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Role Of The Government In U.S. Economy #3
Test Description: Review #3 for Test
Instructions: Answer all questions to get your test result.
1) What is an agreement between two or more people called?
A
Discount
B
Security
C
Compromise
D
Contract
2) Technological advancements have led to all of the following EXCEPT —
A
creation of new jobs in the workplace
B
less education is being required for today's workforce
C
competition from foreign workers
D
opportunities to work for companies based in other countries
3) The monetary system in the United States is successful because of -
A
the stock market's prices on shares of corporations.
B
the supply and demand for the United States' dollar overseas.
C
the confidence of the consumer in the United States government.
D
the ability of businesses to issue money.
4) United States currency is created by —
A
the Stock Market
B
banks
C
the government
D
businesses
5) Borrowed funds, fees, and tax revenue are -
A
Ways the government pays for political party candidates
B
Ways that financial institutions pay interest
C
Ways the government pays for public goods and services
D
Ways that businesses can pay their employees
6) Which of the following is TRUE about goods and services provided by the government?
A
Include such items as interstate highways, postal service, and national defense
B
Would not likely be available if individuals had to provide them
C
All of the Above are Correct
D
Provides benefits to many simultaneously
7) New jobs in the workplace are often created by —
A
governmental advancements
B
technological advancements
C
advancements in the FED
D
advancements in the college system
8) Increased government spending on public goods and services —
A
decreases demand
B
decreases production
C
lowers taxes
D
increases demand
9) The United States government provides the following services EXCEPT —
A
interstate highways
B
national defense
C
satellite radio
D
postal service
10) All of the following are characteristics that employers look for in new employees, EXCEPT -
A
Tardiness
B
Willingness to work hard
C
Punctuality
D
Interest in learning new things
11) When selecting a career Inga should take into account all of the following EXCEPT —
A
things she is interested in
B
what her friends are doing
C
her own talents
D
what she is good at
12) Which statement best demonstrates being financially irresponsible?
A
Using credit wisley
B
Obtaining health insurance
C
Investing money for the future
D
Spending money without a budget
13) Dana has a part-time job working as a waitress at a restaurant. When she gets sick, she does not like going to the doctor because it is expensive. What fiscal responsibility is Dana most likely neglecting?
A
Using credit wisely
B
Saving for the future
C
Keeping to a budget
D
Having insurance
14) Miguel has been working full-time for two years. He gets a paycheck of $2000 per month and his bills total $1700.. If Miguel wants to purchase a home in three years, what fiscal responsibility should Miguel consider?
A
Having insurance
B
Using credit wisely
C
Saving for the future
D
Keeping to a budget
15) Maria just graduated from high school. She wants to begin the process of planning her career. The first thing that Maria should do is:
A
take classes at the local community college
B
find people willing to give her a positive recommendation
C
complete some type of self-assessment
D
apply for as many jobs as she can find
*select an answer for all questions
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