Macro Test Unit III

Question 1

Sums of money paid as interest on the national debt?

Accepted Answer

Government Interest Payment

Question 2

Mount Rushmore is under which Department?

Accepted Answer

Interior

Question 3

Homeland Security was formed after ___________?

Accepted Answer

9/11

Question 4

The United States has Bananas brought in from Central America, this is called___________________.

Accepted Answer

Importing Goods

Question 5

This department controls Native American Reservations?

Accepted Answer

Interior

Question 6

How many types of inflation are there?

Accepted Answer

3

Question 7

_________________, in economics is a major downturn in the business cycle like US had in the 1930s:

Accepted Answer

Depression

Question 8

Which department controls all branches of the military?

Accepted Answer

DOD

Question 9

This is to parade in front of the employer’s business carrying sign.

Accepted Answer

Pickett

Question 10

Department of Defense includes ________?

Accepted Answer

US Army

Question 11

What do we owe on the Federal Debt?

Accepted Answer

31 Trillion

Question 12

Trading between countries is regulated by which Department?

Accepted Answer

Commerce

Question 13

Property Tax supports ___________________?

Accepted Answer

Public Schools

Question 14

Elimination of trade with people and businesses in a certain country?

Accepted Answer

Embargo

Question 15

This type of tax, we pay a fixed rate?

Accepted Answer

Flat Tax

Question 16

Conservative Policy would be a ________________:

Accepted Answer

Republican

Question 17

This would be an example of a transfer payment by the Government?

Accepted Answer

Food Stamps

Question 18

The Energy Department will regulate_________?

Accepted Answer

Nuclear Power Plants

Question 19

Armando Valdez has been laid off by IBM as part of the company’s cost-cutting move.

Accepted Answer

Cyclical

Question 20

Josh Morgan was laid off from his job because the assembly line at his work was replaced by robotics.

Accepted Answer

Technological

Question 21

The Federal Reserve has how many main banks?

Accepted Answer

12

Question 22

This type of tax is what the USA Income Tax is based off from?

Accepted Answer

Progressive Tax

Question 23

This amendment started federal income tax in the United States:

Accepted Answer

16th

Question 24

This would be an example of a purchase Payment from the Governement?

Accepted Answer

Battle Ship

Question 25

Are those products such as highways, flood control national defense etc;

Accepted Answer

Public Goods

Question 26

This type of union is organized, supported, or run by employers to head off efforts by others to organize workers:

Accepted Answer

Company Unions

Question 27

What are the three Federal Reserve Branches for Nebraska?

Accepted Answer

Denver, Omaha and Oklahoma City

Question 28

Employer agrees to hire only union members.

Accepted Answer

Closed Shop

Question 29

This would be President Biden's Policy?

Accepted Answer

Fiscal Policy

Question 30

Tax on tobacco, Alcoholic beverage and gasoline?

Accepted Answer

Excise Tax

Question 31

Pell Grants for college education is funded under which department?

Accepted Answer

Education

Question 32

Brian Smith is looking for a job this summer because he was a ski instructor at Winter Park, CO

Accepted Answer

Seasonal

Question 33

What does CPI stand for?

Accepted Answer

Consumer Price Index

Question 34

A mass refusal to buy products from targeted employers or companies?

Accepted Answer

Boycott

Question 35

Men and women in the United States from 16-65 years old either working or actively looking for a job.

Accepted Answer

Labor Force

Question 36

What does IRS stand for __________________ ____________________ __________________?

Accepted Answer

Internal Revenue Service

Question 37

This type of tax rate decreases as the amount to which the rate is applied increases.

Accepted Answer

Regressive Tax

Question 38

Which department gives medical care to Veterans?

Accepted Answer

Veterans Administration

Question 39

This limits the amount of a product that can be legally imported into a country:

Accepted Answer

Quota

Question 40

Liberal Policy would be a _______________:

Accepted Answer

Democrat

Question 41

Refusal to let employees work until management demands are met:

Accepted Answer

Lockout

Question 42

This is a measurement of goods and services produced in one year:

Accepted Answer

GDP

Question 43

This person was instrumental in giving birth to a peacetime paper money to the colonies?

Accepted Answer

Benjamin Franklin

Question 44

This department controls fires in National Forests:

Accepted Answer

Agriculture

Question 45

Which Department controls Immigration?

Accepted Answer

Homeland Security

Question 46

To bring goods into the United States is called:

Accepted Answer

Import

Question 47

Government Health Insurance___________:

Accepted Answer

Medicare

Question 48

Workers do not have to belong to a union to be hired and cannot be made to join one to keep their job.

Accepted Answer

Modified Union Shop

Question 49

State Tax for Nebraska is about what %?

Accepted Answer

6.6%

Question 50

A tax that must be paid when imports come into our country?

Accepted Answer

Tariff

Question 51

This prevented the federal courts from issuing rulings against unions that went on strike?

Accepted Answer

Norris-LaGuardia Act

Question 52

This set the minimum wage?

Accepted Answer

Fair Labor Standards Act

Question 53

Tom Hyde quit his oil exploration job with a U.S. company in Saudi Arabia and is searching for work in New York.

Accepted Answer

Frictional

Macro Test Unit III

Questions 53

Macro Test Unit III

Questions 53