National

Grade 4 Unit 2 Lesson 4 Quiz

State: NA
Grade: 4

1. A person who starts a business is _____.

a. a consumer
b. an entrepreneur
c. an investor
d. a supplier

2. In a free enterprise system, people can _____.

a. borrow money without paying interest
b. buy anything they want
c. own their own business
d. give their profits to the government

3. What type of economy does the United States have?

a. planned
b. common
c. domestic
d. free enterprise

4. __________ is when different parts of a business are responsible for something different.

a. Specialization
b. Opportunity cost
c. Profit
d. Investor

5. The keys to success are teamwork, the desire to do the best work possible, and _______.

a. money
b. goals
c. demand
d. profit