Chapter 12 Quiz

Chapter 12 Quiz

9th Grade

30 Qs

quiz-placeholder

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Chapter 12 Quiz

Chapter 12 Quiz

Assessment

Quiz

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9th Grade

Practice Problem

Hard

Created by

Jack Armstrong

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

1. Based on the map, what can be found in Washington, D.C., that is NOT found in Minneapolis?

a Federal Reserve bank

the Securities and Exchange Commission

the Fed's Board of Governors

a Federal Reserve district

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

2. How does the role of the Department of Labor (DOL) in the economy differ from that of the Securities and Exchange Commission (SEC)?

The DOL oversees trade issues, while the SEC is the nation's central bank.
The DOL protects workers, while the SEC oversees the stock market.
The DOL promotes economic growth, while the SEC regulates that growth.
The DOL addresses labor issues around the world, while the SEC protects workers in the U.S.

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

3. Suppose the current federal funds interest rate is 5 percent, and the Federal Reserve changes it to 4.5 percent. In theory, why might this help the economy grow?

People will be less likely to borrow money, which will grow the economy.
The amount of credit in the economy will decrease.
Money will be less expensive, so more companies will borrow and invest.
Lower interest rates usually lead to lower prices.

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

4. If the economy is not growing, one reasonable conclusion would be that

federal spending should be cut.
the economy is in the midst of a recession.
taxes should be raised.
full employment has been achieved.

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

5. How do tax increases slow economic growth?

When federal taxes increase, so do State and local taxes.
People get paid much less for the work they do.
The government can't spend all the money it collects in taxes.
People have less money to spend in the economy.

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

6. The Employment Opportunity Act, the Environmental Protection Act, and the Pure Food and Drug Act are examples of:

federal laws designed to protect consumers from harm.
the federal government’s attempts to regulate big business.
federal laws that are designed to curb spending by the federal government.
the federal government’s response to changes in the economy.

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

7. What is the primary action taken by the federal government when inflation is wide-spread in the American economy?

raising taxes on foreign governments.
lowering tariff rates on imports.
raising taxes on individuals and businesses.
closing all state banks.

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