4th Grade Basic Test On US Economy! Quiz

2.

Use the table to answer the questionWhich change would allow Lucy to balance her budget?

eat smaller snacks
Spend less on gifts
Quit her paper route
Save all of her allowance

Correct Answer

A. Spend less on gifts

Explanation

To balance her budget, Lucy needs to decrease her expenses. Out of the given options, the most effective change would be for her to spend less on gifts. By reducing the amount of money she spends on gifts, Lucy can allocate those funds towards other expenses and bring her budget back into balance.

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3.

Which body of water borders Australia on its western coastline?

Arabian Sea
Indian Ocean
Gulf of Mexico
Mediterranean Sea

Correct Answer

A. Indian Ocean

Explanation

The Indian Ocean is the correct answer because it is the body of water that borders Australia on its western coastline. The Arabian Sea is located to the northwest of Australia, the Gulf of Mexico is located on the other side of the world in North America, and the Mediterranean Sea is located in Europe. Therefore, the Indian Ocean is the only option that accurately describes the body of water that borders Australia on its western side.

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4.

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

Spend it on needs instead of wants
Spend it on wants instead of needs.
Choose some needs and some wants
Keep spending until the money runs out

Correct Answer

A. Spend it on needs instead of wants

Explanation

The business should prioritize spending its remaining money on needs instead of wants because needs are essential for the survival and operation of the business, while wants are not necessary for immediate business functionality. By focusing on fulfilling needs, such as paying employees, covering essential bills, and purchasing necessary supplies, the business can ensure its basic operations continue to run smoothly despite the financial emergency. This approach allows the business to allocate its limited funds effectively and prioritize necessities over non-essential expenditures.

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5.

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

Jeremy wanted the $100 more than he wanted the baseball cards.
Jeremy thought his baseball card collection was worth more than $100
Jermey knew that Alexis would enjoy the baseball cards more than he would
Jeremy believed that Alexis was the only one who wanted his baseball cards

Correct Answer

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

Explanation

Jeremy agreed to sell his baseball card collection to Alexis for $100 because he valued the $100 more than he valued the baseball cards.

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6.

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

The locations of important military forts
The end of the line for major travel routes
Started by priests during colonial times
Located on major sources of fresh water

Correct Answer

A. The end of the line for major travel routes

Explanation

Portland, San Francisco, and Los Angeles most likely became major cities because they were located at the end of major travel routes. This suggests that these cities served as important destinations for travelers, either by land or by sea. Being at the end of travel routes would have made them natural hubs for trade, commerce, and cultural exchange, leading to their growth and development as major urban centers.

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7.

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?

How will it be produced?
How much will be produced?
For whom will it be produced?
How much will it cost to produce?

Correct Answer

A. For whom will it be produced?

Explanation

The company thinks how people would really like a great camera on the phone.

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8.

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

The oil and gas companies are important to the economy of Louisiana.
People will buy less gasoline, so the state collects less money for gasoline sales.
The state government uses most of the gasoline bought in the state
People in Louisiana require more public services when gasoline is expensive

Correct Answer

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

Explanation

When the price of gasoline goes up, people tend to buy less gasoline. As a result, the state of Louisiana collects less money for gasoline sales. This decrease in revenue makes it harder for the state government to plan how to spend money.

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9.

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

She will be able to defend herself in court
She likely will have a good chance of getting a government job
She likely will make more money than many citizens
She will be able to run a successful business

Correct Answer

A. She likely will make more money than many citizens

Explanation

more school and more skills, lead to higher paying jobs.!!

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10.

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

Today’s child would see her life as simpler than the life of a child in the 1820s
Today’s child would see her life as less complicated than the life of a child in the 1820s.
Today’s child would see her life as more difficult than the life of a child in the 1820s.
Today’s child would see her life with more opportunity than the life of a child in the 1820s

Correct Answer

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

Explanation

people now have more opportunity, especially women, and people of color.

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11.

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

Prisoners being shipped out of Ireland
The hiring of Irish workers to replace African slaves.
A need for servants on the Western frontier
A lack of food and jobs in Ireland

Correct Answer

A. A lack of food and jobs in Ireland

Explanation

The large number of Irish people coming to the United States during the middle of the 1800s was mostly due to a lack of food and jobs in Ireland. Economic hardship, including the Great Famine, resulted in widespread poverty and unemployment in Ireland, prompting many Irish individuals and families to seek better opportunities in the United States.

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12.

The primary purpose of government is to

Regulate the economy.
Maintain the military
Organize public events
Provide for its citizens

Correct Answer

A. Provide for its citizens

Explanation

The primary purpose of government is to provide for its citizens. This includes ensuring the well-being and safety of its people by implementing policies and programs that address their needs, such as healthcare, education, infrastructure, and social welfare. The government is responsible for creating an environment where citizens can thrive and have access to essential services and opportunities for growth and development. By providing for its citizens, the government promotes social stability and progress within the society.

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4th Grade Basic Test On US Economy! Quiz

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

Quiz Preview

Use the table to answer the questionWhich change would allow Lucy to balance her budget?

Which body of water borders Australia on its western coastline?

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

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

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

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?

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

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

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

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

The primary purpose of government is to