Free Enterprise

Free Enterprise

4th Grade

10 Qs

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Free Enterprise

Free Enterprise

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Medium

Created by

EMMA ROSA

Used 154+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In the United States, you may_______________.

start your own business to meet a need
decide what fees to charge for a service or product
own and run any business as long as the laws are obeyed
all of the answers are correct

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In the American Free Enterprise System, you have the right to buy or sell private property.

True
I do not believe that people should own property, or have the right to buy or sell it.
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Everyone in today's technological world uses____________

telecommuting
cell phones
financial resources
information

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money a business earns when selling a good

Profit

Consumer

Entrepeneur

Competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Long ago, all books were copied by hand. Making new copies was a lot of work and took a long time. But the invention of the printing press made copying books faster and easier. What happened to the overall supply of books after the printing press was invented?

The supply went up.

The supply went down

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?

The demand will probably go up

The demand will probably go down

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person who grows, makes or sells products is a …………..

producer

consumer

goods

business

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