WorksheetsEconomics & Government (Regular)
Total questions: 11
Worksheet time: 19mins
Name
Class
Date
1.
Group most likely to support a shift to a command economy
a)
the middle class
b)
the wealthy
c)
the poor
2.
As supply increases what happens to prices?
a)
prices increase
b)
prices decrease
3.
As demand increases what impact does this have on prices?
a)
prices increase
b)
prices decrease
4.
In order to combat drug use the federal government begins a campaign that involves advocating children to "just say no" to drugs. What impact will this have on the drug market?
a)
demand will increase & therefore prices will increase
b)
demand will decrease & therefore prices will decrease
c)
supply will increase & therefore prices will increase
d)
supply will decrease & therefore prices will decrease
5.
This cartoon supports...
a)
free market principles
b)
command economy principles
6.
In a command economy who is most important?
a)
the individual
b)
the wealthy
c)
society as a whole
d)
business owners
7.
What lesson was learned from the 1911 Triangle Factory fire in NYC?
a)
factory work was often unsafe
b)
factory workers are paid too much
c)
the US can't compete with China
d)
free trade hurts America
8.
What impact does a tariff have on demand for US-made products?
a)
increases demand
b)
decreases demand
c)
has no impact on demand
9.
A positive of the American Recovery and Reinvestment Act passed during the Great Recession was...
a)
it led to a deeper recession.
b)
it strengthened America's free market principles.
c)
it increased taxes thus decreased the debt.
d)
it helped to generate jobs.
10.
A downside to the American Recovery and Reinvestment Act passed during the Great Recession was...
a)
it increased unemployment.
b)
it led to further national debt.
c)
it led to a Great Depression.
11.
The New Deal programs during the Great Depression...
a)
were supported by Hoover.
b)
made use of laissez faire principles.
c)
led to an increase in government involvement in the economy.
d)
decreased national debt.
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