Practice Test 3

Front

What is a primary characteristic of nonprofit service cooperatives?

Back

They provide services to their members at cost.

Front

Which of the following is a common risk factor associated with investments? Guaranteed returns, Market volatility, Fixed interest rates, Government subsidies

Back

Market volatility

Front

Which of the following is a cause of inflation?
Options:
Decrease in money supply,
Increase in production costs,
Decrease in consumer demand,
Increase in unemployment

Back

Increase in production costs

Front

What is one effect of inflation on the economy?

Back

Decrease in currency value

Front

Which of the following is a major source of federal revenue? Property taxes, Sales taxes, Income taxes, Tariffs

Back

Income taxes

Front

Supply side economics primarily focuses on: Increasing consumer demand, Reducing government spending, Increasing production and supply, Controlling inflation through monetary policy

Back

Increasing production and supply

Front

Back

Consumer spending

Front

Back

Investments

Front

Back

Net exports

Front

Which of the following is NOT a component of GDP? Government spending, Net exports, Personal savings, Consumer spending

Back

Personal savings