American Society Unit 5 Test (ML Modified)

Who benefits most from trickle-down economics?

• rich people

• poor people

• middle-class people

Why did the Dot Com Bubble burst?

• companies did not make enough profit, so they could not grow over time

• the government intervened in businesses

What was NAFTA's primary job?

• to stop trade barriers

• to increase tariffs on imports

What was the main consequence of the ExxonMobil scandal?

• lied to the public about climate change

• government takeover of the oil industry

What caused the Great Recession?

• subprime mortgages on homes

• trade disputes with China

Because of NAFTA, which industry had the most job losses?

• manufacturing

• agriculture

• healthcare

What was the primary concern during the Y2K scare?

• computer system failures

• financial market collapsing

What is the primary purpose of the Federal Minimum Wage?

• to set a base wage for the entire country

• to reduce government spending

What did Occupy Wall Street highlight?

• wealth inequality

• housing shortages

What is a major effect of student loan debt?

• people wait longer to buy homes

• people start families at a younger age