supply
This winter was very cold in Florida, it killed a bunch of orange trees, how will the price of oranges change?
go up
go down
go up
How can business use money wisely?
it can use more expensive resources
it can but machines to make goods
it can decide to not fix broken things
all of the above
it can buy machines to make goods
How can businesses take part in global trade?
1. Open factories
2. Open stores
3. Sell their goods
You decide to sell hot chocolate during the winter, but this winter has been super warm, how will the price of hot chocolate change?
go up
go down
go down
Why do businesses spend money to invent things?
to save money later
to put money in the bank
to help fix broken machines
to make new and better goods to sell
to make new and better goods to sell
One company charges a high price to ship mail quickly, but now there are companies who are starting to ship just as quickly, how will the price change?
go up
go down
go down
Why does global trade sometimes take jobs from richer countries and bring them to poorer countries
lower pay for workers