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Grade 4 · unit review

Review: Markets Public Choices and Common Resources

Compare prices, public investment and resource stewardship.

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Bring the unit skills together

Use these 4 new cases to check your reasoning. Choices are temporary and are not saved to an account, sent to staff or recorded as school grades. Download your current review choices before leaving or reloading.

Unit review questions
1. Use the economic notes. A fictional household sets a $20 limit. Which choice best fits?
Need a hint?
  • Look for quantities at several prices, a quantity at one price, the money limit or a purchase that actually happened.
  • Find the note for Budget constraint. Check which words in this card match it.
2. Use the economic notes. A fictional workshop changes its manufacturing method. Which choice best fits?
Need a hint?
  • Find the changed production feature: available inputs, cost, method or tool, or quantities offered at several prices.
  • Find the note for Technology. Check which words in this card match it.
3. Use the economic notes. A fictional library plan considers travel distance. Which choice best fits?
Need a hint?
  • Find whether the plan names a starting cost, upkeep, access or forecast use. A forecast is not a record of completed use.
  • Find the note for Access. Check which words in this card match it.
4. Use the economic notes. A fictional group repairs a damaged stream bank. Which choice best fits?
Need a hint?
  • Look for a use limit, recorded conditions, repairs to damage or people sharing care of a resource.
  • Find the note for Restoration. Check which words in this card match it.

The download contains your current choices and any checked feedback. Keep the separate transfer-task work in your own document; downloading its instructions does not mark it complete.

Use the skills in a new task

Make four small boxes for Markets Public Choices and Common Resources, one for each lesson: Demand Is Not Just Wanting; Supply and Production Conditions; Public Investment Has Trade-Offs; Shared Resources and Stewardship. In each box, choose one supplied card and explain its match using the notes. Compare two of your cards: what makes their matches different? You may write, draw or explain your answers aloud. Use the lesson cards; you do not need a purchase, interview, personal record or trip. For the adult helping: keep the fictional examples and historical notes distinct; these short cards do not tell every detail about a person or place.

Work on paper or in your own document. Explain the choices you made.

  • Choose one supplied card from each lesson: Demand Is Not Just Wanting; Supply and Production Conditions; Public Investment Has Trade-Offs; Shared Resources and Stewardship.
  • Use the notes to name each match and explain its clue.
  • Compare two cards and say or show how their clues differ.
  • Keep the events and details as written; do not make up a quotation or new event.
  • With an adult, name one question the cards do not answer.
Compare with a model response

Demand Is Not Just Wanting: The card says: “Fictional table lists purchases possible at $2, $3 and $4.” That matches Demand schedule. Demand schedule is quantities buyers are willing and able to buy at different prices. Compare: The card says: “Fictional buyers would buy six notebooks at $2 each.” That matches Quantity demanded. Quantity demanded is the quantity willing and able to be purchased at one stated price. Supply and Production Conditions: The card says: “Fictional bakery receives more flour deliveries.” That matches Input availability. Input availability is access to materials or other production resources. Compare: The card says: “Fictional bakery pays more for flour.” That matches Production cost. Production cost is resources or money used to produce an item. Public Investment Has Trade-Offs: The card says: “Fictional park plan lists construction expenses.” That matches Initial cost. Initial cost is resources required to start or build the project. Compare: The card says: “Fictional park plan includes annual repairs.” That matches Maintenance. Maintenance is resources needed to keep the project functioning. Shared Resources and Stewardship: The card says: “Fictional reservoir plan caps daily withdrawals.” That matches Use limit. Use limit is a stated restriction on resource use. Compare: The card says: “Fictional team records river-water measurements.” That matches Monitoring. Monitoring is checking and recording the resource’s condition. Adult checking note: This model uses the supplied lesson cards and notes. It does not describe every person, community or place. Answering a new question would need a matching source or a new observation.

A different response can also meet the criteria. Compare the evidence and reasoning, rather than copying the wording.