Free-market economies are meant to exist without governmental control.
Is this statement true or false?
Responses
true
true
false
false
The consumer, not business, is considered the most important facet of a capitalist economy.
Is this statement true or false?
Responses
true
false
false
The United States capitalist system has always been heavily regulated by the government.
Is this statement true or false?
Responses
true
true
false
false
false
Feed-the-Pig.org is an educational website educating consumers on the dangers of credit and loan services.
Is this statement true or false?
Responses
true
true
false
false
Laissez faire is the term used to describe a capitalist economy without any regulations.
Is this statement true or false?
Responses
true
true
false
true
Consumers have no impact on the price of an item but can only pay the costs as set by the manufacturer and store.
Is this statement true or false?
Responses
true
true
false
false
false
Globalization has led to an increase in the importation of agricultural goods due to the widespread specialization of production for exportation.
Is this statement true or false?
Responses
true
true
false
true
Consumption is the ratio of waste and garbage left behind after goods are consumed.
Is this statement true or false?
Responses
true
true
false
false
The first forms of credit cards were issued in the early 1900s by oil companies and department stores.
Is this statement true or false?
Responses
true
true
false
true
Capitalism is criticized for creating disparity in wealth distribution.
Is this statement true or false?
Responses
true
true
false
true
The stock market is used as an indicator of how strong a capitalist economy is.
Is this statement true or false?
Responses
true
true
false
true
The stock market crash of 1929 was influenced by unnaturally high stock prices that couldn't be sustained.
Is this statement true or false?
Responses
true
true
false
true
Which of these are examples of organizations addressing America's sustainability concerns?
Is this statement true or false?
Responses
Community Supported Agriculture
Community Supported Agriculture
Farmer's Markets
Farmer's Markets
Buy Local membership organizations
Buy Local membership organizations
all of the above
all of the above
The U.S. Federal Government's 2008-2009 bailout plan invested trillions of dollars into which of the following?
ResponsesThe U.S. Federal Government's 2008-2009 bailout plan invested trillions of dollars into which of the following?
Responses
American taxpayers
American taxpayers
major U.S. corporations
major U.S. corporations
small businesses
small businesses
U.S. national debt
American taxpayers
American taxpayers
major U.S. corporations
major U.S. corporations
small businesses
small businesses
U.S. national debt
American taxpayers, major U.S. corporations, U.S. national debt.
The U.S. Federal Government's 2008-2009 bailout plan invested trillions of dollars into which of the following?
Responses
American taxpayers
major U.S. corporations
small businesses
U.S. national debt
American taxpayers, major U.S. corporations, U.S. national debt.
Ecological footprint, or the measure of human demand on the Earth's ecosystems, is greatly impacted by which of the following?
Responses
the strength of the economy
the strength of the economy
the types of items humans consume
the types of items humans consume
global conflict
global conflict
the level of human consumption
the types of items humans consume, the level of human consumption.
Which of the following is an organization that helps consumers to identify and support local agriculturally responsible farmers?
Responses
Agricultural Harvest
Agricultural Harvest
Sustainable Harvest
Sustainable Harvest
Future Farmers of America
Future Farmers of America
Local Harvest
Local Harvest
The purchase of which of the following types of items takes money away from the local economy?
Responses
imported
imported
luxury
luxury
unsustainable
unsustainable
processed
imported
Consumption is the purpose of production, according to which of the following individuals?
Responses
Adam Smith
Adam Smith
Franklin D. Roosevelt
Franklin D. Roosevelt
Theodore Roosevelt
Theodore Roosevelt
Irving Fisher
Irving Fisher
Adam Smith
Which of these government created agencies was part of Franklin Roosevelt's New Deal program?
Responses
CCC (Civilian Conservation Corp)
CCC (Civilian Conservation Corp)
TVA (Tennessee Valley Authority)
TVA (Tennessee Valley Authority)
WPA (Works Project Administration)
WPA (Works Project Administration)
all of the above
all of the above
Which of the following corporations was the first to extend loans to customers to purchase automobiles in the United States?
Responses
BMW
BMW
Toyota
Toyota
Honda
Honda
General Motors Corporation
General Motors Corporation
General Motors Corporation
Which of the following are factored into the impact of consumption of items?
Responses
process of production of the item
process of production of the item
transportation or shipping costs
transportation or shipping costs
packaging
packaging
all of the above
all of the above
all of the above
Which of the following presidents was the first to challenge the large scale corporate combinations that were influencing the free market society of the late 1800s?
Responses
Franklin Roosevelt
Franklin Roosevelt
Woodrow Wilson
Woodrow Wilson
Theodore Roosevelt
Theodore Roosevelt
Thomas Jefferson
Theodore Roosevelt
Which of the following statements best describes the contrast of monetary investment made by President Obama's Bailout plan in comparison to President Roosevelt's New Deal?
Responses
Obama Bailout plan invests money in struggling Corporations
Obama Bailout plan invests money in struggling Corporations
New Deal invests government money into economy
New Deal invests government money into economy
Bailout plan required tax payer money
Bailout plan required tax payer money
all of the above
all of the above
Revolving balance credit cards are those in which consumers must do which of the following?
Responses
Pay the entire balance every month.
Pay the entire balance every month.
Pay an annual amount.
Pay an annual amount.
Pay a portion of their balance every month.
Pay a portion of their balance every month.
none of the above
Pay a portion of their balance every month.
Which of the following was the first bank card which allowed a customer to charge a purchase straight to their bank account?
Responses
MasterCard
MasterCard
The Diners Club Card
The Diners Club Card
Charg-It
Charg-It
American Express
The Diners Club Card
Purchasing goods from a local farmer's market can impact many aspects of the local community.
Which of these reflect that impact?
Responses
Locally grown food items tend to be healthier.
Locally grown food items tend to be healthier.
Locally grown produce only travels a short amount, reducing transportation costs.
Locally grown produce only travels a short amount, reducing transportation costs.
Purchases from local growers help the local economy.
Purchases from local growers help the local economy.
all of the above
all of the above
all of the above
When did the economic crisis of the 1930s end?
Responses
after World War I
after World War I
at the start of the Vietnam War
at the start of the Vietnam War
after World War II
after World War II
at the start of the Cold War
after World War II
In what industry did a sudden decrease in value lead to the Economic Crisis of 2008 in America?
Responses
Stock Market
Stock Market
Technology Industry
Technology Industry
Housing Market
Housing Market
all of the above
Housing Market
Which of the following is the term used to describe lenders who solicit people with false and corrupt loan opportunities?
Responses
fraudulent lending
fraudulent lending
false lending
false lending
illegal lending
illegal lending
predatory lending
predatory lending
Which of the following plays the biggest role in determining the price of an item?
Responses
laissez-faire
laissez-faire
supply and demand
supply and demand
popularity
popularity
market economy
market economy
supply and demand
Which of the following is not an example of government involvement in a capitalist economy?
Responses
Trust-busting
Trust-busting
Laissez-faire
Laissez-faire
The New Deal
The New Deal
2008-2009 bailout plan
Laissez-faire
Which of the following had the biggest impact in the development of big business monopolies?
Responses
market forces
market forces
government intervention
government intervention
low demand
low demand
laissez-faire capitalism