Wednesday, March 24/ Economics

1. Read the chart and use it to answer the questions that follow. Mrs. Hill: "I teach reading to third graders."Mrs. Ferguson: "I make scrapbooks."Ms. Chandler: "I draw pictures."Mr. Chamberlain: "I sing at public events." Which two people are providing goods? Mrs. Hill and Mrs. Ferguson Mrs. Ferguson and Ms. Chandler Mrs. Hill and Mr. Chamberlain Mrs. Ferguson and Mr. Chamberlain Your family is having a family gathering for cousin. Which teacher from the chart above should your family hire to sing at the family gathering? Mrs. Ferguson Mr. Chamberlain Mrs. Hill Ms. Chandler 2. Choose the best answer Billy mows the lawn to make money. He gets Rs. 200 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 Rs 800 profit mowing lawns. He decided to buy a new skateboard with his money. What did Billy do? Saved Spent Donated Earned 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 3. Read the situations below and decide if the person is saving or spending their money. Saving Greg has decided that he wants to buy a new bike that cost Rs. 2000 and he has only Rs. 1600. Does he need to save or spend his money? Juan is going for a birthday party on Friday for his friend. He has Rs. 1200 and has not bought a gift for his friend. Does he need to save or spend money? Kattie wants a puppy that is Rs.1900 but she has only Rs. 1500. Should she be saving or spending money? Cameron has his own apartment and needs to buy a vacuum cleaner. His mother told him to keep his new place clean. He only has Rs. 200 in his account. Should he spent or save his money? Spending Mr. Gaytan's third grade class wants to go on a field trip. They need Rs. 900. They have Rs. 1200 from a bake sale. Should they spend or save their money? Julie would like to buy a new outfit for her friend's party. She has Rs. 1500 and the outfit she wants is for Rs. 1200. Can she save or spend her money. John and Tom are going for a movie but John only has Rs. 700 and the movie ticket is for Rs. 600. He wants popcorn worth Rs. 100. Should he spent his money and get popcorn or he needs to save it?