Economics 4th Grade

Economics 4th Grade

4th Grade

26 Qs

quiz-placeholder

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Economics 4th Grade

Economics 4th Grade

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Reece Tiffany

Used 36+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of a natural resource?

factories

doctors

water

money

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of capital resources

oil

factories

doctors

water

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of human resources?

money

factories

water

doctors

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Within a market economy, consumers do which of the following?

set their own tax rates

shop around for the best value

shop exclusively at specialty markets

spend their money only in the United States

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the three characteristics of a market economy?

competition, business, and buyers

specialization, sellers, and supply

consumer sovereignty, competition, and private property rights

incentives, producers, and profit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a business makes more money than it takes to run the business, what is the extra

money called?

producers

tax

profit

incentives

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is it called when more than one business sells the same goods or services?

competition

demand

resources

income

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