AG Unit 8 Pretest

AG Unit 8 Pretest

9th - 12th Grade

10 Qs

quiz-placeholder

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AG Unit 8 Pretest

AG Unit 8 Pretest

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Adam Berkowicz

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is capital in economic terms?

Government subsidies for goods

Human-made resources used in production

A state’s revenue from taxes

Natural resources from the land

I don't know

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which agency ensures companies disclose financial information truthfully?

FDIC

IRS

FTC

SEC

I don't know

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one main role of government in laissez-faire capitalism?

Maintain police and court systems

Fund all private businesses

Build all roads and bridges

Set salaries and benefits

I don't know

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a mixed economy attempt to balance?

Central planning with cultural values

Free market with government intervention

Government spending with consumer saving

Private wealth with traditional practices

I don't know

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a key economic goal of Reaganomics?

Create national economic boards

Cut taxes and reduce regulation

Expand welfare spending

Increase government investments

I don't know

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is taxation necessary in a democratic society?

To increase voter income

To support community needs

To promote individual wealth

To reduce citizen rights

I don't know

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A new business owner combines labor, land, and capital to launch a new tech product. Which term best applies to this person?

Entrepreneur

Economist

Manufacturer

Banker

I don't know

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