
Economic Changes and Consequences Since 1971
Interactive Video
•
History, Business, Social Studies
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major economic shift occurred in the US in 1971?
The US introduced a new currency.
The US dollar was pegged to the euro.
The US left the gold standard.
The US adopted the gold standard.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the first economic consequences after the US left the gold standard?
The dollar devalued significantly.
The dollar gained value.
Inflation rates dropped.
Government spending decreased.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the value of the US dollar change relative to gold after 1971?
It increased by 90%.
It remained stable.
It lost over 90% of its value.
It doubled in value.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did wealthy individuals do to protect their wealth after the US moved to a fiat system?
Invested in government bonds.
Kept their wealth in cash.
Exchanged dollars for hard assets like real estate and stocks.
Invested in foreign currencies.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What trend was observed in home appreciation versus income in major US cities since 1971?
Home appreciation and income grew at the same rate.
Home appreciation outpaced income growth.
Income growth outpaced home appreciation.
Both home appreciation and income declined.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a significant result of the economic changes since 1971?
Stable income distribution.
Decreased wealth inequality.
Equal income growth across all sectors.
Increased wealth inequality.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the income of the top 5% of earners changed compared to the average American since 1971?
It has increased slightly.
It has increased significantly.
It has remained the same.
It has decreased.
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for History
16 questions
Government Unit 2
Quiz
•
7th - 11th Grade
10 questions
Exploring WW1 Through Oversimplified Perspectives
Interactive video
•
6th - 10th Grade
10 questions
Exploring Mendeleev's Periodic Table Innovations
Interactive video
•
6th - 10th Grade
20 questions
Live Unit 5 Form Quiz #2 (Labor Unions, Indians, Progressives)
Quiz
•
11th Grade
10 questions
Exploring the Causes of the American Revolution
Interactive video
•
6th - 10th Grade
10 questions
Early River Valley Civilizations
Quiz
•
6th - 12th Grade
12 questions
CE 2b Early Documents Review
Quiz
•
7th Grade - University
23 questions
Imperialism and World War I
Quiz
•
11th Grade