Social Studies Chapter 1 Lesson 4 Weekly Quiz

Social Studies Chapter 1 Lesson 4 Weekly Quiz

4th Grade

8 Qs

quiz-placeholder

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Social Studies Chapter 1 Lesson 4 Weekly Quiz

Social Studies Chapter 1 Lesson 4 Weekly Quiz

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

michael murray

Used 2+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is another way to describe a free market?

People and businesses use money as a tool in a market economy.

Every product and service is free (you don't have to pay for it!).

People and business don't use money.

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

In a market economy, what roles might a government have? (Choose more than one)

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3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

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These doctors and nurses work in a hospital emergency room.

What do they provide? (Choose TWO)

a product

a service

labor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is a synonym for products?

goods

bads

services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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How do you describe when money flows between business and individuals?

the circular flow of money

the falling flow of money

the flow of a money river

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Complete this sentence:

"The supermarket has a lot of eggs to sell. They have a large ___ of eggs."

supply

demand

consumer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Complete this sentence:

"Thousands of people want to buy the new PS5 game console. There is a huge ___ for the PS5."

supply

demand

goods

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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My company sells Kewpie Dolls.
I have a HUGE supply of the dolls in my factory, but almost nobody wants to buy them! There is very little demand for them.

What will happen to the price of my Kewpie Dolls?

The price will go up.

The price will go down.

The price will stay the same.