Copyright
Praxis Middle School Social Studies (5089): Practice & Study Guide  /  History Courses

Test Prep Plan - Take a practice test

Take this practice test to check your existing knowledge of the course material. We'll review your answers and create a Test Prep Plan for you based on your results.
How Test Prep Plans work
1
Answer 50 questions
Test your existing knowledge.
2
View your test results
Based on your results, we'll create a customized Test Prep Plan just for you!
3
Study smarter
Study more effectively: skip concepts you already know and focus on what you still need to learn.

Praxis Middle School Social Studies: Macroeconomics 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!

Page 1

Question 1 1. Why is it critical to put at least a little money from each paycheck into your savings?

Question 2 2. Why might a government decide to grant a monopoly in a heavily regulated industry?

Question 3 3. Which of the following is paid for using federal tax dollars?

Question 4 4. Why are non-essential items budgeted last in a personal budget?

Question 5 5. What economic problem occurred in 2008 that led to the passage of the Dodd-Frank Act?

Page 2

Question 6 6. Which of the following provides a loan to a company or government?

Question 7 7. What is defined as the economic mixing and interdependence of economies across the world through an escalation of cross-cultural movement of goods, services, technologies and wealth?

Question 8 8. If you needed to increase the GDP, why might you focus on consumption to do this?

Question 9 9. The Bureau of Labor Statistics categorizes an individual as unemployed if they are:

Question 10 10. Which of the following would NOT be included in consumption?

Page 3

Question 11 11. For the majority of states, where does revenue originate for state level government?

Question 12 12. Which of the following people would NOT be counted as unemployed in the official government statistics?

Question 13 13. How did increased regulation impact the mortgage market after 2008?

Question 14 14. How do producers try to better understand their consumers?

Question 15 15. Which of the following is NOT part of the Entrepreneurial Spirit?

Page 4

Question 16 16. Income taxes are paid using what method?

Question 17 17. Which of the following is NOT a consumer?

Question 18 18. A set of goods in which the demand increases as the prices increase are collectively known as what, which are named after whom?

Question 19 19. What is defined as the bringing in of foreign goods into an economy?

Question 20 20. Which of the following is considered an example of a government intervention?

Page 5

Question 21 21. How do governments plan for greater consumer demand?

Question 22 22. Which of the following is NOT a producer?

Question 23 23. Which of the following individuals would be counted as unemployed?

Question 24 24. Which of the following statements is most accurate?

Question 25 25. A change in market price will _____ the supply curve.

Page 6

Question 26 26. Which job is considered an intellectual input?

Question 27 27. When savings leaks out of the circular flow model, what happens to it?

Question 28 28. Which level of government relies mainly on property taxes?

Question 29 29. In December 2016, 155,000 of Mainfield's adult residents were employed while 27,000 were unemployed. What was Mainfield's unemployment rate in December?

Question 30 30. Supply in economics is defined as a _____ a given good at various price points.

Praxis Middle School Social Studies: Macroeconomics 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!

Support