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

Question

Is this statement true or false?

Responses

true
true

false

Answer 1

false

Answer 2

The consumer, not business, is considered the most important facet of a capitalist economy.

Is this statement true or false?

Responses

true

false

Answer 3

false

Answer 4

The United States capitalist system has always been heavily regulated by the government.

Is this statement true or false?

Responses

true
true

false
false

Answer 5

false

Answer 6

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

Answer 7

false

Answer 8

Laissez faire is the term used to describe a capitalist economy without any regulations.

Is this statement true or false?

Responses

true
true

false

Answer 9

true

Answer 10

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

Answer 11

false

Answer 12

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

Answer 13

true

Answer 14

Consumption is the ratio of waste and garbage left behind after goods are consumed.

Is this statement true or false?

Responses

true
true

false

Answer 15

false

Answer 16

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

Answer 17

true

Answer 18

Capitalism is criticized for creating disparity in wealth distribution.

Is this statement true or false?

Responses

true
true

false

Answer 19

true

Answer 20

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

Answer 21

true

Answer 22

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

Answer 23

true

Answer 24

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

Answer 25

all of the above

Answer 26

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

Answer 27

American taxpayers, major U.S. corporations, U.S. national debt.

Answer 28

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

Answer 29

American taxpayers, major U.S. corporations, U.S. national debt.

Answer 30

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

Answer 31

the types of items humans consume, the level of human consumption.

Answer 32

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

Answer 33

Local Harvest

Answer 34

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

Answer 35

imported

Answer 36

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

Answer 37

Adam Smith

Answer 38

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

Answer 39

all of the above

Answer 40

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

Answer 41

General Motors Corporation

Answer 42

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

Answer 43

all of the above

Answer 44

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

Answer 45

Theodore Roosevelt

Answer 46

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

Answer 47

all of the above

Answer 48

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

Answer 49

Pay a portion of their balance every month.

Answer 50

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

Answer 51

The Diners Club Card

Answer 52

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

Answer 53

all of the above

Answer 54

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

Answer 55

after World War II

Answer 56

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

Answer 57

Housing Market

Answer 58

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

Answer 59

predatory lending

Answer 60

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

Answer 61

supply and demand

Answer 62

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

Answer 63

Laissez-faire

Answer 64

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

Answer 65

laissez-faire capitalism