Chapter 4 Test Review
Authored by Breanna Dematteo
Social Studies
4th Grade
Used 76+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is a rise in the prices of many goods and services it is called:
incentives
advertising
inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of a product that businesses have to sell is the:
incentive
supply
demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The type of money used in a particular place is the:
currency
income
export
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks pay people with a savings account a fee called ________________.
profit
barter
interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: The government decides what goods or services to sell in a free market system.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Opportunity Cost is the money a business has left over after it pays all its costs.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Exports are goods that are shipped to another country to be sold.
True
False
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