final exam for D1.

final exam for D1.

4th Grade

25 Qs

quiz-placeholder

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final exam for D1.

final exam for D1.

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Hard

Created by

Noble Teacher

Used 1+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does scarcity exist?

Each year workers tend to produce less than previously 
Machines wear out in time
There are not sufficient resources to meet everyone's wants
There is a limit to people's wants 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why will scarcity continue to be a problem in the future?

Prices will rise
Resources will always be finite 
Needs will decrease in the future 
World population will fall 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A need is

something we have to have in order to survive
something we have to have to make our life better

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A want is

something we have to have in order to survive
something we would like to have to make our life better

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not an example of a need

water
clothing
a holiday abroad
shelter

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how people seek to not satisfy their needs and wants by making bad choices.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the fundamental problem of economics? 

How to keep consumers out of debt

How to fulfill our limited wants and needs with unlimited resources

How to fulfill our unlimited wants and needs with limited resources

How to figure out the way to make the most money

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