Economics

Economics

4th Grade

18 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Alexis Thomas

Used 151+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Workers are paid ______________________ for the work they do.

export

import

wages

profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________________ is a term used to describe a very low supply.

producer

Scarcity

bartering

consumer

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A form of trade in which goods are services are traded for something other than money is called _________________________.

factory

export

import

bartering

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______________________ is someone who makes or sells a product.

producer

consumer

good

service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______________________ is someone who buys a good or service.

consumer

producer

factory

scarcity

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount of money that is left after all of the overhead has been paid is known as the ________________________.

producer

profit

import

export

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

To ______________________ means to buy goods and services from sellers in other countries.

export

factory

import

profit

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