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MTEL History: U.S. Economy Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following is the main measure of the size of an economy?

Question 2 2. Which of the following does NOT contribute to a larger economy?

Question 3 3. What is the economy?

Question 4 4. Characteristics of the secondary labor market include:

Question 5 5. Select the answer choice that best defines a profession.

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Question 6 6. Labor unions seek to do which of the following?

Question 7 7. Which of the following is the best definition of an 'economic institution'?

Question 8 8. Through which of the following would you buy and sell shares in companies?

Question 9 9. Which of the following is the best definition of the IRS?

Question 10 10. Which of the following is NOT true about how the government protects the U.S. economy?

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Question 11 11. Which of the following is NOT a goal of the U.S. government that can be accomplished by fiscal policy?

Question 12 12. For three quarters in a row, economic growth increased by 3%, 5% and 7%. As it was close to the election, the government did not try to stabilize the growth. In the last quarter of the year, the economy drastically fell by 5%. Which of the following best describes such an occurrence?

Question 13 13. Who founded Standard Oil Company?

Question 14 14. The stock market crash leading to the Great Depression took place in which year?

Question 15 15. Who was the first Secretary of the Treasury?

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Question 16 16. Why might a government decide to grant a monopoly in a heavily regulated industry?

Question 17 17. What theory seeks to explain that individuals who act in their own self-interest might deplete a common resource important to a whole group of people?

Question 18 18. Economic regulators are responsible for overseeing which of the following industries?

Question 19 19. What is the definition of exchange rate?

Question 20 20. What is the name of a type of tax that is placed upon an imported product to make it more expensive?

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Question 21 21. Which of the following is a reason that exchange rates are so critical to international markets?

Question 22 22. What is the relationship between the U.S. dollar and its impact on globalization and the U.S. economy?

Question 23 23. What is the best definition of globalization?

Question 24 24. What are some factors that influence globalization?

Question 25 25. What is the overall effect of imports and exports on the US economy?

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Question 26 26. Characteristics of the primary labor market include:

Question 27 27. Which of the following examples of private banks hold depositors' money but cannot invest that money?

Question 28 28. You are an adviser to the Federal Reserve. Select which of the following is a goal that monetary policy should NOT strive towards nor have influence over?

Question 29 29. Who authorized the Louisiana Purchase in 1803?

Question 30 30. How did increased regulation impact the mortgage market after 2008?

MTEL History: U.S. Economy Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

MTEL History (06): Practice & Study Guide  /  History Courses
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