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- 1. Multiple Choice
If there is not enough of something to go around for all people who want it, it is called _.
berter
scarcity
entrepreneur
- 2. Multiple Choice
What is barter?
doing the work
trading something of value for something else without the use of money
using thing from nature
- 3. Multiple Choice
Choose two needs (things people must have to live).
food
shoes
shelter
a huge housre
- 4. Multiple Choice
Name two things that are not needs.
food
shelter
a huge house
new shoes
- 5. Multiple Choice
What is the cost of running a business called?
expenses
needs
profit
- 6. Multiple Choice
The reason people start businesses is to _.
have fun
make a profit
get food
- 7. Multiple Choice
Choose three capital resources in the story.
kitchen
chicks
oven
towels
bowl
- 8. Multiple Choice
What happened first in the story?
The Little Red Hen baked the bread.
The Little Red Hen fed bread to her chicks.
The Little Red Hen bartered her eggs for wheat.
The Little Red Hen took the wheat to the mill to be made into flour.
- 9. Multiple Choice
What happened 2nd in the story?
She baked the bread.
She fed bread to her chicks.
She bartered her eggs for wheat.
She took the wheat to the mill to be made into flour.
- 10. Multiple Choice
What happened 3rd in the story?
She baked the bread.
She fed bread to her chicks.
She bartered her eggs for wheat.
She took the wheat to the mill to be made into flour.
- 11. Multiple Choice
What happened last in the story?
She baked the bread.
She fed bread to the chicks.
She bartered her eggs for wheat.
She took her wheat to the mill to be made into flour.
- 12. Multiple Choice
People (or hens) who take risks to start their own businesses are called _.
scarcities
human resources
entrepreneurs
- 13. Multiple Choice
What was the Little Red Hen's "profit" in this story?
feeding her chicks
paying her expenses
making money
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