Ch 116: NMTA Social Science: The Federal Government & the American Economy

About This Chapter

This chapter on the federal government and the American economy will help you prepare for economics questions on the NMTA Social Science test. After you complete each lesson, you can use its accompanying self-assessment to gauge how well you understand the information.

NMTA Social Science: The Federal Government & the American Economy - Chapter Summary

Use these video lessons and practice quizzes to help you study for the NMTA Social Science exam. This chapter will get you up to speed on the relationship between the federal government and the American economy. By the end of the chapter, you will have learned about the following:

  • US economic goals
  • Role of government in a market economy
  • Goals and effects of government fiscal policies
  • Government intervention in the economy
  • Principles of taxation and tax systems

Each lesson lasts less than ten minutes, and is accompanied by a full video transcript you can use to follow along. Use the printable worksheet to help you review lesson topics, and the video tags to quickly jump to the points in the lesson you want to review.

NMTA Social Science: The Federal Government & the American Economy Objectives

The NMTA Social Science exam is part of the licensure requirements to teach social science subjects in the state of New Mexico. The study tools in this chapter will help you prepare for economics questions on the test, which make up about 12% of the total test. Among other topics, you will be asked multiple-choice questions about forms of governmental regulation and how they affect production and consumption.

5 Lessons in Chapter 116: NMTA Social Science: The Federal Government & the American Economy
Test your knowledge with a 30-question chapter practice test
Economic Goals for the US Economy

1. Economic Goals for the US Economy

This lesson will highlight the key economic goals of the United States economy, including examples to help you remember these different values. You'll also consider some of the challenges of balancing these goals.

The Role of Government in a Market Economy

2. The Role of Government in a Market Economy

In this lesson, you'll examine the role of government in a market economy. You'll learn what kinds of activities may require government interaction, such as those related to consumer and property rights.

Government Fiscal Policies: Goals and Influence

3. Government Fiscal Policies: Goals and Influence

In this lesson, you'll learn about the measures used to determine the health of the economy, including the goals of a fiscal policy. You'll also also learn about some basic approaches the government uses to help stimulate a struggling economy.

Government Intervention in the Economy: Issues & Factors

4. Government Intervention in the Economy: Issues & Factors

In this lesson, you'll consider the question of when it's worthwhile for the government to take action related to the economy. We'll use concrete examples to help you understand these hotly debated issues.

Principles and Systems of Taxation

5. Principles and Systems of Taxation

In this lesson, you'll gain a better understanding of how our tax system works. Look into the different levels of taxation from the federal government to state and local governments.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the NMTA Social Science (303): Practice & Study Guide course

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