Economics Final Part 1 (Semester 2)

Front

Over a three year period, the United States experienced an increase in the real GDP, low inflation, and a declining unemployment rate. For this period, the United States

Back

was in the middle of an economic boom.

Front

Based on the graph, which of these statements is TRUE?
Investors who want low risk should invest in bonds.
A certificate of deposit is a riskier investment than a bond.
Money in a stock-based mutual fund grows as fast as in a bond.
Money in stocks have both high risk and high potential return.

Back

Money in stocks have both high risk and high potential return.

Front

The federal government uses government spending and tax rates to help control recessions and encourage economic activity. This is called

Back

fiscal policy.

Front

Based on the map you can conclude that MOST countries in Africa are

Back

not developed countries.

Front

What is generally the reason for a company to issue bonds?

Back

It serves as a means to raise revenue.

Front

How has increasing globalization affected the auto industry in the U.S.?

Back

The U.S. auto industry declined as competition from other countries increased.

Front

A supporter of free trade would support all of these actions EXCEPT: reducing quotas, reducing tariffs, imposing subsidies, eliminating embargoes.

Back

imposing subsidies.

Front

How could Samuel BEST spend his time before he begins college to ensure he chooses the most fitting college major for his goals? Options: He should travel the world, so he can decide where he wants to move after college graduation. He should spend time with friends and family, allowing him to refocus before beginning school again. He should work full time as a restaurant server, saving as much money as possible before starting school. He should intern where his father works, to determine if he is truly interested in computer engineering.

Back

He should intern where his father works, to determine if he is truly interested in computer engineering.

Front

The Consumer Price Index (CPI) measures

Back

the average of the prices paid by consumers for a fixed market basket of goods and services.

Front

Which of these individuals is classified as unemployed? a recent college graduate looking for his first job, a laid-off factory worker who has given up looking for a new job, a barista who works as at a coffee shop 20 hours a week but would like to increase their hours, a 15-year-old high school student who is searching unsuccessfully for a summer job as a lifeguard

Back

a recent college graduate looking for his first job