Question

Free-market economies are meant to exist without governmental control.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
false
lil Z
The consumer, not business, is considered the most important facet of a capitalist economy.

Is this statement true or false?

Responses

true


false
GPT 3.5
false
lil Z
The United States capitalist system has always been heavily regulated by the government.

Is this statement true or false?

Responses

true
true

false
false
GPT 3.5
false
lil Z
Feed-the-Pig.org is an educational website educating consumers on the dangers of credit and loan services.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
false
lil Z
Laissez faire is the term used to describe a capitalist economy without any regulations.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
true
lil Z
Consumers have no impact on the price of an item but can only pay the costs as set by the manufacturer and store.

Is this statement true or false?

Responses

true
true

false
false
GPT 3.5
false
lil Z
Globalization has led to an increase in the importation of agricultural goods due to the widespread specialization of production for exportation.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
true
lil Z
Consumption is the ratio of waste and garbage left behind after goods are consumed.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
false
lil Z
The first forms of credit cards were issued in the early 1900s by oil companies and department stores.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
true
lil Z
Capitalism is criticized for creating disparity in wealth distribution.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
true
lil Z
The stock market is used as an indicator of how strong a capitalist economy is.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
true
lil Z
The stock market crash of 1929 was influenced by unnaturally high stock prices that couldn't be sustained.

Is this statement true or false?

Responses

true
true

false
GPT 3.5
true
lil Z
Which of these are examples of organizations addressing America's sustainability concerns?

Is this statement true or false?

Responses

Community Supported Agriculture
Community Supported Agriculture

Farmer's Markets
Farmer's Markets

Buy Local membership organizations
Buy Local membership organizations

all of the above
GPT 3.5
all of the above
lil Z
The U.S. Federal Government's 2008-2009 bailout plan invested trillions of dollars into which of the following?
ResponsesThe U.S. Federal Government's 2008-2009 bailout plan invested trillions of dollars into which of the following?
Responses

American taxpayers
American taxpayers

major U.S. corporations
major U.S. corporations

small businesses
small businesses

U.S. national debt

American taxpayers
American taxpayers

major U.S. corporations
major U.S. corporations

small businesses
small businesses

U.S. national debt
GPT 3.5
American taxpayers, major U.S. corporations, U.S. national debt.
lil Z
The U.S. Federal Government's 2008-2009 bailout plan invested trillions of dollars into which of the following?
Responses

American taxpayers


major U.S. corporations


small businesses


U.S. national debt
GPT 3.5
American taxpayers, major U.S. corporations, U.S. national debt.
lil Z
Ecological footprint, or the measure of human demand on the Earth's ecosystems, is greatly impacted by which of the following?
Responses

the strength of the economy
the strength of the economy

the types of items humans consume
the types of items humans consume

global conflict
global conflict

the level of human consumption
GPT 3.5
the types of items humans consume, the level of human consumption.
lil Z
Which of the following is an organization that helps consumers to identify and support local agriculturally responsible farmers?
Responses

Agricultural Harvest
Agricultural Harvest

Sustainable Harvest
Sustainable Harvest

Future Farmers of America
Future Farmers of America

Local Harvest
GPT 3.5
Local Harvest
lil Z
The purchase of which of the following types of items takes money away from the local economy?
Responses

imported
imported

luxury
luxury

unsustainable
unsustainable

processed
GPT 3.5
imported
lil Z
Consumption is the purpose of production, according to which of the following individuals?
Responses

Adam Smith
Adam Smith

Franklin D. Roosevelt
Franklin D. Roosevelt

Theodore Roosevelt
Theodore Roosevelt

Irving Fisher
Irving Fisher
GPT 3.5
Adam Smith
lil Z
Which of these government created agencies was part of Franklin Roosevelt's New Deal program?
Responses

CCC (Civilian Conservation Corp)
CCC (Civilian Conservation Corp)

TVA (Tennessee Valley Authority)
TVA (Tennessee Valley Authority)

