Ch. 4 - Economics Grade 4 (Pearson)

Ch. 4 - Economics Grade 4 (Pearson)

4th - 5th Grade

18 Qs

quiz-placeholder

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Ch. 4 - Economics Grade 4 (Pearson)

Ch. 4 - Economics Grade 4 (Pearson)

Assessment

Quiz

Social Studies

4th - 5th Grade

Practice Problem

Medium

Created by

Priscilla Drown

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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