Chapter 4 Economy

Chapter 4 Economy

4th Grade

13 Qs

quiz-placeholder

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Chapter 4 Economy

Chapter 4 Economy

Assessment

Quiz

English

4th Grade

Practice Problem

Hard

Created by

Nicholas Ledoux

Used 5+ times

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13 questions

Show all answers

1.

MATCH QUESTION

1 min • 4 pts

Match the following important vocabulary from Chapter 4.

the amount a company can produce with a certain amount of labor.

incentives

new inventions or ways of doing things.

innovations

the process of hiring people to work outside of a company.

Productivity

things that encourage us to take action, such as making a purchase (think reward points or sales)

Outsourcing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Chapter 4 Lesson 1

In a command economy, the government decides what goods and services can be made and sold. How is this different from a market economy/free enterprise system?

In a market economy, consumers decide which goods and services to produce

In a market economy, producers decide which goods and services to produce

In a market economy, only goods and services that have a high demand are produced.

In a market economy the government works with consumers to decide which goods and services will be produced.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Chapter 4 Lesson 4

What is one example of interdependence in a global economy?

a woman who builds a bicycle using parts from old bicycles that she has collected over the years.

a farmer who grows fruits and vegetables and then takes them to sell at a local farmers' market

a person who builds houses using lumber and bricks from houses that have been torn down.

a company produces televisions using parts from all over the world.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Chapter 4 Lesson 2

What do most people need in order to provide for their needs and wants?

an income

inflation

special skills

incentives

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Chapter 4 Lesson 3

How can students increase their chances of finding a job after they finish school?

by taking out a loan and starting a business

by finding investors to support a new compnay

by continuing to study and learn new skills

by using their savings to buy stocks, or a portion of a company?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Chapter 4 lesson 1

Which is an example of the government providing a public good?

using the armed forces to protect our country

providing students with an education

offering mail delivery

paying to build a school

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Chapter 4 lesson 2

How is bartering different from paying money for a good or service?

Bartering trades one type of good or service for another. No money used.

Bartering involves buying a good or service only when incentive is offered.

Bartering uses money for goods and a rade for services.

Bartering is used only when supply o fa good is greater than its demand.

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