Economics: Work and Prosperity Test 6

Economics: Work and Prosperity Test 6

9th - 12th Grade

63 Qs

quiz-placeholder

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Economics: Work and Prosperity Test 6

Economics: Work and Prosperity Test 6

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Easy

Created by

Mrs. A. Weldon

Used 12+ times

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63 questions

Show all answers

1.

MATCH QUESTION

1 min • 1 pt

Match each definition with the correct term.

Communism

advocates massive public spending during recessions

Keynesianism

advocates the stockpiling of gold and silver in the state's treasury

mercantilism

can seep into an economy without the majority of people realizing that their foundational freedoms are being dissolved away

socialism

based upon public and governmental control of the production and distribution of nearly all national resources

2.

MATCH QUESTION

1 min • 1 pt

Match each definition with the correct term.

supply-side economics

reducing taxes makes more money available for private investment, thereby increasing productivity

 national sovereignty

the exclusive power of an independent state to rule and regulate internal affairs without foreign interference

globalism

regards the entire world as one giant community that should be unified politically and economically

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What was designed to require nations to buy allowances of

"carbon credits" to decrease CO, and reduce greenhouse emissions?

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What was established at the end of World War II to provide capital needed to rebuild war-torn Japan and Western Europe?

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

During which phase of the business cycle do industries increase the amount of goods they produce?

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the American system of mandatory social insurance?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What German city was divided during the Cold War?

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