Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
CE.12 C,d - Structure And Operation Of U.S. Economy
Test Description: VA SOL Prep
Instructions: Answer all questions to get your test result.
1) What would encourage people to save their money in banks?
A
Interest rate increase
B
Higher inflation
C
Tax increase
D
Higher gas prices
2) In a savings and loan bank, who owns the institution?
A
the government
B
creditors
C
a bank president
D
people who have shares
3) All are examples of financial institutions except −
A
credit unions.
B
business firms.
C
savings and loans.
D
banks.
4) Private financial institutions receive deposits and make −
A
donations.
B
decisions for businesses.
C
loans.
D
money for the federal government.
5) A major advantage of trading with other nations is that −
A
we can conserve our resources.
B
jobs are sometimes eliminated.
C
factories can produce whatever they want.
D
we are able to purchase goods and services at a lower cost.
6) Both the United States and Virginia pursue worldwide trade to −
A
promote equal opportunities for all people.
B
enforce laws and guidelines enacted by Congress.
C
increase wealth and create jobs.
D
maintain peaceful relations with foreign countries.
7) The term “Global Economy” can BEST be described as the −
A
buying and selling of goods and services within a country.
B
worldwide purchasing and selling of goods and services.
C
international interest rate.
D
meeting to study rising interest rates.
8) Problem = Lower the cost of production Solution = ?????
A
Possible Solution: Charge consumers more money
B
Possible Solution: Use technology
C
Possible Solution: Use outdated machinery
D
Possible Solution: Purchase more expensive parts
9) What impact has innovation in technology had on the global flow of information, capital, and products?
A
harmed it
B
eliminated it
C
left it the same
D
improved it
10) What impact does the growth of the global economy have on businesses in Virginia?
A
The global economy has no impact on Virginia businesses.
B
Businesses in Virginia must become less efficient.
C
Businesses in Virginia must become more efficient.
D
Businesses in Virginia cannot compete with businesses in nations with cheap labor.
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?