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What are ways to save money?
savings plan, piggy bank, opening a bank account
What do producers use supply and demand for?
to decide the price of the product
How are loans and credit cards similar?
Both allow you to spend money you do not have.
What is is an example of a capital resource?
farm equipment
Service workers need special skills to do their jobs. True or False
True
What is a service worker?
a librarian, doctor, government leader
What is demand?
how many people want something
What is an example of of bartering?
a person trading a pie for some egs
Why is earning an income important?
It helps people get things they need.
How do producers earn money?
Producers sell goods they make.
What is an example of a benefit of choosing to buy a board game?
It can be played with many people.
What is a cost?
the price of something


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