1. A producer is ______.

A. anyone who buys a good or a service

B. money you make

C. anyone who makes a good or does a service

2. A profit is ______.

A. any money you make from a business

B. money you lose

C. money you pay for supplies

3. A consumer is ______.

A. anyone who make a good or does a service

B. anyone who buys a good or a service

C. anyone who works for you

4. A loss is____.

A. money that you make.

B. money that you have saved since you were 5

C. money that you lose

5. Johnny opened a lemonade stand. He had 5 dollars to begin with. He paid 2 dollars for lemons, 2 dollars for sugar, and he bought a pitcher for 1 dollar. He made 6 dollars profit and 1 dollar loss. How much money did Johnny make?

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6. Johnny opened his lemonade stand again after he spent all of his money. This time he made 10 dollars profit. Then he lost 5 dollars. He bet 2 dollars that his George would beat Amanda in arm wrestling. George lost. Johnny therefore lost 2 dollars more. How much money does Johnny have?

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***EXTRA***

Try running your own lemonade stand. See how much money you can make. GOOD LUCK!!!