Economics and Scarcity Quiz

Economics and Scarcity Quiz

4th Grade

5 Qs

quiz-placeholder

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Economics and Scarcity Quiz

Economics and Scarcity Quiz

Assessment

Interactive Video

Social Studies

4th Grade

Easy

Created by

Ryse Roerig

Used 1+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of economics?

How to invest in stocks

How to make money

How to save money

How to use resources to meet wants and needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does scarcity force us to do?

Make choices about resource use

Save all resources

Ignore our needs

Spend more money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At the micro level, who is affected by scarcity?

Schools

Businesses

Governments

Individuals and families

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a micro-level decision?

Deciding national defense budget

Choosing between car repairs or buying a new car

Allocating funds for education

Setting interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do political leaders discuss at the macro level?

Personal savings

Family budgets

National spending priorities

Local community projects