WPA (Works Project Administration)
WPA (Works Project Administration)

all of the above
GPT 3.5
all of the above
lil Z
Which of the following corporations was the first to extend loans to customers to purchase automobiles in the United States?
Responses

BMW
BMW

Toyota
Toyota

Honda
Honda

General Motors Corporation
General Motors Corporation
GPT 3.5
General Motors Corporation
lil Z
Which of the following are factored into the impact of consumption of items?
Responses

process of production of the item
process of production of the item

transportation or shipping costs
transportation or shipping costs

packaging
packaging

all of the above
all of the above
GPT 3.5
all of the above
lil Z
Which of the following presidents was the first to challenge the large scale corporate combinations that were influencing the free market society of the late 1800s?
Responses

Franklin Roosevelt
Franklin Roosevelt

Woodrow Wilson
Woodrow Wilson

Theodore Roosevelt
Theodore Roosevelt

Thomas Jefferson
GPT 3.5
Theodore Roosevelt
lil Z
Which of the following statements best describes the contrast of monetary investment made by President Obama's Bailout plan in comparison to President Roosevelt's New Deal?
Responses

Obama Bailout plan invests money in struggling Corporations
Obama Bailout plan invests money in struggling Corporations

New Deal invests government money into economy
New Deal invests government money into economy

Bailout plan required tax payer money
Bailout plan required tax payer money

all of the above
GPT 3.5
all of the above
lil Z
Revolving balance credit cards are those in which consumers must do which of the following?
Responses

Pay the entire balance every month.
Pay the entire balance every month.

Pay an annual amount.
Pay an annual amount.

Pay a portion of their balance every month.
Pay a portion of their balance every month.

none of the above
GPT 3.5
Pay a portion of their balance every month.
lil Z
Which of the following was the first bank card which allowed a customer to charge a purchase straight to their bank account?
Responses

MasterCard
MasterCard

The Diners Club Card
The Diners Club Card

Charg-It
Charg-It

American Express
GPT 3.5
The Diners Club Card
lil Z
Purchasing goods from a local farmer's market can impact many aspects of the local community.

Which of these reflect that impact?

Responses

Locally grown food items tend to be healthier.
Locally grown food items tend to be healthier.

Locally grown produce only travels a short amount, reducing transportation costs.
Locally grown produce only travels a short amount, reducing transportation costs.

Purchases from local growers help the local economy.
Purchases from local growers help the local economy.

all of the above
all of the above
GPT 3.5
all of the above
lil Z
When did the economic crisis of the 1930s end?
Responses

after World War I
after World War I

at the start of the Vietnam War
at the start of the Vietnam War

after World War II
after World War II

at the start of the Cold War
GPT 3.5
after World War II
lil Z
In what industry did a sudden decrease in value lead to the Economic Crisis of 2008 in America?
Responses

Stock Market
Stock Market

Technology Industry
Technology Industry

Housing Market
Housing Market

all of the above
GPT 3.5
Housing Market
lil Z
Which of the following is the term used to describe lenders who solicit people with false and corrupt loan opportunities?
Responses

fraudulent lending
fraudulent lending

false lending
false lending

illegal lending
illegal lending

predatory lending
GPT 3.5
predatory lending
lil Z
Which of the following plays the biggest role in determining the price of an item?
Responses

laissez-faire
laissez-faire

supply and demand
supply and demand

popularity
popularity

market economy
market economy
GPT 3.5
supply and demand
lil Z
Which of the following is not an example of government involvement in a capitalist economy?
Responses

Trust-busting
Trust-busting

Laissez-faire
Laissez-faire

The New Deal
The New Deal

2008-2009 bailout plan
GPT 3.5
Laissez-faire
lil Z
Which of the following had the biggest impact in the development of big business monopolies?
Responses

market forces
market forces

government intervention
government intervention

low demand
low demand

laissez-faire capitalism
GPT 3.5
laissez-faire capitalism