What do businesses depend on?
a. depend on other businesses for parts they use
b. depend on other businesses for transportation of their goods
c. stores to sell their products
d. all of the above
What is the letter d?
100
What person is on the one-dollar bill?
Who is George Washington?
100
What is the goal of competition?
a. sell more of a good or service than a competitor?
b. make more of a profit than your competitor?
c. draw in more consumers than your competitor?
d. all of the above
What is all of the above or letter d?
100
A willingness to buy a good or service is called what vocabulary word?
What is demand?
100
Some people consider candy or a day at the spa to be this.
What is a treat?
200
What is the main business center in Japan?
a. Mexico City
b. Nagasaki
c. Tokyo
d. Hong Kong
What is letter c?
200
What person is on the twenty-dollar bill?
a. Abraham Lincoln
b. Alexander Hamilton
c. Andrew Jackson
d. Ben Franklin
What is letter c, Andrew Jackson?
200
In a free market economy you can sell any product or service, even if the law does not allow it. True or false
What is false?
200
This is the place called where people can put their savings to earn interest.
What is a bank?
200
Cows, pigs and even frogs can be eaten as this.
What is meat?
300
In lesson three the Wright Family made an economic goal. They followed their budget so they could...
a. go on a camping trip
b. go to Disney World
c. go to Great Wolf Lodge
d. sit in their house and not go out the entire summer
What is letter a?
300
What "W" word is another name for income?
What is wage?
300
If you wanted to give some of your money or food to a person or group that is less fortunate, it is said that you have given money/food to a...
What is charity?
300
This is a personal plan for spending and saving money for a period of time.
What is a budget?
300
These are at the bottom of legs?
What are feet?
400
The money that a bank pays a person for keeping their money is called...
a. deposit
b. invest
c. interest
d. savings
What is letter c?
400
The Wiggle Family wants to take a loan from the bank to buy a new Wiggle car. Besides paying the money borrowed, the Wiggles would also have to pay the bank what...
What is interest?
400
If a crop that has a large demand is partly destroyed and suffers scarcity, the price will...
a. stay the same
b. go down
c. rise
What is "c" or rise?
400
A ____________ is a group of workers who own a business together.
What is a cooperative?
400
This is snow's ugly cousin.
What is sleet?
500
What body of water borders Japan to the east?
a. Mississippi Ocean
b. Sea of Japan (East Sea)
c. Pacific Ocean
d. Atlantic Ocean
What is letter b?
500
Where is money and valuables kept in a bank?
What is a vault?
500
What was once used for money in India, Thailand, and countries in Africa?
a. cowrie shells
b. wampum belts
c. euros
d. Turkish coins
What is cowrie shells, (letter a)?
500
Every year tomatoes are grown in New Jersey. Millions of people across the US look forward to buying the NJ tomato. If this summer a new type of insect from China destroyed the majority of the crop, the supply of the product would suffer this "S" word...