Click HERE for a printable version.

Directions:  Read carefully the information contained within these web resources.  Answer each question in your own words on your printable worksheet. 

1.    Read about Goods and Services and provide one example of each other than those listed.

Good(s):

Service(s):

2.    Read about Free Enterprise and take the quiz.  Provide your own example of a seller changing the price of an item, with an explanation of why the price is being changed.

3.    Read about Investments and answer questions 4-7:

4.      List three things that could affect the price of a share of stock.

a.

b.

c.     

5.      Who can own stock besides individuals?

6.      What is the Dow Jones Industrial Average?

7.      What is the Standard and Poor’s 500 Index?

Visit Building Wealth and answer questions 8 - 18:

8.      What is a wealth-creating asset?

9.      Provide an example of an asset that does not create wealth.

10.    List three liabilities that you or your parents might have:

a.

b.

c.

11.    How is net worth determined?

12.    What is the purpose of having a budget?

13.    What is an investment?

14.    In determining how much risk you can handle in your investments, why is the length of     time you will have the investment important?

15.    List these three items in order of risk, from highest to lowest:  cash, stocks, bonds:

a.   Highest risk:

b.   Medium risk:

c.    Lowest risk:

16.    What is the difference between a basic savings account and a certificate of deposit?

17.    What is a bond?

18.    What are the two ways stockholders can earn money on their investments?

19.    Play Peanuts and Crackerjack.  Tell one thing you learned about economics.

Bonus:  Go to SavingsQuest.  Take the tour, then grab a partner.   See which of you can achieve their savings goals the quickest.  If it’s you, you get five extra points!

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 Pat Reed, St. John Fisher School, Chicago, IL