Boom
Quiz
•
Social Studies
•
10th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the economic term 'boom' commonly used to describe?
A period of rapid economic growth
A sudden market crash
A long-term recession
A stable economic period
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a characteristic of an economic boom?
High unemployment rates
Decreased consumer spending
Increased production and sales
Deflation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
During an economic boom, what typically happens to the stock market?
It crashes
It remains stable
It experiences growth
It declines
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which historical period is often referred to as the 'Roaring Twenties' due to its economic boom?
The 1920s
The 1930s
The 1940s
The 1950s
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a potential downside of an economic boom?
Increased unemployment
Inflation
Decreased GDP
Lower consumer confidence
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which sector often benefits the most during an economic boom?
Agriculture
Technology
Mining
Healthcare
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the opposite of an economic boom?
Recession
Inflation
Stagnation
Deflation
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