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37. Unit 8-1: Pre-Depression Economics
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) During the first year of Herbert Hoover’s presidency the economy____________.
A
Cycles
B
Soars
C
Progresses
D
Collapses
2) Rugged Individualism is an ideal that if you work harder you will ____________.
A
Need assistance
B
Fail
C
Need Investors
D
Be successful
3) The Kellogg-Briand Pact states that it is now ______________to start an offensive war.
A
Punishable
B
Not necessary
C
Necessary
D
Illegal
4) Post WWI, Americans were tired of war and wanted the US to worry about the US and became ___________________.
A
Nationalist
B
Angered
C
Isolationist
D
Territorial
5) An economy occurs anywhere you buy and sell goods.
A
True
B
False
6) Economists believe that economics are ______________.
A
Strong
B
Cyclical
C
Manipulated
D
Weak
7) The Austrian School of Economics disagrees that economies are cyclical. They argue that economies cycle due to poor ____________________.
A
Government policies
B
Investors
C
Corporations
D
Stock market
8) An __________________is anyone who puts their money into a company to help it grow.
A
Stock market
B
Businessman
C
Corporation
D
Investor
9) When you invest in a business, if the business makes money you make money. If the business doesn’t do well or fails, you lose your money.
A
False
B
True
10) A ____________is owned by many different investors.
A
Stock market
B
Conglomerate
C
Investment
D
Corporation
*select an answer for all questions
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