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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
Progresses
B
Soars
C
Cycles
D
Collapses
2) Rugged Individualism is an ideal that if you work harder you will ____________.
A
Fail
B
Need assistance
C
Need Investors
D
Be successful
3) The Kellogg-Briand Pact states that it is now ______________to start an offensive war.
A
Punishable
B
Illegal
C
Necessary
D
Not necessary
4) Post WWI, Americans were tired of war and wanted the US to worry about the US and became ___________________.
A
Nationalist
B
Territorial
C
Angered
D
Isolationist
5) An economy occurs anywhere you buy and sell goods.
A
False
B
True
6) Economists believe that economics are ______________.
A
Strong
B
Weak
C
Cyclical
D
Manipulated
7) The Austrian School of Economics disagrees that economies are cyclical. They argue that economies cycle due to poor ____________________.
A
Government policies
B
Stock market
C
Corporations
D
Investors
8) An __________________is anyone who puts their money into a company to help it grow.
A
Corporation
B
Stock market
C
Investor
D
Businessman
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
Investment
B
Corporation
C
Conglomerate
D
Stock market
*select an answer for all questions
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