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4th Grade Economics Flashcards | StudBud

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What is "supply" in economics?

Demand in economics is a measure of...

4th Grade Economics

10 terms·StudBud Administration·6,637 plays

This quiz is designed for quizzing 4th grade students on the very basics of economics.

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Questions 10

Answers

1
Demand in economics is a measure of...
What people need
Yelling when you want someone to do something
What people want
Not a thing
2
What is "supply" in economics?
Where a product is located
How much a product costs
How much of something that people want
How much of something that is available
3
What does it mean if you are interdependent?
To rely on someone for something you need
To give someone someone something they need
Not relying on anybody for anything
4
This is something you can use or consume
A good
A service
Food
Video Games
5
A rise in prices relative to money available is called...
Supply
Increase
Need
Inflation
6
A want is...
Something you would like to have
Something you have to have
7
A need is
Something you have to have
Something you would like to have
8
A service in economics is...
Something that someone does for you
Something that happens at a church
Something you can use or consume
What starts a volleyball match
9
What does it look like to work as a team?
Listening to each other
All of the Above
Encouraging each other
Picking each other up
10
Something is _______ if there is very little of it.
Scarce
Interdependent
Common
Valuable