Which of the following would cause the United States currency to increase in value.

The United States States GDP increases

What is economic contraction "AKA" a recession

A time when Real GDP is decreasing

Which of the following does not affect the price of a stock?

Change in the name of a company

Why is Real GDP a better indicator of economic growth than GDP

GDP does not show changes in the prices of goods over time.

A country with a trade deficit has...

A higher value of imports than exports

How do Medicare and Medicaid assist the needy?

They provide health care for the elderly and poor.

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Economics Unit 4

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Quiz Unit 4 United States Economic Systems

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Questions 15

Answers

1
Which of the following government institutions is not involved in setting the federal budget?
President
Cabinet department heads
Supreme Court
Congress
2
Bears and Bulls are found on the stock market.
False
True
3
Which of the following would cause the United States currency to increase in value.
The government decides to print more money
A recession occurs
The United States States GDP increases
Inflation occurs at incredibly high levels
4
What is economic contraction "AKA" a recession
A time when GDP increases
A time when Real GDP is decreasing
A time when GDP is decreasing
A time when Real GDP increases
5
Which of the following is not an example of an organization that keeps a check on businesses?
FDA
EPA
FICA
FTC
6
Which of the following does not affect the price of a stock?
Changes in demand
Company profits
Change in a company's leadership
Change in the name of a company
7
Why is Real GDP a better indicator of economic growth than GDP
Real GDP uses quarterly increments
GDP does not show changes in the prices of goods over time.
Real GDP is based on reality/ GDP is rooted in fantasy.
Real GDP is measured whereas GDP is based upon predictions
8
Which of the following groups is not covered by Social Security?
UNemployed workers
Elderly
Families who have lost a parent
Disabled
9
Which of the following is an indicator of the healthiness of the US economy?
Employment rate
All of these things
Consumption
How much investing is occurring in US businesses
10
The NYSE is not a good indicator of how the US economy is doing.
True
False
11
A country with a trade deficit has...
No tariffs or quotas
A higher value of imports than exports
A higher value of exports than imports
a command economy
12
How do Medicare and Medicaid assist the needy?
They provide monthly checks for disabled Americans.
They provide health care for the elderly and poor.
Provide a monthly low income families with stipends for food
They provide job training for unemployed workers.
13
This welfare program is the largest expenditure in government spending.
SNAP
Medicaid
Social Security
TANF
14
What is a Bull Market
When Bulls have a market
When market prices are stable
When market prices are falling
When market prices are rising
15
This tax specifically targets goods, such as gasoline, airplane tickets and alcohol....
Excise tax
Sales tax
Customs tax
Payroll tax

Economics Unit 4 Flashcards | StudBud