Economics Final Exam Quizs - Spring 2025

Quiz
•
Social Studies
•
12th Grade
•
Easy
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are intermediate products excluded from calculations of GDP?
Because those products are goods, not services
Because their value is included in the final product
Because the GDP is a measure of market output on a local level
Because the GDP is a measure of market output on a national level
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money can be saved for many years and still hold its worth because it is —
A store of value
A medium of exchange
A responsible thing to do
A unit of account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is included in the unemployment rate?
People who hold only part-time jobs
People who are too frustrated to look for work
The jobless who made an effort to find a job during the past month
People who are retired
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an example of a tool used to conduct fiscal policy?
Reserve Requirement
Taxes
Personal Spending
Interest Rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current national debt of the United States?
$22 trillion
$36 trillion
$40 trillion
$15 trillion
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tax on imported products designed to protect domestic producers is known as —
Comparative advantage
Opportunity cost
Protective tariff
Absolute advantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who favor few or no trade restrictions are known as —
Free traders
Protectionists
Embargo
Quotas
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