Reaganomics

Reaganomics

12th Grade - University

10 Qs

quiz-placeholder

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Reaganomics

Reaganomics

Assessment

Quiz

History

12th Grade - University

Hard

Created by

Melissa Archibald

Used 47+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A person or organization that uses a product or service is a(n):

Consumer

Economist

Loan shark

Debtor

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What term refers to a good that comes into a country?
Trade
Migration
Export
Import

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Importing more than exporting leads to what?

A trade surplus.

A trade deficit.

A balance of trade.

A balance of payment.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The value of all the final goods and services produced within a nation in a given year.

Gross Domestic Product

Consumer Price Index

Inflation

Housing Starts

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How does comparing the Consumer Price Index (CPI) over time help economists measure inflation?

The increase in prices without changes to production suggests a decline in purchasing power.

The decline in prices without changes to production suggests an increase in purchasing power.

Consumer confidence in the economy can predict the rise of inflation.

Consumer uncertainty in the economy can predict the rise of inflation.

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Media Image

Which of the following is true when it comes to using the Stock Market, like the S&P 500, to evaluate economic well-being?

A declining stock market indicates reduced corporate profits, which could a worsening economy.

Because stock prices can be based on speculation, the stock market should not be used on its own.

Rapid fluctuations in stock prices can reflect economic uncertainty among stockholders and consumers.

Stock splits always prove detrimental to investors in the long term.

7.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

"Net worth of families earning between $20,000 and $50,000 annually grew by 27% "


How can this statistic promoting the success of Reaganomics be better evaluated?

Adjust for possible inflation or deflation.

Review the employment of the families (single vs. dual income)

Compare stock market performance in 1980 with 1988.

Measure the number of homes built during this period.

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