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

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

Losing technology for not cleaning your room

What are the purposes of taxes?

Money the government collects for public goods and servies

When someone is unemployed who suffers?

All of the these answers are correct!

What does division of labor mean?

Breaking a larger job into smaller jobs

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4th Grade Economics

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4th Grade Economics basics skills

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Questions 20

Answers

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

4th Grade Economics Flashcards | StudBud