Economics SOL Review

Which economic factor has most likely determined the price in this picture?

• Capital

• Scarcity

• Demand

• Consumption

This graph shows that from 1931 to 1939, the ........

• Government received more money than was spent

• amount of money spent decreased every year

• government spent more money than it received

• amount of money collected increased every year

This cartoon shows that the Federal Reserve System is.......

• the federal government's bank

• responsible for legislative purchases

• the federal goverment's tax collector

• accountable for legislative actions

Which phrase best completes the title of this diagram?

• Government Regulation

• Industrial Productivity

• Business Profit

• Consumer Choice

Which type of economy is being defined?

• Command

• Free Market

• Mixed

• Traditional

ADvances in technology have increased the number of people needed to.....

• develop computer software

• teach children in schools

• Work on assembly lines

• serve in the military

This table supports the conclusion that a salary....

• doubles once a college level is attained

• stays the same for the high school levels

• grows at the same rate for each level of education

• increases as the level of education increases

What is the first step in career planning?

• marketing

• self-assessment

• interviewing

• job search

The federal government would investigate this company's practices in order to....

• preserve competition

• conserve resources

• protect workers' rights

• safeguard international trade

Which incentive best completes the diagram?

• Dividend Payments

• Interest Payments

• Bonuses

• Salaries