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Worksheets4th Grade Economics Review
Total questions: 40
Worksheet time: 20mins
Which term means to give money to the bank?
barter
currency
opportunity cost
deposit
Which term means Trading without using money?
resource
barter
interdependence
scarcity
Which term means a country's system of money?
currency
specialization
deposit
resource
Which term means making one kind of good or service?
opportunity cost
specialization
interdependence
scarcity
Which term means not having enough of something?
resource
currency
scarcity
barter
Which term means anything used to produce goods?
resource
interdependence
deposit
opportunity cost
Which term means depending on others to produce things that you need?
opportunity cost
specialization
scarcity
interdependence
Which term means the thing you give up when you buy something else?
barter
deposit
opportunity cost
specialization
Which list shows only needs?
nail polish, television, sweater
sweater, water, apple
shoes, shirt, necklace
water, shirt, nail polish
When you go to the store and buy a bag of potato chips, you are a:
producer
consumer
natural resource
human resource
Which is an example of bartering?
Tim gave his cookie to Rita. Rita gave Tim an apple in exchange.
Lisa washed Mrs. Daniel's car. Mrs. Daniel paid Lisa $5.
Becky's mother wrote a check for groceries at the grocery store.
Mary gave Susan a present for her birthday.
Which item is not a service?
haircut
piano lessons
car wash
a pack of gum
In July, a store is running low on sunscreen. What is the supply and demand for sunscreen?
high demand and high supply
high demand and low supply
low demand and high supply
low demand and low supply
In November, what will probably happen to the price of Halloween costumes?
The price will go up.
The price will go down.
The price will stay the same.
How does advertising affect the demand for a product?
Advertising makes the demand go up.
Advertising makes the demand go down.
Advertising doesn't change the demand for a product.
What happens when you borrow money from the bank?
The bank pays you Interest.
You make a deposit in the bank.
You pay the bank interest.
The bank has to pay someone else interest.
Tea leave do not make a good form of money because tea leaves are not:
portable
divisible
durable
Giant rocks do not make a good form of money because giant rocks are not:
portable
divisible
durable
What is a loonie?
A kind of money that was used in ancient China.
The kind of paper that Mexican money is printed on.
The nickname of an 11-sided coin from Canada
A person who does not want to barter with another person.
The United States is the only country in the world that has money called dollars.
True
False
Canadian money is printed on plastic paper called polymer.
True
False
All of the countries in the Caribbean use the same kind of currency.
True
False
Canadian, Mexican, and East Caribbean money all have pictures of Queen Elizabeth.
True
False
Mexican bills are different lengths to make them easy to tell apart.
True
False
Using money makes getting the things you need much easier.
True
False
Eggs are a:
Natural Resource
Human Resource
Capital Resource
An oven is a:
Natural Resource
Human Resource
Capital Resource
A spoon is a:
Natural Resource
Human Resource
Capital Resource
A baker is a:
Natural Resource
Human Resource
Capital Resource
Butter is a:
Natural Resource
Human Resource
Capital Resource
A mixer is a:
Natural Resource
Human Resource
Capital Resource
A chef is a:
Natural Resource
Human Resource
Capital Resource
The United States send oranges to Costa Rica is an example of what?
Import
Export
The United States gets bananas from Costa Rica is an example of what?
Import
Export
Mark sets up a lemonade stand in his yard.
Producer
Consumer
Teresa buys a candy bar at the store.
Producer
Consumer
Logan is baking a cake for a friend's birthday.
Producer
Consumer
Jackie is eating an apple for lunch.
Producer
Consumer
Barbara is reading a book.
Producer
Consumer
Joe earned $10 for washing his dad's car.
Producer
Consumer
