4th grade Texas Economic Quiz

Which of the following was an economic activity used by early American Indian groups in Texas to meet their needs?

• Building skyscrapers

• Farming

• Mining for oil

• Manufacturing cars

What is one way early American Indian groups in Texas obtained food?

• Online shopping

• Hunting

• Importing from other countries

• Fishing with nets only

Which economic activity did early settlers in Texas use to meet their needs and wants?

• Trading goods

• Using credit cards

• Working in factories

• Mining gold

What is the free enterprise system based on?

• Government control of all businesses

• Supply and demand

• Only one company selling products

• No competition

Which of the following is a benefit of the free enterprise system?

• No choices for consumers

• Choice and opportunity

• Only one type of product

• No competition

How did the growth of cash crops by early colonists help develop the free enterprise system in Texas?

• It created more government jobs

• It allowed people to trade and sell crops for profit

• It stopped all trade with other states

• It made everyone grow the same crop

What major event helped the free enterprise system grow in Texas?

• The railroad boom

• The invention of the internet

• The discovery of gold in California

• The building of the Great Wall

Which of the following is an example of trading among early American Indian groups in Texas?

• Trading animal skins for food

• Trading cars for houses

• Trading computers for books

• Trading oil for gold

Why did early settlers in Texas farm the land?

• To build amusement parks

• To meet their needs for food

• To create more cities

• To mine for diamonds

What does "supply and demand" mean in the free enterprise system?

• The government decides what is sold

• The amount of goods available and how much people want them

• Only one person can sell a product

• Everyone gets the same amount