Economics

Economics

4th Grade

21 Qs

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Economics

Economics

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Stacy Goodrich

Used 139+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not having enough of something.

incentive

scarcity

human resources

division of labor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rewards or penalties used to encourage people to behave in predictable ways.

human resources

division of labor

economics

incentives

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Workers and their skills.

human resources

division of labor

scarcity

consumer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the production of a job is broken down into many small jobs, each done by a different worker.

incentives

division of labor

human resources

supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when you make a choice, this is the second thing that you wanted the most.

specialization

economics

demand

opportunity cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how individuals and societies use their scarce resources to get goods and services.

economics

producer

demand

competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The kind of economic system that we have in our country. the "three big questions" are answered through the interaction of producers and consumers. The seller expects to charge as much as the buyer is willing to pay without looking for another seller and a less expensive price.

command economy

competition

demand

market economy

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