1st grade · Social Studies · Unit 7 of 8
Earning, Saving & Sharing
How families earn, choose, save and trade.
What your child practices
Practices how people earn income, why families save, sharing and bartering, choosing between needs and wants, and natural, human and capital resources.
Oregon State Standards learning standard: 1.E.ES.1; 1.E.ES.2; 1.E.IC.3; 1.E.MI.4 · sources of income, choices about money, needs and wants, and buyers and sellers
Sample questions
A taste of this unit. In the app, questions change every time and get easier or harder to match your child.
Question 1
Sharing a toy with a friend means you…
- keep it hidden
- break it
- both get to use it
both get to use it
Hint: Sharing lets more people enjoy things.
Question 2
A family has money for only one thing. What comes first?
- a movie
- food
- a new toy
food
Hint: Needs come before wants.
Question 3
Zoe trades her apple for Noah's orange. That is…
- saving
- voting
- bartering
bartering
Hint: Bartering is trading one thing for another.
Question 4
Which one is a want?
- clean water
- a new skateboard
- food
a new skateboard
Hint: Wants are nice, but we can live without them.
Question 5
Why might a family save money?
- to throw it away
- for something they need later
- to forget it
for something they need later
Hint: Saving helps families plan ahead.
Question 6
Money that a family gets is called…
- income
- a bill
- a choice
income
Hint: Income is money coming in.