HiSET Social Studies 2 - Economics

Question 1

When the government does not interfere with capitalism, we have a __________ .

Accepted Answer

laissez-faire economic policy

Question 2

Low supplies create higher prices which create less demand.

Accepted Answer

True

Question 3

When the value of many stocks is going down, it is called a _______________ .

Accepted Answer

bear market

Question 4

The path from production all the way to shipping the product to stores or consumers is called ____ .

Accepted Answer

The supply chain

Question 5

When there is a profit on stock, it is a _______ for the stockholder.

Accepted Answer

yield

Question 6

When a country imports more than it exports, there is a trade ____ .

Accepted Answer

Deficit

Question 7

Some larger corporations sell stock in their businesses through the _________ .

Accepted Answer

stock market

Question 8

When the value of many stocks is going up, it is called a _____________ .

Accepted Answer

bull market

Question 9

The goal of benefits to citizens partially funded by the Internal Revenue Service is for _________________ .

Accepted Answer

economic security

Question 10

What occurred as communities in the past changed from farming to producing other goods and services in cities?

Accepted Answer

Industrialization

Question 11

High supplies create lower prices which create more demand.

Accepted Answer

True

Question 12

Goods that are shipped out of our country are called ____ .

Accepted Answer

Exports

Question 13

What do financial institutions use to determine who can be trusted with a loan?

Accepted Answer

credit report

Question 14

When is a good time to refinance a home loan to spend less on interest and lower payments?

Accepted Answer

When the interest rate goes down.

Question 15

When private businesses and people own most of the property and make most of the decisions, it is called ___________ .

Accepted Answer

free market capitalism

Questions 15