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Economics QRT 2

Authored by Michael Powell

Specialty, Other

10th - 12th Grade

26 Questions

Used 18+ times

Economics QRT 2
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are tariffs?

Profit.

Taxes on imports or exports.

A progressive tax.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do nations have trade barriers?

In an effort to increase imports.

In an effort to reduce the demand for foreign goods or imports.

In effort to reduce demand for domestic goods or exports.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why has the U.S. government increased its spending significantly over the years?

The population has decreased.

The number of government programs has increased and more people are using government services.

There has been a decrease in government programs and services.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of tax where the higher income you earn, the higher percentage you pay in taxes is called?

Descending tax.

Regressive tax.

Progressive tax.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the goal of monetary policy?

Create a national deficit.

Stabilize the economy.

Increase consumer credit.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would be a reason for buying stock in a company?

To lose money.

As an investment and to make a profit.

To obtain a job.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the purpose of labor unions, when they were first established?

To improve the poor working conditions in factories.

To lower wages of workers.

To lower production and decrease job turnover.

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