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Economy

Authored by Susan Blackwell

4th Grade

Used 1+ times

Economy
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The U.S. has which type of economy?

command

money market

free enterprise

free command

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a command economy?

the consumer decides what will be produced

the producer decides what will be produced

the government lets the producer decide

the government decides what will be produced

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is important to California's economy?

mining

entertainment

manufacturing

agricultural

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of barter?

banish

type of money

trade

inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long ago, _______ and _______ were used as money.

seashells, paper

paper, bits of metal

bits of metal, belts

seashells, bits of metal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is profit?

money a business has after it pays all its costs

the rise in the usual price of goods

to take and use something with the agreement of returning it later

to trade one good for another

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do entrepreneurs start businesses?

To hire workers

important companies were started by them

they believe their ideas can make money

if the quality is not good business will shut down

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