What is another way to describe a free market?
Social Studies Chapter 1 Lesson 4 Weekly Quiz

Quiz
•
Social Studies
•
4th Grade
•
Medium
michael murray
Used 2+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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)
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
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
What is a synonym for products?
goods
bads
services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
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
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.
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