WorksheetsUnit 1 Day 3
Total questions: 15
Worksheet time: 8mins
Why might two jobs require different levels of pay?
Because all jobs are equally important
Because skill level and experience can differ
Because everyone works the same hours
Because all jobs are in the same location
How might an economic crisis affect wages in a country?
It may have no effect on wages
It can influence wages by causing changes in the job market
It guarantees higher wages for everyone
It only affects the cost of living, not wages
Which of the following is a way the government helps regulate the economy?
Setting a minimum wage
Increasing company profits
Reducing the voting age
Building more highways
Why does the government enforce antitrust laws?
To prevent monopolies
To increase taxes
To lower the minimum wage
To promote exports
Which action is an example of the government protecting consumers?
Providing accurate product information
Lowering interest rates
Building new schools
Funding space exploration
A company is found to be providing false information about its products. Which government responsibility does this relate to?
Protecting consumers
Regulating workplace safety
Controlling currency
Setting a minimum wage
What is one effect of rising unemployment on families?
Families spend more
Families spend less
Families earn more
Families pay no taxes
Which of the following is a cause-and-effect relationship described in the material?
When people lose jobs, they spend more, which helps businesses and tax revenue.
When people lose jobs, they spend less, which hurts businesses and tax revenue.
When people get jobs, they spend less, which hurts businesses and tax revenue.
When people get jobs, they spend more, which hurts businesses and tax revenue.
Which of the following best describes jobs in the gig economy?
Permanent and stable
Independent or freelance
Government jobs
Full-time corporate positions
What is one characteristic of gig economy jobs?
They offer long-term stability
They are flexible but less stable
They require a college degree
They are only available in large companies
Which of the following is an example of a gig economy job?
Ride-sharing
Teaching in a school
Working in a bank
Managing a store
What is one benefit of gig work?
Guaranteed health benefits
Flexibility
High job security
Fixed working hours
What is one drawback of gig work?
High salary
Lack of benefits
Free training
Paid vacations
Which of the following is NOT listed as a global factor that affects national economies?
Global trade
Natural disasters
Local elections
Conflict between countries
How might a conflict between countries influence the economy of a nation? (Choose the BEST answer.)
It can disrupt global trade and affect the exchange of goods and services.
It always leads to lower taxes.
It guarantees economic growth.
It only affects the environment, not the economy.
