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Economics Test 3
Economics Test 3
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Econ Test 3
Flashcards
40 cards
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Questions
40
Answers
1
All of the following are forms of regressive taxes EXCEPT
capital gains taxes
alcohol
gasoline
lottery tickets
2
All of the following are slang for LSD EXCEPT
shroom
cupcakes
blotter
electric Koolaid
3
The Federal Reserve is regulated by
Treasury Dept
Commerce Dept
State Dept
no one
4
All of the following are monetary policy tools EXCEPT
raising required reserves for banks
increasing income tax
changing the discount rate
buying or selling bonds
5
What is it called in Scrabble when you use all 7 letters to make a single word?
Payday
Jackpot
Bingo
Mac-daddy
6
All of the following are monetary policy tools EXCEPT
lowering required reserves
cutting income tax rates
adjusting the discount rate
buying or selling govt bonds
7
Raising the discount rate will put money into circulation.
False
True
8
All of the following are considered to capitals for fashion EXCEPT
Miami
Milan
New York
Paris
9
What is Hillary Clinton's middle name?
Martha
Diane
Penelope
Agnes
10
Lowering income tax rates will take money out of circulation
True
False
11
Congress can decide what percentage of deposits banks must keep in reserve.
False
True
12
The corporate headquarters for Amazon.com is located where?
Seattle
Houston
San Francisco
Boston
13
What breed of dog has a black tongue?
French Bulldog
Corgi
Chow Chow
Maltese
14
What is the mascot for the University of Montana?
Golden Eagles
Miners
Timberwolves
Grizzlies
15
A centrally planned economy is most like
capitalism
dictatorship
socialism
democracy
16
The FED forms a system of how many national banks in the country?
12
10
16
50
17
All of the following baseball teams have never won a World Series EXCEPT
Rangers
Nationals
Padres
Mariners
18
Smith said ________ will ensure the best products and services for consumers
personal wealth
competition
technology
govt oversight
19
What percentage of Americans have an incurable STD?
21 percent
17 percent
25 percent
8 percent
20
Where does the govt get most of it's money from each year?
corporate tax
sales tax
social security tax
personal income tax
21
What is the purpose of lysosomes in the cell?
fight infections
Store protein
break down food particles
produce antigens
22
Seventeen magazine started in what year in the United States?
1990
1944
1962
1959
23
All of the following have only one vacuole electron EXCEPT
Sodium
Lithium
Hydrogen
Calcium
24
Congress might vote to increase taxes as a way to fight
low demand
inflation
trade deficits
unemployment
25
All of the following are convicted felons from the NFL EXCEPT
Nate Newton
Dexter Manley
Jerry Rice
Aaron Hernandez
26
How many ribs does a man have?
27
26
20
24
27
All of the following are income transfers EXCEPT
social security
food stamps
aid for the unemployed
building new military ships
28
All of the following have been nominated to the Rock Hall of fame for 2017 EXCEPT
Journey
Simple Minds
Tupac Shakur
Jane's Addiction
29
The economy is said to be in a recession when GDP is down for ______ straight months.
3
9
12
6
30
Lasissez faire means the govt should do what WRT the economy?
protect the poor
nothing
purchase output
regulate banks
31
How many official currencies are in the world today?
155
191
232
130
32
Adam Smith said men are motivated by
happiness
self interest
fear
compassion
33
The government's new fiscal year begins on what date?
November 20
January 1
October 1
April 15
34
All of the following are real Crayola crayon colors EXCEPT
Razzmatazz
Radioactive Red
Jazzberry Jam
Robbin's Egg Blue
35
Say's Law says that ________ will create demand.
activity
supply
fiscal policy
trade
36
What income tax system do we currently use?
regressive
progressive
proportional
value added
37
About how many Dennys are located in the United States?
2000
2450
1250
1700
38
What was the name of the book written by Adam Smith?
The Wealth of Nations
The Prince
The Origin of Species
Society and State
39
What was the band on the show Phineas and Ferb?
La Crap Trap
Crater Face
Monkey Milk
Love Handle
40
Lowering income tax rates puts money into circulation.
True
False
