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grade 4 UAE checkpoint 4 (year2021)

Total questions: 10

Worksheet time: 30mins

Name
Class
Date
1.

Resource

something a person can have and use when needed, like

a)

space,

and materials

b)

time,

c)

money,

d)

all above

2.

Resource

a)

A type of book

b)

Something a person can have

c)

A pancake topping

3.


when there is not enough of something

a)

plenty

b)

Scarcity

c)

choices

4.

Scarcity

a)

When there is not enough of something

b)

A city in North Carolina

c)

When you're scared

5.


the amount of something available to be bought

a)

Supply

b)

resources

c)

demand

6.

Supply

a)

The amount of something available to be bought

b)

An African animal

c)

all above

d)

non above

7.


how much people want to buy something

a)

goods

b)

supply

c)

Demand

d)

services

8.

Demand is

a)

answer choices

b)

How much people want to buy something

c)

The most important person

9.

What happens if you have a rare football trading card? Your friends really want that card. The supply of that card is low, while demand for it is high. What will happen to the price of the card?

a)

The price will go up.

b)

The price will go down.

c)

all above

d)

non above

10.

Lucas fixes his friend's sink. He is providing a _____________. answer choices

a)

trade

b)

opportunity cost

c)

product

d)

service