well i am in a homeschool program and i lost my book, and have 3 more exams to do before i graduate high school. Ive tried just using the internet and google and all that to complete it, and i cannot afford a new book. the exams are all multiple choice so heres one of the exams, any help is appreceated!
1. what principal refers to the fact that a person is prevented from consuming private goods unless he or she pays for them?
a. nonexclusion
b. private goods
c. exclusion
d. consumption
2. what shows an economies production after the distortions of price increases have been removed?
a. real GDP
b. the business cycle
c. peak
d. the consumer price index
3.what laws are designed to control monopoly power and to preserve and promote competition?
a. externality
b. antitrust
c. natural monopoly
d. merger
4. ______ tax takes the same percentage of income from everone regardless of their earnings
a. sales
b. progressive
c. proportional
d. regressive
5. which act establised the federal deposit insurance corporation?
a. federal reserve act
b. mational banking act
c. gramm-leech-bliley act
d.glass-stegall banking act
6.the ___ is the interest rate the federal reserve charges on its loans.
a. central rate
b. reserve rate
c open market rate
d discount rate
7. when passd by congress, _____ becomes laws that autorize spending for a particular activity.
a. tax initiatives
b. budget resolutions
c. appropriations bills
d. entitlement programs
8. the _____ is deducted from a workers paycheck to fund social security and medicare.
a. payroll tax
b. excise tax
c. estate tax
d. proportional tax
9. _____ programs provide health, nutritional, or income patements to people meeting certain eligibilty requirements.
a. bond
b. stabalizing
c. entitlement
d. subsidy
10. a _____ occurs when spending equals revenue.
a. balanced budget
b. deficit
c. surplus
d. rebate
11. what is the tern for goods that when consumedby one individual, cannot be consumed by another?
a. exclusive goods
b. public goods
c. private goods
d. nonexlcusive goods
12. what do alteration periods of economic growth and decline make up
a. recession
b. peak
c. business cycle
d. expansion
13. an ____ is an unintended side effect of an action that affects someone not invilved in the action.
a. externality
b. unemployment rate
c. expansion
d. exclusion
14. _____ are low cost financial instituisions open only to workers of the group that spoonsor them.
a. commercial banks
b. savings and loan associations
c. credit unions
d. central banks
15. ______ are the percentage of deposites that banks must set aside either in their vaults or in their federal reserve district bank
a. reserves
b. futures
c. caches
d. certificates of deposite
16. which act permits bank holding companies greater freedom to engage in a full range of financial services?
a. federal reserve act
b. glass-stegall banking act
c. gramm-leach-bailey act
d. national banking act
17. whihc term refers to money thaty one level of governemnt recives from another level?
a. intergovernmental revenue
b. property tax
c. sales tax
d. subsidized revenue
18. which term refers to a state paying part of the costs of a colege education for resident students?
a. stablize
b. appropriate
c. subsidized
d. entitle
19. a ______ occurs whenb the government spends more than it collects in revenue.
a. surplus
b. tak hike
c. deficit
d. subsidy
20. _______ total revenues and spending for the year and set targets for how much will be spent in various categories.
a. deficit reports
b. budget resolutions
c. automatic stabalizers
d. appropriate bills.
21.which government expenditures must be authorized each year?
a. mandatory spending
b. tax rebates
c. discretionary spending
d. dificit spending
22. what is a combination of two or more companies to form a single business?
a. merger
b. monopoly
c. expansion
d. externality
23. what are government coupons that can be used to purchase food?
a. workfare
b.FOOD STAMPS
c. food coupons
d. EITC
24. the major policy-making group witin the fed is the:
a. board of governors
b. FOMC
c. federal eadvisory commitee
d. FDIC
25. _____ accounts allow bank customers to write checks or use check cards.
a. debit
b. savings
c. investment
d. checking <-?
Thank you for using the Jiskha Homework Help Forum. If you have lost your book and can not retreive it, contact a school that uses that textbook to see if you can "borrow" one. Also contact your local library to see if they have a copy. Most school districts have copies available from the publisher on hand for evaluation. List the name of that textbook in case we can find it online.
#25 is correct.
Be sure to indicate what you think the answers are. Then someone here will give you feedback.
=)
haha that's the problems the only 2 i know i did indicate...the others im completely clueless lol...
Obviously, we're not going to do your exam for you. We've already graduated from high school and have a couple of college degrees. I urge you to follow SraJMcGin's advice and try to borrow a copy of your text. If that's not possible, then you'll probably need to bite the bullet and buy a new textbook.
Which homeschool program are you enrolled in? I am homeschooled as well.
ehh i just spent like 6 hours googling crap and got the final tests done...got a 88 a 92 and a 77 on the final...not as well as i would have like but oh well im no longer a highschool student so that's cool i guess..
james madison homeschool...its pretty expensive i wish i woudlve just sucked it up and finished public school, but i had a few things going on in my life at the time that made it difficult...but oh well i got through those problems and now through high school so now im ready for college...unfortunately im going to have to go to tech at first because i didn't apply to anything in time but oh well...
i'm doing the same homeschool program! it was expensive as hell but oh well
I'm sorry to hear that you lost your book and are having difficulty finding the answers to your exams. While I cannot directly provide the answers to your questions, I can guide you on how to find them.
