The Modern Economics of the USA: The Land of Debt & Demand
Interactive Video
•
Business, Religious Studies, Other, Social Studies
•
7th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Times Square used to symbolize in the context of the modern economy?
A hub for technological innovation
A symbol of advertising and demand
A historical landmark
A center for cultural exchange
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a post-scarcity civilization?
A society focused on agriculture
A society with no technological advancements
A society where resources are unlimited
A society with limited resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Maslow's hierarchy, which needs can be satisfied with unlimited resources?
Social needs
Physiological and safety needs
Self-actualization needs
Esteem needs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the United States economy create needs?
By limiting resources
By producing more goods
By advertising and marketing
By increasing taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has become the most important factor in modern economies?
Production capacity
Consumer demand
Agricultural output
Technological innovation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two components of demand?
Marketing and advertising
Debt and credit
Supply and production
Willingness and ability to purchase
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does debt influence consumer demand?
It increases the ability to purchase
It only affects wealthy individuals
It has no effect on demand
It decreases consumer spending
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