
Econ U4 Post Test Review
Quiz
•
Business
•
12th Grade
•
Easy
Camden Clay Ross
Used 78+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Name a long-term impact of tariffs on domestic consumers.
Domestic INCREASE of imported goods, prices of item RISES for consumers
Domestic DECREASE of imported goods, prices of item RISES for consumers
Domestic INCREASE of imported goods, prices of item SHRINKS for consumers
Domestic DECREASE of imported goods, prices of item SHRINKS for consumers
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If the Federal Government spends tax dollars on Infrastructure (roads and bridges), what type of economic policy is being practiced?
Comparative Advantage
Business investment
CPI
Expansionary fiscal policy
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In calculating GDP, what category does a company purchasing a new warehouse Fall under?
Business investment
Market Basket
Structural unemployment
CPI
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If CPI has INCREASED for 3 consecutive months, what can we assume has happened to the price of goods?
Decreased
Increased
Stays the same
yes
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The value of one country’s currency as compared to the currency of another country?
Exchange Rate
Embargo
Tariff
Quotas
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If a country can produce a good with a lower opportunity cost, they have _______?
Market Basket
World Trade
Country Advantage
Comparative advantage
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
How is the unemployment rate calculated?
number of people in the workforce divided by the total number of people with jobs
number of people in the workforce not divided by the total number of people without jobs
number of people in the workforce divided by the total number of people without jobs
number of people in the workforce not divided by the total number of people with jobs
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