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Economics Handbook

Authored by Jennifer Hanly

Social Studies

4th Grade

Used 1+ times

Economics Handbook
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes objects that people buy or use, such as books and computers?

goods

services

exports

imports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jobs that people do for others is called a __________________.

export

specialization

service

import

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country's system for making, distributing, and using goods and services is called its ________________.

economy

capitalism

competition

specialization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nations, companies, and individuals use their education, talent, and resources to provide unique goods and services. This is called _______________________.

specialization

capitalism

goods

imports

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exports are goods a country sends to other countries for sale.

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imports are goods a country allows in from other countries for sale.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economy does the US have?

a government run economy

a free market economy

a competitive economy

goods and services

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