Something people need to survive such as air to breathe and food to eat is called a what?
What is a need.
100
Things that are made or grown like clothes, computers or fruit are known as what?
What are goods.
100
What is a plan for spending and saving money?
What is a budget.
100
You get this when you do work for someone?
What is money.
100
To get money for doing work
What is earn.
200
You have been saving all of your allowance for months to buy a pony. Is a pony a want or a need?
What is a want.
200
Work that someone does for someone else is known as what? (for example, dog walking or a dentist)
What are services.
200
How do people earn money?
Most people earn money from their jobs such as making goods or selling services.
200
The librarian that checks out your books is providing a good or a service?
What is a service?
200
All the money a person earns from a job or allowance
What is income.
300
A product that is not required for survival is called a what?
What is a want.
300
A firefighter is an example of what type of resource?
What is a human resource?
300
Your third grade class gets a quarter in a jar every time they behave the entire day. They are planning on spending the money once the jar is full. Are they currently spending or saving the money?
What is saving the money.
300
Would a bicycle be considered a need or a want?
What is depends on the situation, could be a need or a want if it is their transportation?
300
The amount of income a person uses to buy things or services
What is spending.
400
Do communities provide needs or wants?
What is needs. (Examples are hospitals or shelters)
400
The tractor that mows the lawn is a _____________ resource
What is a capital resource?
400
When you give money to people or groups, it is called what?
What is a donation.
400
What does it mean when there is not enough of something. For example during the holidays and you want the new PS3 but there is hardly any left?
What is Scarcity
400
The amount of income that is not spent
What is savings.
500
Do commercials advertise wants or needs?
What is wants. Commercials advertise wants, such as toys, that are not needed for survival.
500
The copper that is located in the mines in Arizona is a ________________ resource?
What is a natural resource?
500
Should you buy the things you need first, or want first?
Buy the things you need first so that you can use them for survival.
500
Your mom gives you $1.00 a week for your allowance. How much money will you have at the end of the year if you choose to SAVE IT.
Clue from Mrs. Clemens: There are 52 weeks in a year
What is $52.00.
500
What you give up when you choose one thing over another?