1) Mario made some brownies. He sold it at a garage sale. He RECEIVED $7.00. How would you describe what Mario has done?  a) Earning b) Spending c) Saving d) Donating 2) How can you save money? a) keep a little of what you earn and put it in a piggy bank b) start a lemonade business c) buy candies for all of your friends d) donate to a charity 3) When your mom go to the supermarket she have a budget to spend on _____________ such as groceries. a) services b) goods c) donations d) earnings 4) The 3rd grade students are collecting dog and cat food, treats and animals shampoo for an animal shelter. This is an example of . . . a) earning b) spending c) donating d) saving 5) Look Claire's budget for April. According to the budget, Claire spent money for all of the following EXCEPT.. a) Snacks b) Daily Lunch c) Savings d) Video Games 6) In what scenario the price of apples will go up? a) More people want apples than there are apples b) There is a surplus of apples c) The supermarket have a SALES of apples d) There is a low demand of apples 7) If the demand for apple pies is low, what will the seller most likely do with the price? a) increase the price b) decrease the price c) leave the same price d) do nothing 8) There was a hurricane that ruined the peaches crops in the United States. Farmers are going to have a _________ of peaches now. a) scarcity b) surplus c) service d) demand 9) Gabriel saved his allowance to buy a new pair of shoes. On Saturday, his father took him to 2 different stores to find the shoes. All the shoes in his size were already sold. What is scarce in this example? a) money b) employees c) stores d) shoes 10) If Mr. Rosario buy a video game for $35.00 and sell it for $45.00 he will make a . . . a) saving b) service c) profit d) donation 11) What can the community need to do to help families in need of goods? a) Send the families to another town. b) Show the family which stores will help them buy food c) Set up agencies and collect donations for those families d) Sell ​​the family house to make money 12) The candy company wants to make a profit. The cost of candy material used to make candies has increased. The company does NOT want to raise prices. What will most likely happen to profits for the candy company? a) Profits will increase b) Profits will decrease c) Profits will stay the same d) Nothing will happen to the profits 13) Henry Ford started a business to produce . . . a) Automobiles b) Make up c) Cookies d) Airplanes 14) 1. A video game store open. 2. The price of the Pokemon video game goes up 3. Many people want to buy the new Pokemon video game. Which of the following shows the correct order of the events shown above? a) 1,2,3 b) 3,2,1 c) 3,1,2 d) 1,3,2 15) Which is TRUE about this budget? a) Claire has $10 left after covering all her expenses. b) Claire spends the most money on donations to charity. c) Claire’s expenses equal her total allowance. d) Claire saves more money than she spends on lunch.

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