
Finance Topic 2
Quiz
•
Business
•
2nd - 6th Grade
•
Practice Problem
•
Medium
Jessica L
Used 4+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Socio-Econmic mean?
A sustainable/ healthy economy
External influences out of your control
An increasing population
Creating Better living conditions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an example of socio-ecomnomic?
Using paper straws all the time
More children and less deaths
More unemployed people
Interest rates set by the bank of england
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Economic Boom?
When the economy cant control its population growth
When the economy is decreasing in value
When the economy is producing and selling increasing amounts of goods and services
When the unemployed is increasing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of an economic boom?
Greater number of jobs, lower unemployment/ increased income
Greater number of jobs, higher unemployment, increased income
Fewer number of jobs, lower unemployment, increased income
Greater number of jobs, lower unemployment, decreased income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Recession?
An increase in an economies production
When a countrys production falls for two or more consecutive quarters
When a countrys production falls for three or more consecutive quarters
A decrease in unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What government mechanism is placed under strain in a recession?
The benefits system
Three tier system
Economic recession distribution
Government economy act
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Tick 3 reasons why people are living longer
Better living conditions
They have better entertainment
Better nutrition
Medical Advances
They have holidays
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