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1st Grade Social Studies Ch. 8 All About Money
Game Code: 3304173
English
11
Public
All About Money
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Why do people save money?
They want to buy something later when they have enough money
They like to spend paper bills and coins.
They want to sell things before they buy anything.
They can write a check to pay for something.
15
Things that people make or use to satisfy wants are called—
goods
sellers
choice
buyers
15
What happens when people cannot have all the goods and services they want?
They make a choice
They take somebody else’s goods.
They find a free service.
They sell their goods.
15
People are consumers when they—
know all their choices
make goods and services
buy or use goods and services
save their money to spend later
15
Which picture shows a consumer?
2
4
1
3
15
This picture shows a---
producer
consumer
15
When people have a choice to make, what can help them decide?
The ideas from a consumer
The ideas from a producer
Charts of goods and services
A decision-making model
15
Which statement is true?
All decisions are easy to make.
Decisions only have costs.
Decisions only have benefits.
All decisions have costs and benefits
15
Which two are examples of money?
Cash, and coins
groceries, and apples
15
What is a cost?
What you get when you make a choice
What you give up when you make a choice
15
What is a benefit?
What you give up when you make a choice
What you get when you make a choice
15
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