Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
American Economy And Gov't Involvement
Test Description: Unit 4 Exam Review
Instructions: Answer all questions to get your test result.
1) Which of the following is NOT a characteristic of the U.S economy.?
A
Profit Motivation
B
Self Interest
C
Competition
D
Federal Regulation
2) _________________ is a benefit of the US economy that requires a lot of government involvement.
A
Responsive Prices
B
Variety of Goods
C
Protection
D
Freedom
3) ___________________is a benefit of the US economy that allows producers to be very flexible.
A
Protection
B
Variety of Goods
C
Responsive Prices
D
Freedom
4) __________________is encouraged because new products will stimulate the economy and create new jobs.
A
None of the answers
B
entrepreneurship
C
Contractionary policies
D
Decreasing the money supply
5) When an inventor gets a_______________ for his work, it means that the government will permit him to earn all profits for 20 years.
A
Bill
B
Letter
C
Notice
D
Patent
6) Government supports research to improve technology, which__________affects the economy.
A
Negatively
B
Positively
C
Adversely
D
Rarely
7) Who is responsible for creating the federal budget?
A
None of the answers
B
Congress
C
Vice President
D
President
8) If the President vetoes the national budget bills, it sent back to _________________ for mending.
A
Citizens
B
None of the answers
C
Congress
D
Vice President
9) The Federal Reserve is governed by a seven-member panel known as the ________________.
A
None of the answers
B
House of Representatives
C
Board of Governors
D
Senate
10) __________________________of the Federal Reserve decides if any changes to the money supply are needed.
A
None of the above
B
Federal Advisory Council
C
Federal Open Market Committtee
D
Board of Governors
11) The Federal Reserve can decrease the money supply by ________________ bonds.
A
Buying
B
Selling
C
None of the answers
D
Trading
12) The conducts check-clearing services for all banks in the country.
A
Vice President
B
President
C
Federal Reserve
D
None of the answers
13) The Federal Reserve can increase the money supply by ____________ bonds.
A
None of the answers
B
Buying
C
Selling
D
Trading
*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?