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Economics WCMS 6th Grade Flashcards | StudBud
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Economics WCMS 6th Grade
Economics WCMS 6th Grade
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Flashcards
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Questions
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Answers
1
Goods are...
Your net pay
Taxes
the opposite of bads
Products that are bought in a store or online by consumers
2
The price of toilet paper went up last March because of
the stock market
.
False
True
3
The process of buying and selling goods and services based on supply and demand is...
economics
bear market
savings and investing
bull market
4
What is the biggest advantages to having a credit card?
Your name goes into a drawing to win stuff.
You don't have to pay right then and there. You can pay later.
There are no advantages to credit cards.
5
This is where you can buy and sell stocks/shares in a company or business.
shareholder
global economy
stock market
savings account
6
You don't have to pay taxes if you only work part time.
True
False
7
Gross Pay minus Taxes equals
Social Security
Income tax
Net Pay
Investing
8
If you use your debit card, funds are taken out of your...
Gross pay
Savings account
Checking account
taxes
9
The more money you earn, the more _____ you pay.
economy
stock market
taxes
demand
10
Savings is considered lower risk than investing.
True
False
