Economics Flashcard - Unit Assessment (4th Grade)

Flashcard
•
Social Studies
•
4th Grade
•
Easy
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19 questions
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1.
FLASHCARD QUESTION
Front
If the price of an item is extremely high, how is the consumer most likely to react if he must have the item today?
Back
The consumer purchases a similar item at a lower price.
2.
FLASHCARD QUESTION
Front
Which of the following is not a service? a) hair stylist, b) automobile mechanic, c) pet groomer, d) potato chips
Back
potato chips
3.
FLASHCARD QUESTION
Front
Which of the following is an example of a natural resource? a) chairs, b) water, c) teacher, d) scissors
Back
water
4.
FLASHCARD QUESTION
Front
Which of the following is an example of a capital resource? a) assembly line, b) police officer, c) oil, d) bus
Back
assembly line
5.
FLASHCARD QUESTION
Front
Which of the following is an example of a human resource? a) baker, b) table, c) wind, d) money
Back
baker
6.
FLASHCARD QUESTION
Front
In a market economy, consumers can do which of the following? a) set their own income, b) spend their money in only the United States, c) shop in different places to find the best value for their money, d) shop only at one store
Back
shop in different places to find the best value for their money
7.
FLASHCARD QUESTION
Front
The assembly line changed the way cars were made. It allowed manufacturers to
Back
decrease the amount of time it takes to build a car
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