Economics - Financial Literacy Flashcards

1

An example of a want is _______________

shelter
homework
iphone
food

2

Producers sell __________________

money
resources
services
savings

3

A fireman is a ________________resource

capital
human
red
natural

4

What is a want

something you need to survive
something you need because your friends all have one
something you need to live
something that you require

5

The government's expenses are paid with _________

resources
savings
taxes
gold

6

A computer is a _____________________resource

capital
electronic
human
natural

7

What is a need

something that is cool
something that will make you popular
something you need because your friends all have one
something you have to have in order to survive

8

An example of a need is

shelter
ice-cream
an iphone
homework

9

People earn an ________________by working.

savings
income
reward
job

10

Producers sell

goods
money
taxes
savings

11

People who buy goods and services are _________

workers
producers
Target employees
consumers

12

Governments collect taxes to pay for community ______________

resources
buildings
products
services

13

Farmland is a -_________________resource

natural
fun
human
capital

14

_____________________is the study of how people use resources

loyalty
social studies
economics
citizenship

15

________________can be used for sudden expenses

taxes
savings
income
grandma

16

People who sell goods and services are ___________

producers
Wal Mart employees
consumers
workers

17

What does it mean to advertise a product

try to sell
make a collage
make fun of
color

Economics - Financial Literacy

Questions 17

Economics - Financial Literacy

Questions 17