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

Economic Concepts Quiz

Quiz
•
Financial Education
•
12th Grade
•
Hard
Charles Sempkowski
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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