1. For the first question, read the options carefully and understand the concepts of nonexclusion, private goods, exclusion, and consumption. Think about which principle best fits the definition provided in the question, which is about being prevented from consuming private goods unless one pays for them. Once you have a good understanding of the concepts, you can eliminate the options that don't match the definition and make an educated guess.
2. For the second question, again, read the options carefully and think about the concept of an economy's production after price distortions have been removed. Understand the terms real GDP, the business cycle, peak, and the consumer price index. Eliminate the options that don't match the definition and make an educated guess.
3. For the third question, understand the concept of monopoly power and how it relates to competition. Read the options carefully and think about which one is designed to control monopoly power and promote competition. Eliminate the options that don't match the definition and make an educated guess.
4. For the fourth question, understand the concept of a tax that takes the same percentage of income from everyone regardless of earnings. Read the options carefully and eliminate the ones that don't match the definition.
5. For the fifth question, read the options carefully and think about which act established the Federal Deposit Insurance Corporation. Try to recall any information or context you have learned about this act.
6. For the sixth question, understand the concepts of interest rates, the Federal Reserve, and its loans. Read the options carefully and think about which one refers to the interest rate the Federal Reserve charges on its loans. Eliminate the options that don't match the definition.
7. For the seventh question, understand the concepts of tax initiatives, budget resolutions, appropriations bills, and entitlement programs. Think about which one, when passed by Congress, becomes laws that authorize spending for a particular activity. Eliminate the options that don't match the definition.
8. For the eighth question, understand the concept of a deduction from a worker's paycheck to fund Social Security and Medicare. Read the options carefully and think about which one matches the definition. Eliminate the options that don't match.
9. For the ninth question, understand the concepts of bond, stabilizing, entitlement, and subsidy. Think about which program provides health, nutritional, or income payments to people meeting certain eligibility requirements. Eliminate the options that don't match the definition.
10. For the tenth question, understand the concept of a balanced budget, deficit, surplus, and rebate. Think about which one occurs when spending equals revenue. Eliminate the options that don't match the definition.
11. For the eleventh question, understand the concepts of exclusive goods, public goods, private goods, and nonexclusive goods. Think about which term refers to goods that when consumed by one individual cannot be consumed by another. Eliminate the options that don't match the definition.
12. For the twelfth question, understand the concepts of recession, peak, business cycle, and expansion. Think about what alteration periods of economic growth and decline make up. Eliminate the options that don't match the definition.
13. For the thirteenth question, understand the concept of an unintended side effect of an action that affects someone not involved in the action. Read the options carefully and think about which one matches the definition. Eliminate the options that don't match.
14. For the fourteenth question, understand the concepts of commercial banks, savings and loan associations, credit unions, and central banks. Think about which financial institutions are low-cost and only open to workers of the group that sponsors them. Eliminate the options that don't match the definition.
15. For the fifteenth question, understand the concepts of reserves, futures, caches, and certificates of deposit. Think about which one refers to the percentage of deposits that banks must set aside either in their vaults or in their Federal Reserve district bank. Eliminate the options that don't match the definition.
16. For the sixteenth question, understand the concepts of the Federal Reserve Act, Glass-Steagall Banking Act, Gramm-Leach-Bliley Act, and National Banking Act. Think about which act permits bank holding companies greater freedom to engage in a full range of financial services. Eliminate the options that don't match the definition.
17. For the seventeenth question, understand the concepts of intergovernmental revenue, property tax, sales tax, and subsidized revenue. Think about which term refers to money that one level of government receives from another level. Eliminate the options that don't match the definition.
18. For the eighteenth question, understand the concepts of stabilize, appropriate, subsidized, and entitle. Think about which term refers to a state paying part of the costs of a college education for resident students. Eliminate the options that don't match the definition.
19. For the nineteenth question, understand the concept of a surplus, tax hike, deficit, and subsidy. Think about which term occurs when the government spends more than it collects in revenue. Eliminate the options that don't match the definition.
20. For the twentieth question, understand the concepts of deficit reports, budget resolutions, automatic stabilizers, and appropriate bills. Think about which term refers to total revenues and spending for the year and setting targets for how much will be spent in various categories. Eliminate the options that don't match the definition.
21. For the twenty-first question, understand the concepts of mandatory spending, tax rebates, discretionary spending, and deficit spending. Think about which government expenditures must be authorized each year. Eliminate the options that don't match the definition.
22. For the twenty-second question, understand the concepts of merger, monopoly, expansion, and externality. Think about which term refers to a combination of two or more companies to form a single business. Eliminate the options that don't match the definition.
23. For the twenty-third question, understand the concepts of workfare, food stamps, food coupons, and EITC (Earned Income Tax Credit). Think about which term refers to government coupons that can be used to purchase food. Eliminate the options that don't match the definition.
24. For the twenty-fourth question, understand the concepts of the board of governors, FOMC (Federal Open Market Committee), Federal Advisory Committee, and FDIC (Federal Deposit Insurance Corporation). Think about which one is the major policy-making group within the Fed. Eliminate the options that don't match the definition.
25. For the twenty-fifth question, understand the concepts of debit accounts, savings accounts, investment accounts, and checking accounts. Think about which one allows bank customers to write checks or use check cards. Eliminate the options that don't match the definition.
By following these steps, carefully understanding the concepts behind each question, and eliminating the options that don't match the definitions, you should be able to make educated guesses and increase your chances of getting the correct answers on your exams. Good luck!