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42. Unit 8-6: Stock Market Cash (part 2)
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) Price does not always determine worth, supply and __________ drive prices.
A
Investors
B
Demand
C
Need
D
Cost
2) When demand decreases, price decreases or increases.
A
increases
B
decreases
3) Fractional banking, while not illegal, is very risky. This happens when banks loan out larger or smaller percentages of money than they have on hand or take in.
A
larger
B
smaller
4) When people are fearful, they tend to _________more money than they spend.
A
Donate
B
Borrow
C
Invest
D
Save
5) When less money is being spent in the economy on goods, fewer goods_________________.
A
Cost
B
Are wanted
C
Are loaned
D
Are produced
6) The Hawley-Smoot Tariff, or tax, was instituted. This increased tax on foreign goods.
A
True
B
False
7) The US Government believed the Great Depression was exacerbated by people buying goods from other countries.
A
False
B
True
8) The modern media, text book writers, and the modern government want you to believe President Hoover did not get involved in the _____________during his presidency.
A
Economy
B
Increased taxes
C
Stock Market
D
Businesses
9) With the election of President Roosevelt, more or fewer government programs were started. He believed in big government and wanted to have control over the economy
A
more
B
fewer
10) President Hoover was very conservative and believed churches and charities should help needy people, not the government.
A
True
B
False
*select an answer for all questions
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