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Vocabulary |
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Read each definition. Choose one vocabulary word from the word bank below and write it on the blank. scarcity interest interview opportunity cost budget competition interview income _______________ 1. The money people earn for work _______________ 2. A plan for using money _______________ 3. The money the bank pays you for keeping your money there _______________ 4. The thing that people must give up in order to do what they most want _______________ 5. The effort a seller makes to win buyers _______________ 6. A lack of good or services _______________ 7. A meeting where one person asks another for facts or ideas Fill in the blank with the following words: budget income opportunity cost competition 1. People who work earn an _______________. 2. People may use a _____________ to help them spend their money wisely. 3. Sometimes you have to give up one thing to buy another. What you gave up is the _______________. 4. One store might charge lower prices than another store for the same items. This _______________ can attract buyers. |