Economic Activities in Texas

Economic Activities in Texas

4th Grade

10 Qs

quiz-placeholder

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Economic Activities in Texas

Economic Activities in Texas

Assessment

Quiz

Social Studies

4th Grade

Hard

Created by

Kerimi Thompson

Used 30+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1848, a settler in San Antonio built a mill for grinding corn and allowed people to pay for the service with a portion of their ground corn. What is the key characteristic of a free enterprise system demonstrated in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1843, a settler in the Dallas area captured wild mustang horses, trained them, and sold them to the Army and settlers for a profit. What is the key characteristic of a free enterprise system demonstrated in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a suburb of a large Texas city, a person is only allowed to do business at one bank in the area according to the city government officials. What characteristic of a free enterprise system is being denied in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1878, a farmer in West Texas decided to charge a toll or fee for each group of cattle crossing his land. What is the key characteristic of a free enterprise system demonstrated in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1920, a person in Austin started a taxi business using their newly purchased Ford Model T car. However, the county officials did not allow them to charge a fee for their services. What characteristic of a free enterprise system is being denied in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1942, during World War II, a person with beehives increased the price of honey due to the rationing of sugar. What is the key characteristic of a free enterprise system demonstrated in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1862, a person in Dallas had the best place to cross the Trinity River at their property and wanted to build a ferry. However, the county officials would run the ferry and set the fees, giving the person almost no profit or income. What characteristic of a free enterprise system is being denied in this scenario?

Voluntary exchange

Profit motive

Economic freedom

Private property

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