Economics EOY Unit 3 and 4

Economics EOY Unit 3 and 4

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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40 questions

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1.

FLASHCARD QUESTION

Front

What is a credit score primarily used to determine?

Back

Creditworthiness

2.

FLASHCARD QUESTION

Front

Which factor has the highest impact on your credit score? Options: Number of credit accounts, Payment history, Length of credit history, Credit mix

Back

Payment history

3.

FLASHCARD QUESTION

Front

In a sole proprietorship, who bears unlimited liability for business debts?

Back

The owner

4.

FLASHCARD QUESTION

Front

What type of bank account typically offers the highest interest rate? Options: Checking account, Certificate of deposit, Regular savings account, Money market account

Back

Money market account

5.

FLASHCARD QUESTION

Front

GDP per capita is calculated by:

Back

GDP divided by total population

6.

FLASHCARD QUESTION

Front

Which business structure requires the most complex tax filing? Options: Corporation, Sole proprietorship, Partnership, LLC

Back

Corporation

7.

FLASHCARD QUESTION

Front

The unemployment rate measures:

Back

Those actively seeking employment

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