Labor/Income
Availability/Scarcity
Planned/Unplanned Expenses & Decisions
Credit/Savings
100
Which of the following is NOT important when choosing a person for a job?
A. Education
B. Job Experience
C. Amount of money in bank account
D. Character
What is C, amount of money in bank account
100
There is an oil spill in the ocean which will cause a shortage of gasoline for cars. This will cause a(n) (increase or decrease) in the price of gasoline.
What is increase?
100
Mr. Nyguyen has to pay the water bill every month. Is this planned or an unplanned expense?
What is a planned expense?
100
Tyra bought a new dress using her credit card. Which of the following is true about her purchase?
A. She will have to pay for part of the dress with her own money.
B. She will have to pay double the price of the dress.
C. She will have to pay for the dress, plus an additional fee.
What is C, she will have to pay for the dress, plus an additional fee?
200
True or False:
College graduates are likely to make more money than those who only graduate from high school.
What is true?
200
Superfoods Grocery Store sells about 60 gallons of milk each day. On Sunday, they had over 100 gallons of milk that needed to be sold. Which of the following did the grocery store do in order to sell all the milk?
A. Increase the price
B. Decrease the price
C. Keep the price the same
What is B, decrease the price?
200
Maurice got a speeding ticket on the way home. Which of the following is the best way for Maurice to plan for this expense?
A. He cannot plan for this because it is an unplanned expense.
B. He can save money every month for unexpected costs.
C. His parents should pay for his ticket since he still lives with them.
D. Get a credit card in case of emergencies.
What is B, he can save money every month for unexpected costs?
200
Farah borrowed $8,000 from the bank to purchase a new air conditioner. She paid $8,400 back to the bank. Why might Farah have paid more back to the bank than she borrowed?
A. She wanted to thank them for letting her borrow the money.
B. She paid sales tax on the amount she borrowed.
C. She paid interest on the amount she borrowed.
D. She accidentally paid them too much money.
What is C, she paid interest on the amount she borrowed?
300
Two people have applied for a job as a nurse. Both have a nursing degree and have worked five years in a hospital. Which of the following would an employer most likely consider when determining who is the most qualified for the job?
A. Who has the most kids
B. Who has more specialized skills training
C. Who applied for the job first
D. Who lives the closet to the hospital
What is B, who has the more specialized skills training?
300
A video game company has updated one of their most popular games. The Game Store still has 50 copies of the old game. Will the price of the old game increase or decrease?
What is decrease?
300
Morgan lost her soccer bag and had to buy all new equipment. She spent $12 on shin guards, $32 on a new ball, and $58 on soccer shoes. How much did Morgan spend on unplanned expenses?
What is $102?
300
Omar borrowed $3,100 to pay for his college classes. The bank charged him $225 in interest. How much did Omar pay for his college classes after interest?
What is $3,325?
400
Which of the following education is likely needed in order to become a doctor?
A. high school diploma
B. 4-year college degree
C. Medical degree and training program
D. All of the above
What is D, all the above?
400
An orange grove in Flordia grows and sells oranges. This year, extremely hot weather has destroyed much of the oranges. Which statement best describes the effect on the price of oranges?
A. The price will likely decrease because there aren't as many oranges to sell.
B. The price will likely increase because there are fewer orange available to buy.
C. The price will likely decrease because there will be more oranges to buy.
D. The prices will likely increase because there will be more oranges to buy.
What is B, the price will likely increase because there are fewer oranges available to buy?
400
How much money did Jae save in August?
What is $96?
400
Davon plays to save $100 per month for six months. What might Davon be saving his money for?
A. a ticket to the movie
B. a microwave
C. a dirt bike
D. a new car
What is C, a dirt bike?
500
A nurse received a raise. Which factor would most likely not be a reason for the nurse to receive a raise?
A The nurse completed additional training
B The nurse received excellent reviews about her performance
C The nurse reported late to work often
D The nurse has many years of experience
What is C, the nurse reported late to work often?
500
_______ is when the availability of something is low.
What is scarcity?
500
Brynn wants to buy a hoverboard for $329. Does she have enough money left over?
What is yes?
500
Mr. and Mrs. Donegal set up a college savings fund for their 4-year-old son, Miles. Which of the following is a true statement?
A. Miles is too young to attend college so his parents should wait to save money.
B. Miles may decide not to go to college so his parents should not save money.
C. Saving money is a good idea because Miles will be less likely to needs loans for college when he gets olders.
What is C, saving money is a good idea because Miles will be less likely to needs loans for college when he gets olders?