4th Grade Economics

4th Grade Economics

4th Grade

10 Qs

quiz-placeholder

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4th Grade Economics

4th Grade Economics

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Medium

Created by

Maria Ash

Used 23+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SERVICES are...

a business that holds and loans money.

things you do for people.

things that people use.

laws.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GOODS are...

a business that holds and loans money.

things you do for people.

things that people use.

laws.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Economics, who are the producers?

People who USE goods and services.

People who PROVIDE goods and services.

People who MAKE LAWS for economics.

People who ENFORCE restrictions on goods and services.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Economics, who are the consumers?

People who USE goods and services.

People who PROVIDE goods and services.

People who MAKE LAWS for economics.

People who ENFORCE restrictions on goods and services.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A producer needs 3 resources:

Capital, State, & Federal Resources

Glass, Metal, & Plastic Resources

Natural, Human, & Capital Resources

Strength, Power, & Water Resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the goal of a producer or business?

To have competition.

To break even (spend as much as they make).

To deal with stress.

To make a profit (make more money than they spent).

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the goal of a consumer?

To make money (get a job) to buy the things they need and save.

To stay healthy (eat right, workout, drink water.)

To stay organized at home, school, and work.

To prepare the laws for businesses to run correctly.

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