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Worksheets4th Grade Economics
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
What do we call a way people use a region's resources?
a)
economy
b)
supply
c)
demand
d)
scarcity
2.
In a market economy
a)
the government tells people what businesses they can run
b)
other businesses tell people what to make and how to make it
c)
the government keeps all the profits people make from their business
d)
people decide what to make, how to make it and how to sell it
3.
What is one problem the United States faces when trading with other regions?
a)
there is no way to move products from region to region
b)
it is hard to communicate with people from other regions
c)
the weather can make it difficult to trade at times
d)
different regions use different types of money
4.
Farmers in Arizona need corn to feed the cattle. Which region grows a lot of corn that could supply their farms?
a)
Eastern
b)
Southern
c)
Midwestern
d)
Western
5.
There was a drought and only half of the pumpkins survived. At Halloween there will be a/an
a)
low demand for pumpkins
b)
abundance of pumpkins
c)
scarcity of pumpkins
d)
need for fewer pumpkins
6.
When there is high demand, prices will _______.
a)
fall
b)
rise
7.
What might happen when there is a scarcity of a product?
a)
the price goes down
b)
the price goes up
c)
the product is not sold until demand goes down
d)
the supply increases
8.
What is one reason the United States imports products from other countries?
a)
the United states does not have enough machines to make the products
b)
other countries force the United States to import their products
c)
the United States does not have the resources to make the products
d)
other countries have extra
9.
When there is too much of a product the prices will ___________.
a)
rise
b)
fall
10.
What do we call the study of how a place uses its resources and makes and sells products?
a)
supply
b)
demand
c)
economy
d)
economics
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