
Ch. 4 - Economics Grade 4 (Pearson)
Authored by Priscilla Drown
Social Studies
4th - 5th Grade
Used 179+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which items are "goods"?
car salesman, nurse, teacher
car, refrigerator, bicycle
car, medicine, doctor
police officer, governor, newspaper
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which items are "services"?
car salesman, nurse, teacher
car, refrigerator, bicycle
car, medicine, doctor
police officer, governor, newspaper
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The USA operates in a ________________ economy.
demand
market
command
supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What sector of the economy includes actors?
service sector
tourism sector
entertainment sector
manufacturing sector
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a free enterprise system, what is the answer to the economic question, "how should goods and services be produced?
The should be produced by the government.
The should be produced by the largest sector.
They should be produced by the producers in the market.
The should be produced by the consumers in the market.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If supply of a product is low and demand high the price will probably ______________.
fall
stay the same
rise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply of a product is greater than the demand the price of the product will probably _____________.
fall
stay the same
rise
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