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4th Grade Economics Review Flashcards | StudBud
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4th Grade Economics Review
4th Grade Economics Review
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An economics review of vocab for 4th grade
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
______ is how much of something that is available
Economics
Supply
Demand
Weight
2
What are the "things people want and need"?
Profit
Goods
Needs
Wants
3
What happens to prices when supply is greater than demand?
Prices go down then up
Prices go down
Prices stay the same
Prices go up
4
What are goods or services that you want, but you do not need?
Supply
Goods
Needs
Wants
5
The study of how people produce, sell, and buy the goods and services they want and need
Expenses
Economics
idk
Money$
6
Who are the best teachers on Earth?
Professor Dumbledore and Yoda
Ms. Stovall and Mrs. LaSala
Pikachu and Simba
Miss Puff and Miss Frizzle
7
How do consumers depend on farmers?
Consumers depend of clothes from farmers
Consumers depend on food from farmers
Consumers depend on farmers as their friends
Consumers depend on money from farmers
8
What happens to prices when demand is greater than supply?
Prices go up
Prices go down
Prices go up then down
They stay the same
9
What are "good or services that are required to live"?
Wants
Needs
Supply
Goods
10
What are you called when you buy or purchase things?
Producer
Consumer
Expenses
Adorable
11
What are you called if you make goods that are sold?
Money Maker
Economics
Consumer
Producer
12
Which best explains interdependence?
Teachers depend on students to learn & students are focused
Teachers depend on students to give them presents.
Students depend on teachers to give them good grades.
Parents depend on students to grade their own homework.
13
Money that is spent to make goods
Demand
Expenses
Services
Profit
14
An act done for other people
Nice act
Services
Needs
Profit
15
The money a business earns after it subtracts its' expenses
Profit
Supply
Expenses
Needs
16
_____ is how much of something that people want.
Supply
Producers
Expenses
Demand
