Boom

Boom

10th Grade

15 Qs

quiz-placeholder

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Boom

Boom

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

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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