Practice Test 3

Practice Test 3

12th Grade

45 Qs

quiz-placeholder

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Practice Test 3

Practice Test 3

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Jocelyn Morales

Used 1+ times

FREE Resource

45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary characteristic of nonprofit service cooperatives?

They aim to maximize profits for shareholders.

They provide services to their members at cost.

They are owned by government entities.

They primarily focus on manufacturing goods.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common risk factor associated with investments?

Guaranteed returns

Market volatility

Fixed interest rates

Government subsidies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a cause of inflation?

Decrease in money supply

Increase in production costs

Decrease in consumer demand

Increase in unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one effect of inflation on the economy?

Decrease in prices

Increase in purchasing power

Decrease in currency value

Increase in savings rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a major source of federal revenue?

Property taxes

Sales taxes

Income taxes

Tariffs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply side economics primarily focuses on:

Increasing consumer demand

Reducing government spending

Increasing production and supply

Controlling inflation through monetary policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital investments

Consumer spending

Corporate profits

Currency exchange

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