Economics in a Market Economy

Economics in a Market Economy

4th - 5th Grade

26 Qs

quiz-placeholder

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Economics in a Market Economy

Economics in a Market Economy

Assessment

Quiz

Other

4th - 5th Grade

Practice Problem

Medium

Created by

MARY HERRMANN

Used 29+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A very small supply

Scarcity

Profit

Opportunity Cost

Tax

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The study of how resources are used to satisfy peoples wants and needs.

dictionary

economics

geography

civics

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Money or value gained after all the costs of production have been paid.

Loss

Supply

Profit

Tax

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Money that the government collects from individuals and businesses to pay for public goods and services

Profit
Tax
Service
Loss

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The people who do the labor. Anyone who works.

human resource

renewable resource

natural resource

capitol resource

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How much there is of a good or service.

Incentive
Supply
Demand
Loss

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Resources found in nature like land, fuel, water and minerals are

human resources

natural resources

nonrenewable resources

capital resources

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