An example of a negative incentive is.....

Losing technology for not cleaning your room

When someone is unemployed who suffers?

All of the these answers are correct!

What are the purposes of taxes?

Money the government collects for public goods and servies

What is an example of a consumer?

Mom who buys the groceries for her family

Scarcity can be defined as....

Not having enough of what the people want

What does division of labor mean?

Breaking a larger job into smaller jobs

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4th Grade Economics basics skills

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Questions 20

Answers

1
An example of a negative incentive is.....
Earning Husky Hall of Famer
Losing your homework
Clipping up for helping the teacher
Losing technology for not cleaning your room
2
When two businesses offer the same service this is an example of ..(example Kroger and Meijer)
Economy
Producer
Competition
Friendship
3
When someone is unemployed who suffers?
The person who is unemployed
Their Family
All of the these answers are correct!
The Country as a whole
4
A person who does not have a job is unemployed.
True
False
5
What are the purposes of taxes?
Money the government collects for public goods and servies
To make people angry
Make sure no one person has too much money.
To fund private companies
6
What is the name of a person who currently has a job?
Unemployed
Stay at home Mom
Employed
Labor Force
7
Profit can be described as...
Two companies competing against one another for business.
The cost of a new car
The price tag on a piece of clothing
Money or value gained
8
What is an example of a consumer?
Your 4th grade teacher showing you a Math lesson.
The person who checks out your groceries.
The person who fills your gas tank
Mom who buys the groceries for her family
9
What type of economic system do we have in the United States?
Market Economy
Friends Economy
Government Economy
Independent Economy
10
Click on the answer of someone who is employed.
Waitress at a Restaurant
Someone who is looking for a job
Someone who is on disability
Retired GM worker
11
An example of an incentive given by a store is...
10 for $10 Goldfish at Kroger
Kroger selling Milk made in Michigan
Kroger being open until midnight
Kroger selling Michigan cherries
12
What is an example of a "good"?
Getting your hair cut
Getting a Lawn Service
Having someone clean your house
Buying a new car
13
All of these are examples of public goods and services EXCEPT..
St. Clair Shores Pool
St. Joan of Arc Private School
Blossom Heath Park
Mackinaw Bridge
14
Scarcity can be defined as....
Not having enough of what the people want
Economics
Having too many choices
Too much of a good thing
15
Mrs. Jenkins's daughter is not working and not looking for work so she is..
Not in the Labor Force
in school
Employed
Unemployed
16
What is the example of someone who is NOT in the labor force?
Police Officer
Cashier at Kroger
Stay at home Mom
Teacher
17
All of these are examples of Specialization except.
Plumber
Journeyman
Michigan
Electrician
18
What does division of labor mean?
Everyone takes breaks and no one works
One person does all the work
Breaking a larger job into smaller jobs
Two people do all the work
19
A mom who stays at home during the week but works on the weekends is..
Just a Mom
Unemployed
Not in the Labor Force
Employed
20
An example of a positive incentive is...
Library Fine
Losing DoJo points for missing homework
Speeding Ticket
Clip up for Expected Behavior

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