Civics & Economics/ Personal Finance- Final

A naturalized citizen of the United States is a person who

• Was born in the United States for on United States oil

• Has legally become a United States citizen

• Was born abroad to parents who are United States citizens

• has come to the United States to work permanently

Which of these actions by the federal government would most likely reduce inflation?

• Increase in both spending and the money supply

• decrease both spending and the money supply

• Increasing loans to consumers

• decreasing in the interest rate

Which economic policy was based on the idea that American colonies existed, primarily to provide economic benefits for Great Britain?

• mercantilism

• socialism

• free trade

• laissez-fairs capitalism

One fact that led to the formation of the first two political parties in the United States in the 1790s was the conflict over the

• distribution of power between the federal and state governments

• spread of slavery into the western territories

• control of interstate commerce

• acquisition of lands from France and Spain

Which of the following is not required by law of American citizens?

• obeying laws

• serving on a jury

• Voting in elections

• paying taxes

People performance increase in the United States. Why is it important?

• They can learn to be judges in court trials.

• They get the chance to get paid for making laws.

• It helps them to get involved in arresting and criminals.

• It helps them to understand the political process.

Which conditions are mouse characteristics of economic depression?

• high unemployment and overproduction

• Large business investments and low taxes

• Too much money in circulation and high stock prices

• high employment in increased real estate investments

When the federal reserve board lowest interest rates, it is most likely attempting to

• Stimulates consumer spending

• lower prices

• encourage saving

• reduce investment

• It is where laws are made.

• The president lives there

• The Supreme Court meets there.

• It is the national library

Since 1930, during the periods of economic recession, which fiscal action has been taken by the United States Government to stimulate the economy?

• maintaining a large budgetary surplus

• increasing corporate income taxes

• lowering personal income taxes

• raising interest rates on loans