1. Questions

SOCIAL STUDIES

Business and Investing Quiz

1. suppose that people in your community voted to eliminate all local taxes. Which of these goods and services would most likely disappear.
A. interstate highway maintenance
B. neighborhood trash pickup
C. regional military base
D. grocery store parking lots

2. What is the best definition of the term recession?
A. a time when net imports are greater than net exports
B. a period of decline in overall income and employment
C. a time when GDP per capita rises overall
D. a period of heightened government spending.

3. A lightning technician's work on a movie shoot ends in a week. What type of unemployment will she experience at that time.
A. frictional
B. structural
C. casual
D. cyclical

4. Which is an example of a lending investment?
A. stocks
B. bonds
C. money market
D. cash

5. Which of the following happens to stock when a company's profits fall?
A. Shareholders get stock insurance payments
B. Shareholders' stock lost value
C. Shareholders are given more stock
D. Shareholders cash in their interest

6. Which of the following describes a market in which there are few competitors?
A. oligopoly
B. monopoly
C. cash equivalent
D. stock market

7. Lower costs to allow for more money for research and development is an example of how which type of entity benefits the economy?
A. stock market
B. oligopoly
C. monopoly
D. bank

8. Ensuring banks are treating customers fairly is a function of which of the following?
A. Consumer Price Index
B. Federal Reserve System
C. money markets
D. tax collectors

9. Which people would contribute to the GDP of the United States? Select all that apply.
A. a U.S. citizen producing goods in Portugal
B. a citizen of Japan producing goods in the United States
C. a U.S. citizen producing goods in the United States
D. a citizen of Spain producing goods in Brazil
E. a U.S. citizen producing goods in Canada

10. What is meant by the term unemployment rate?
A. the speed at the which people lose their jobs during a particular year
B. the length of time it takes for unemployment to go down
C. the number of people who want employment but cannot get jobs
D. the number of jobs for which employers cannot find workers