Economics Quiz (Fourth Grade)

Why was the National Skate Company able to increase the price of their skates?

Looking at the image, what term best describes the women purchasing the bread?

Things that you must have to survive are called _______________.

Land, fuel, water and minerals are this kind of resource:

Sue wants pepperoni pizza at lunch, and there isn't a lot left. the supply is ______.

If all the children want to play on the same equipment, which piece of equipment is scarce?

The way people in a state or country use resources to meet their needs.

________ is the amount of a product or service that is available.

The study of how goods and services are made, sold, and used is _________.

Many of the farmers' tomatoes crops were killed by insects.The price of the tomatoes will ___.

___________ is the amount of a product or service that people want and are willing to pay for.

Choose the group of words that contains ONLY wants.

___________ is an economic condition that exists when demand is GREATER than supply.