WorksheetsEcon Unit 3
Total questions: 9
Worksheet time: 18mins
Name
Class
Date
1.
The workers and company can not come to an agreement, and the workers refuse to come into work. A name for this action would be:
a)
Collective Bargaining
b)
Strike
c)
Lockout
d)
Boycott
2.
Which of these is NOT a common fringe benefit in the United States?
a)
Health Insurance
b)
Retirement
c)
Paid Vacation
d)
Paid Parental Leave
3.
Which of the following has the lowest level of liquidity?
a)
Your home
b)
Savings Account
c)
Stocks
d)
Municipal Bond
4.
Which of the following has the highest risk?
a)
Certificate of Deposit
b)
Corporate Bond
c)
Checking Account
d)
Stocks
5.
What is the definition of "principle"?
a)
Time it takes to pay back a loan
b)
The amount of money borrowed
c)
The total interest paid
d)
The interest rate
6.
Why is a credit score important?
a)
It changes the number of days you have to pay off your credit card
b)
It provides money for the banks to loan out to other customers
c)
The banks create jobs based on their score
d)
It tells people who look at your score how trustworthy you are to pay back loans
7.
What is "diversification"?
a)
Balancing investments between risk and liquidity
b)
Investing all your money in the stock market
c)
Saving money in only your checking acount
d)
Choosing to add money to your investments
8.
I received a $10,000 loan. The interest rate is 10%. How much money will I pay in interest?
a)
100
b)
1,000
c)
10
d)
12,000
9.
Teachers are in high demand. How will this influence wages?
a)
Decrease wages
b)
Remain the same
c)
Increase wages
100 %
