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Nancy works in a restaurant where she receives tips. Receiving tips is an example of which economic activity?
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Which is an example of earning?
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Tom borrowed $100 from a friend to buy items he needed for work with a retail value of $300. When he gets his paycheck, he will have enough money to pay his debt. This illustrates:
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Which is an example of responsible earning?
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Which is an example of saving?
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Which is an example of responsible borrowing?
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Susan is going to obtain a loan to buy a stereo system. This is an example of which economic activity?
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
Rick cannot afford to buy Christmas gifts for everyone in his family. This illustrates
Mary put money in a bank account.
wise use of credit to extend a person's buying power
borrowing
Dorothy kept her part-time job until she could find another so she could meet her monthly expenses
Sam sold things he made at a flea market
the Law of Scarcity
earning
Ed accepted a loan from his uncle because he knew he could pay it back.
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