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