MacroEconomics - Part 2 Quiz

MacroEconomics - Part 2 Quiz

12th Grade

8 Qs

quiz-placeholder

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MacroEconomics - Part 2 Quiz

MacroEconomics - Part 2 Quiz

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Coach Flynn

Used 3+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Our tax money is spent on all of the following EXCEPT:

Social Security

The Military

Private School Education

National Parks

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

a tax in which the tax rate increases as the taxable amount increases
progressive
regressive
flat
proportional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cotton grown in South Carolina is shipped to Spain.
Import
Export

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

North Dakota received boots made in Canada

Import

Export

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Tariff?

A tax on imported and exported goods

A price marked on goods

Profit made from manufactured goods

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The government has little to no role in the production of goods in this type of economy.

Traditional

Mixed

Command

Market

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business owner who prefers to maintain complete control of all business activities might consider structuring the venture as a(n)
sole proprietorship
general partnership.
franchise
 corporation.

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major advantage of a business that is a partnership rather than a sole proprietorship?
The responsibility for the business is shared
The business is easy to set up
The partners are not responsible for business debts
The business is easy to sell