WorksheetsPersonal Finance Unit 2
Total questions: 25
Worksheet time: 13mins
1) What is the
governmental allocation and collection of money within the state?
a. Resource policy
b. Domestic policy
c. Fiscal policy
d. Monetary policy
2) What is true about
economic resources?
a. Economic resources
include only money.
b. Economic
resources are limited.
c. Economic resources
exist only at the individual level.
d. Economic resources
are always controlled by the government.
3) Governments
collect money through which of the following?
a. Taxes
b. Bonds
c. Selling resources
d. All of the above
4) In economic terms,
marginal is another word for which of the following?
a. Outside
b. Rare
c. Additional
d. Boundaries
5) A balanced economy
generally has which economic stance?
a. Expansionary
b. Contractionary
c. Neutral
d. Exceptionary
6) An economy where
more money is being collected than is being allocated or spent is known as
what type of economic stance?
a. Expansionary
b. Contractionary
c. Neutral
d. Exceptionary
7) A share of
ownership in a company is known as which of the following?
a. Stock
b. Investment
c. Rebate
d. Bond
8) The New York Stock
Exchange is an example of what type of stock market?
a. Virtual
b. Distance
c. Physical
d. Individual
9) Why do most
companies sell shares of stock?
a. All companies are
required to sell shares of stock.
b. To let more people
vote on company decisions.
c. To generate
income for the company.
d. To gain a greater
reputation.
10) What is true
about the stock market?
a. Investors always
make money from investing in the stock market.
b. All stock markets
feature physical location-based auctions of stocks.
c. Even
non-investors are influenced by the stock market.
d. All of the above
are true
11) What is a sort of
auction for stocks in which traders verbally submit their offers?
a. Open outcry
b. Public caucus
c. Verbal auction
d. Loud session
12) What is a benefit
of stock markets?
a. They create jobs.
b. They allow
companies to generate income.
c. They allow
individuals to invest money and create more money.
d. All of the above.
13) What is one
economic principle?
a. Resources are
unlimited.
b. Individuals have
no rational self-interest.
c. Resources are
limited.
d. The wants of
society are limited.
14) When talking
about economic resources, capital refers to which of the following?
a. Money
b. Tools and
machinery to manufacture goods.
c. Investments and
stocks
d. All of the above
15) Which of the
following is an economic resource?
a. Money
b. Investments
c. Entrepreneurial
ability
d. All of the above
16) Economists argue
that individuals have “rational self-interest.”
a. True
b. False
17) In economic
terms, “land” refers only to physical plots of ground.
a. True
b. False
18) Labor is an
unlimited resource.
True
False
19) The difference
between unlimited wants and limited resources affects both individuals and
the economy.
True
False
20) “Free” items only
cost the company that gives them away.
True
False
21) The most common
way for a government to raise money is through the collection of taxes.
True
False
22) Entrepreneurial
ability refers to the human resource of finding resources, making business
decisions, and creating new products.
True
False
23) Stock market
crashes have relatively little effect on the overall economy.
True
False
24) The NASDAQ
features an open outcry.
True
False
25) While we talk
about the stock market as if it were one big entity, the reality is that
there are many stock markets around the world.
True
False
