Economic Concepts Quiz

Economic Concepts Quiz

12th Grade

10 Qs

quiz-placeholder

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Economic Concepts Quiz

Economic Concepts Quiz

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Charles Sempkowski

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The minimum wage was established at national and state levels as the lowest legal wage that can be paid to the majority of workers.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

U.S. economic and social goals are likely to remain unchanged in the future.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Social Security is one example of how Americans have modified their free enterprise economy.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In general, people do not want their economic system to create as many jobs as possible.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth is necessary as a nation’s population increases.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of the federal health insurance program for senior citizens?

Social Security

Medicare

Medicaid

Social Care

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation causes people to _______.

work more to pay for basic necessities

take more time off work

work the same hours for the same pay

spend less for the same amount of goods and services

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