1: The government must provide some goods and services because
A: they are too expensive for entrepreneurs to provide.
B: demand for them is greater than supply.
C: private producers have no incentive to do so.
D: not many people are interested in buying them.
Is the Answer C?
2: which of these goods or services is paid for with federal taxes.
A: Community roads.
B: military bases.
C: public universities.
D: police protection.
Is the answer D?
3: how would voters most likely reactive political leaders raise taxes by 50%.
A: they would not make any changes in their behavior.
B: they would demand more public goods and services.
C: they would stop voting in elections.
D: they would not re-elect the leaders.
Is the answer D?
4: what is one problem with putting off the cost of policies in public services.
A: The national debt will continue to grow.
B: voters will not enjoy the benefits of the programs.
C: politicians will refuse to vote for laws that do this.
D:The federal budget will remain balanced.
Is the answer A?
5: GDP typically calculates the value of the overall economy on a ________ basis.
A: daily
B: monthly
C: quarterly
D: yearly
Is the answer D?
What is the best definition of the term recession?
A: A time when net imports are greater than net exports
B: A period of decline in overall income and employment
C: a time when GDP per capita rises overall
D: A period of heightend government spending
Is the Answer B?
7: which of these people is part of the labor force
A: an eighth-grader with a paper route
B: A retired sales person
C: A full-time college student
D: an auto mechanic
Is the answer D?
8: what is the most likely result of incomes not rising as quickly as inflation?
A: people are able to buy fewer goods and services
B: The unemployment rate rises as more people look for jobs.
C: many people decide to leave the labor force
D: consumers buy more goods before inflation Raises prices more
Is the answer A?
14 answers
http://www.multpl.com/us-gdp-inflation-adjusted/table
I agree with Reed about the other answers.
1. c
2. b
3. d
4. a
5. d
6. b
7. d
8. a
Last quiz for the whole year!!!!!!! done with history and got a hundred this really made my day. Well it would've made my day but it's already night.
ANSWER
1. C
2. B
3. D
4. A
5. D
6. B
7. D
8. A
7 grade connections
1 answer