37. Unit 8-1: Pre-Depression Economics Question Preview (ID: 51305)
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During the first year of Herbert Hoover’s presidency the economy____________.
a) Soars
b) Progresses
c) Cycles
d) Collapses
Rugged Individualism is an ideal that if you work harder you will ____________.
a) Fail
b) Need assistance
c) Be successful
d) Need Investors
The Kellogg-Briand Pact states that it is now ______________to start an offensive war.
a) Necessary
b) Not necessary
c) Illegal
d) Punishable
Post WWI, Americans were tired of war and wanted the US to worry about the US and became ___________________.
a) Angered
b) Isolationist
c) Territorial
d) Nationalist
An economy occurs anywhere you buy and sell goods.
a) True
b) False
c)
d)
Economists believe that economics are ______________.
a) Strong
b) Weak
c) Cyclical
d) Manipulated
The Austrian School of Economics disagrees that economies are cyclical. They argue that economies cycle due to poor ____________________.
a) Stock market
b) Investors
c) Corporations
d) Government policies
An __________________is anyone who puts their money into a company to help it grow.
a) Stock market
b) Corporation
c) Investor
d) Businessman
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) True
b) False
c)
d)
A ____________is owned by many different investors.
a) Conglomerate
b) Stock market
c) Investment
d) Corporation
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