SS Economics Quiz

SS Economics Quiz

4th Grade

21 Qs

quiz-placeholder

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SS Economics Quiz

SS Economics Quiz

Assessment

Quiz

Social Studies

4th Grade

Easy

Created by

Janareau Murray

Used 4+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that can be touched are

goods

services

price

profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Work that does not produce something you can touch is a

good

service

price incentive

profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________________ means we have a limited supply of resources.

Debt

Scarcity

Tax

Labor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Those who make a good or provide a service are

consumers

producers

bosses

customers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Those who buy goods and services are

consumers

producers

providers

entrepreneurs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________________________ is what you give up in order to get something else.

Specialization

Price incentive

Opportunity Cost

A tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________________________is when price encourages consumers to buy or producers to sell.

loan

tax

price incentive

budget

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