4th Grade Basic Test On US Economy! Quiz

12 Questions | Total Attempts: 44

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4th Grade Basic Test On US Economy! Quiz

The US economy has undergone a lot of changes throughout history with a lot of ups and downs. In the late 1700s there was a great depression that saw the economy plummet to a level never seen before. How much do you know about the US economy as a fourth grader? Take up the quiz below and see just how much you know. All the best!


Questions and Answers
  • 1. 
    A company designed a new kind of cell phone with special features that make it good for taking pictures. Which basic economic question  is answered by the design of this new phone and its special features?
    • A. 

      How will it be produced?

    • B. 

      How much will be produced?

    • C. 

      For whom will it be produced?

    • D. 

      How much will it cost to produce?

  • 2. 
    How would a child today most likely compare her life to the life of a child in the 1820s?
    • A. 

      Today’s child would see her life as simpler than the life of a child in the 1820s

    • B. 

      Today’s child would see her life as less complicated than the life of a child in the 1820s.

    • C. 

      Today’s child would see her life as more difficult than the life of a child in the 1820s.

    • D. 

      Today’s child would see her life with more opportunity than the life of a child in the 1820s

  • 3. 
    A business has an emergency and has to spend a lot of money to repair its machinery. Now the business has very little money left over for  the rest of the month. How should the business use its money during the rest of the month
    • A. 

      Spend it on needs instead of wants

    • B. 

      Spend it on wants instead of needs.

    • C. 

      Choose some needs and some wants

    • D. 

      Keep spending until the money runs out

  • 4. 
    Based on the map, Portland, San Francisco, and Los Angeles most likely became major cities because they were 
    • A. 

      The locations of important military forts

    • B. 

      The end of the line for major travel routes

    • C. 

      Started by priests during colonial times

    • D. 

      Located on major sources of fresh water

  • 5. 
    Teryl wants to defend people’s rights, so she is going to school to become a lawyer. How will this choice help Teryl most?
    • A. 

      She will be able to defend herself in court

    • B. 

      She likely will have a good chance of getting a government job

    • C. 

      She likely will make more money than many citizens

    • D. 

      She will be able to run a successful business

  • 6. 
    Given the map, which state’s economy likely depends most on coal mining?
    • A. 

      Alabama

    • B. 

      Ohio

    • C. 

      Tennessee

    • D. 

      West Virginia

  • 7. 
    Use the table to answer the questionWhich change would allow Lucy to balance her budget?
    • A. 

      eat smaller snacks

    • B. 

      Spend less on gifts

    • C. 

      Quit her paper route

    • D. 

      Save all of her allowance

  • 8. 
    Jeremy agreed to sell his baseball card collection to Alexis for $100. Jeremy most likely agreed to this sale because 
    • A. 

      Jeremy wanted the $100 more than he wanted the baseball cards.

    • B. 

      Jeremy thought his baseball card collection was worth more than $100

    • C. 

      Jermey knew that Alexis would enjoy the baseball cards more than he would

    • D. 

      Jeremy believed that Alexis was the only one who wanted his baseball cards

  • 9. 
    Which body of water borders Australia on its western coastline? 
    • A. 

      Arabian Sea

    • B. 

      Indian Ocean

    • C. 

      Gulf of Mexico

    • D. 

      Mediterranean Sea

  • 10. 
    The large number of Irish people coming to the United States during the middle of the 1800s was mostly because of 
    • A. 

      Prisoners being shipped out of Ireland

    • B. 

      The hiring of Irish workers to replace African slaves.

    • C. 

      A need for servants on the Western frontier

    • D. 

      A lack of food and jobs in Ireland

  • 11. 
    Louisiana collects twenty cents for every gallon of gasoline bought in the state. When the price of gasoline goes up, it is harder for the  Louisiana state government to plan how to spend money because 
    • A. 

      The oil and gas companies are important to the economy of Louisiana.

    • B. 

      People will buy less gasoline, so the state collects less money for gasoline sales.

    • C. 

      The state government uses most of the gasoline bought in the state

    • D. 

      People in Louisiana require more public services when gasoline is expensive

  • 12. 
    The primary purpose of government is to
    • A. 

      Regulate the economy.

    • B. 

      Maintain the military

    • C. 

      Organize public events

    • D. 

      Provide for its citizens