Something you give up to get something else that you want more is called ____.
When there are not enough goods, there is a ____ of them.
A bank pays _____ in exchange for keeping money.
____ is a plan for using money.
What is money that people earn for work?
What is money?
How do people pay for goods and services if they do not use money?
When does barter work best?
Why do people make budgets?
How do banks help people?
In what ways are barter and money alike?
In what way are barter and money different?
Why do people use money more than barter?
Name two ways people can earn money.
When bartering, what happens if nobody wants the item you want to trade?
What should you think about before buying an item?
What does opportunity cost mean?
What are some ways that stores compete to win buyers?
What happens to prices when there is competition between sellers?
What does it mean when there is a scarcity of something?
A movie star or sports hero says that this juice is great. What type of ad is this?
This ad tells you that everyone has one of the product. What type of ad is this?
This ad shows an attractive person enjoying the product. What type of ad is this?
This ad shows a person getting relief from an itch using the product. What type of ad is this?
True or False; All advertisements give facts about the products they sell.
opportunity cost
scarcity
interest
Budget
income
Money is anything widely accepted in exchange for goods and services.
People barter or exchange goods and services directly.
Barter works best when each person has something the other person wants.
People make budgets to decide how to use their money.
They help people to save and earn interest on their money.
Both money and barter are ways for people to buy goods and services.
Money is small and its value is agreed upon.
Money is easier to carry and can be used whenever someone is ready to sell.
By working and by earning interest from the bank
You could not make a trade and would have to find another item.
Think about the price of the item and how much money you have saved.
It means that you must give up the possibility of buying one thing when you buy another.
They compete by lowering prices, having more selection, and better quality.
The prices will be lower.
There is not much of it available.
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Before and After Advertisement
False
