Grade 4 · Social Studies · On Level
Free Economics & Culture worksheet - version 1
Grade 4 economics & culture practice with original, difficulty-matched questions. This printable version includes 8 grade-appropriate questions and a separate answer sheet.
Economics & Culture
Grade 4 · On-level practice · 8 questions · Version PG-14IR4XX-1JXY
1.Explain “comparative advantage” in your own words.
2.Explain “supply” in your own words.
3.Explain “tariff” in your own words.
4.Explain “specialization” in your own words.
5.Explain “export” in your own words.
6.Explain “import” in your own words.
7.Explain “inflation” in your own words.
8.Explain “culture” in your own words.
Answers and teaching notes
Use the answers to check the work after the learner finishes. For writing prompts, the guide describes what a strong response should include.
Show answers for version 1
- Explain “comparative advantage” in your own words.the ability to produce at a lower opportunity cost
- Explain “supply” in your own words.the amount sellers are willing to offer
- Explain “tariff” in your own words.a tax placed on imported goods
- Explain “specialization” in your own words.focusing on particular tasks or products
- Explain “export” in your own words.a good or service sold to another country
- Explain “import” in your own words.a good or service brought into a country
- Explain “inflation” in your own words.a broad rise in prices over time
- Explain “culture” in your own words.shared practices, beliefs, arts, and ways of life
Worked example
Identify resources, choices, tradeoffs, and the cultural context of an exchange.
Common mistake
Ignoring the next-best choice given up.
Helpful hint
Name both the benefit chosen and the opportunity cost.