Match the correct word or phrase in the correct
spot in the graphic organizer.
Social Studies Chapter 4
4th Grade
•20 Qs
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Social Studies Chapter 4
Passage
•
English
•
4th Grade
•
Medium
Dorrie Baker
Used 6+ times
FREE Resource
20 questions
Show all answers
1.
CLASSIFICATION QUESTION
3 mins • 1 pt
Groups:
(a) Goods
,
(b) Services
Video games
Shoes
Babysitting
Trumpet lessons
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which idea BEST completes the Venn diagram? What goes in BOTH (the middle)?
offer services
produce goods
consume goods and services
produce and consume goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A woman who owns a business in which the government sets the prices operates in a __________.
market economy
command economy
free enterprise system
private property system
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another reason money is used instead of bartering in modern economies?
It is uniform.
It can be loaned by a bank.
It is important to our history.
Its value changed depending on inflation.
5.
DROPDOWN QUESTION
1 min • 1 pt
If the supply of a product is low and the demand for that product is high, then the price of the product will (a) .
rise
fall
stay the same
6.
DROPDOWN QUESTION
1 min • 1 pt
The business may respond by increasing the supply, but if the supply becomes greater than the demand, the price of the product will (a) .
fall
rise
stay the same
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which effect best completes the graphic organizer?
the business raises the price of the product
the business creates an entirely new product
the business decreases the supply of the product
the business keeps the price of the product steady
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