Economics

Billy mows the lawn to make money. He gets $20.00 for each lawn he mows in his neighborhood. What is Billy doing? Donating Saving Earning Spending By the end of the week Billy had made a $100.00 profit mowing lawns. He decided to buy a new skateboard with his money. What did Billy do? Saved Spent Donated Earned The fourth graders at Bean Elementary spent a weekend at school washing and folding old blankets and towels for The Haven Animal Shelter. They did not get paid for their time, but they had fun getting these blankets ready for animals who need them. The time that the fourth graders spent folding blankets and towels over the weekend is called - a punishment earning a good saving for a good donating time When Mrs. Hill buys a new pair of shoes for $30 and a new purse for $20 dollars the cashier told her the cost was $56, why is that? Taxes are only charged if it costs more than $50. They subtracted the taxes from the cost of the shoes and purse. Taxes were added to the cost of the shoes and purse. scarcity not enough of something cost of production the costs of materials needed to create a good or service producer someone who makes or grows a good consumer someone who eats, buys, or uses a good or service goods things we can touch that satisfy or wants and needs services activities that you can't feel or touch that satisfy your wants and needs Use these words to fill in the blanks:consumer producers product price price producer product consumer During the Easter season, the price of eggs increases. What is the supply and demand for eggs? low supply and high demand high supply and low demand high supply and high demand no change in supply or demand Third grade is participating in lemonade day, and only a few people are stopping to buy a glass of lemonade. Which of the following is the best way to sell more glasses of lemonade? Lower the price Raise the price Make more lemonade Drink the extra glasses of lemonade