Chap. 4 The Nation's Economy E.4.5.1-4.5.3  & E.4.6.1-4.6.3

Chap. 4 The Nation's Economy E.4.5.1-4.5.3 & E.4.6.1-4.6.3

4th Grade

25 Qs

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Chap. 4 The Nation's Economy E.4.5.1-4.5.3  & E.4.6.1-4.6.3

Chap. 4 The Nation's Economy E.4.5.1-4.5.3 & E.4.6.1-4.6.3

Assessment

Quiz

Social Studies

4th Grade

Easy

Created by

Lorna Calvo-King

Used 3+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or a company who makes a good or service to sell to others is known as a _________.

free enterprise system

producer

consumer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or a company who buys a good or service is known as a _________.

consumer

market economy

producer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________ is one in which producers have the right to create any goods or services they want.

command economy

free enterprise system

market economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for a free enterprise system is a ___________.

command economy

government

market economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a _________, the government decides what goods and services can be made or sold.

command economy

free enterprise system

market economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The land, homes, stores, and goods that people or companies own is a _________.

consumer

public property

private property

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ is the type of money used in a particular place.

Barter

Currency

Inflation

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