Final Exam - Economics Practice #1

Final Exam - Economics Practice #1

12th Grade

24 Qs

quiz-placeholder

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Final Exam - Economics Practice #1

Final Exam - Economics Practice #1

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Jason Allen

Used 6+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To protect against adverse economic events, the government set up a retirement and disability benefits program called Social Security, as well as a health insurance program called Medicare.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is not a threat to people with fixed incomes.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are examples of government regulation: Obamacare, child labor laws, minimum wage, and workers compensation.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most businesses are successful.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic freedom is the ability of businesses and consumers to make their own choices.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who ultimately determines the success of a product?

the consumer

the business producing the product

the store selling the product

the government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of the federal retirement program for senior citizens beginning at age 65?

Medicaid

ObamaCare

Social Security

FDIC

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