Economics Berryhill

Economics Berryhill

4th Grade

10 Qs

quiz-placeholder

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Economics Berryhill

Economics Berryhill

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Nichole Berryhill

Used 75+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you give up to get something else

expense

opportunity cost

income

voluntary exchange

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

materials and people used to create goods and services

productive resources

scarcity

budget

trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what you gain as the result of a decision you make

trade

opportunity cost

benefit

expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

both sides trade goods and services willingly

specialization

budget

benefit

voluntary exchange

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money that is earned

income

budget

materials

plans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a plan of how to use income

exchange

options

budget

scarcity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when people use productive resources that are most abundant to produce what they do best

specialization

trade

production

voluntary exchange

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