Want to see correct answers?
Login or join for free!
  Social Studies Worksheets
Looking for Social Studies worksheets?
Check out our pre-made Social Studies worksheets!
Share/Like This Page
Filter By Grade

Fourth Grade (Grade 4) Economics Questions

You can create printable tests and worksheets from these Grade 4 Economics questions! Select one or more questions using the checkboxes above each question. Then click the add selected questions to a test button before moving to another page.

Previous Page 1 of 4 Next
Grade 4 Economics
The way people in a state or country use resources to meet their needs.
  1. Economy
  2. Earth
  3. Environment
  4. People
Grade 4 Economics
                is an economic condition that exists when demand is greater than supply.
  1. Scarcity
  2. Competition
  3. Demand
  4. Overflow
Grade 4 Economics
To be successful a business must produce
  1. goods but not services
  2. goods and services using mostly human resources
  3. goods and services that people want
  4. goods and services with a high price
Grade 4 Economics
                is an economic condition that exists when demand is greater than supply.
  1. scarcity
  2. competition
  3. demand
  4. overflow
Grade 4 Economics
Land, fuel, water and minerals are this kind of resource:
  1. Human Resources
  2. Capital Resources
  3. Natural Resources
Grade 4 Economics
Workers are this kind of resources
  1. Human Resources
  2. Capital Resources
  3. Natural Resources
Grade 4 Economics
Money, buildings and equipment are this kind of resources:
  1. Human Resources
  2. Capital Resources
  3. Natural Resources
Grade 4 Economics
                is the amount of a product or service that is available.
  1. profit
  2. supply
  3. demand
Grade 4 Economics
                is the amount of a product or service that people want and are willing to pay for
  1. profit
  2. supply
  3. demand
Grade 4 Economics
Things that you must have to survive are called         needs        
Grade 4 Economics
When people buy and sell their products in other countries they are part of
  1. a global economy
  2. a local economy
Grade 4 Economics
The kind of industry when people are paid to do things for other people.
  1. Service Industry
  2. Profit Industry
  3. Manufacturing Industry
Grade 4 Economics
Doctors, nurses, lawyers and plumbers are example of what kind of industry:
  1. Service Industry
  2. Manufacturing Industry
Grade 4 Economics
When you barter you are trading a good or service directly for another good or service, without using money or credit.
  1. True
  2. False
Grade 4 Economics
Money a business earns after it pays for supplies, tools, salaries, and other costs is called a                .
  1. investor
  2. profit
  3. retail trade
  4. money
Grade 4 Economics
The global economy is the world market in which people and businesses from different countries buy and sell their products.
  1. True
  2. False
Grade 4 Economics
An extra reason to purchase something is called a(n)                 .
  1. need
  2. incentive
  3. opportunity cost
  4. market economy
Grade 4 Economics
The money a business earns after it pays its expenses is its               .
  1. business
  2. profit
  3. history
  4. investor
Grade 4 Economics
Natural, capital and human resources are called the factors of this:
  1. economy
  2. production
  3. profit
Grade 4 Economics
                Resources are human-made goods, tools, machines and buildings used to produce other goods and services. The availability of these goods reflects the state of technology and resources invested in research. Tools and machines used in production may be referred to as capital equipment.
  1. Capital
  2. Human
  3. Natural
Previous Page 1 of 4 Next
You need to have at least 5 reputation to vote a question down. Learn How To Earn Badges.