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SS Chapter 10A
practice
| Question | Answer |
|---|---|
| Questions 1 and 2 refer to the following: Which one of the following is a valid conclusion based on the information in the graph? A) The number of workers entering the labor force had decreased. B) As technology has increased, many workers lost their jobs. C) The productivity of workers in the United States had decreased. D) Workers in 1975 had more leisure time than workers in previous years. | Workers in 1975 had more leisure time than workers in previous years. |
| 2) Which one of the following best accounted for the trend shown in the graph? A) increased taxes on corporations B) decreased United States' population C) technological advances D) environmental protection laws | technological advances |
| 3) Which one of the following contributed to the increase in food production in the United States between 1945 and 1980? A) advances in agricultural technology B) demands for lower prices C) space exploration D) growth in numbers of farmers | advances in agricultural technology |
| 4) An increase in prices is usually a sign of A) unemployment B) depression C) inflation D) a decrease in foreign trade | inflation |
| 5) Which one of the following characterizes an inflationary period? A) Installment buying decreases. B) Prices rise. C) Interest rates decrease. D) Purchasing power of the dollar increases. | Prices rise. |
| 6) Which one of the following usually occurs during inflation? A) a surplus of goods B) lower taxes C) lower wages D) higher prices | higher prices |
| 7) What economic problem in the United States was a direct result of rising oil prices between 1971 and 1980? A) depression B) deflation C) inflation D) bank failures | inflation |
| Questions 8 and 9 refer to the following: What economic condition does the diagram illustrate? A) stability B) inflation C) recession D) depression | inflation |
| 9) Which one of the following government actions can be taken to prevent the situation shown in the diagram? A) export more farm products B) reduce food production C) encourage more city people to move to farms D) prevent any further price increases | prevent any further price increases |
| 10) Why do some economists believe a recession can be beneficial? A) It slows inflation. B) It decreases the need for government programs. C) It creates prosperity. D) It increases employment. | It slows inflation. |
| 11) Unemployment insurance, public service jobs, welfare payments, and tax rebates all might logically be a part of A) a proposal by industry to decrease government involvement in the economy B) an anti-inflation plan sponsored by Congress C) a government program to help end a recession D) recent contract demands of labor unions | a government program to help end a recession |
| 12) Which one of the following is characterized by slow economic activity with high unemployment and low prices? A) a period of depression B) an act of nullification C) a boom period D) an inflationary period | a period of depression |
| Questions 13 through 16 refer to the following: The speakers below are discussing issues regarding employment and pay during the early 1970s. Speaker A: Man, my paycheck is a disaster. It says I gross $100 a week. By the time they take out federal and state income tax, social security, and union dues, there is hardly anything left to live on. You beat your brains out to find a job. Then you wonder if it's worth it. Speaker B: This summer I'll work as a lifeguard again because I got a raise. I sho | Many things affecting our economic life seem to be beyond the average person's control. |
| 14) The speakers below are discussing issues regarding employment and pay during the early 1970s. Speaker A: Man, my paycheck is a disaster. It says I gross $100 a week. By the time they take out federal and state income tax, social security, and union dues, there is hardly anything left to live on. You beat your brains out to find a job. Then you wonder if it's worth it. Speaker B: This summer I'll work as a lifeguard again because I got a raise. I should earn over $1,500 as compared to $1,100 last | D |
| 15) Speaker B: This summer I'll work as a lifeguard again because I got a raise. I should earn over $1,500 as compared to $1,100 last year. Maybe I'll have enough to buy that new car if they don't keep raising the price. I just don't get it — the more I earn, the less I have. Even with a bigger downpayment, my monthly payments will be higher. Speaker B was feeling the effects of A) a tax cut B) unemployment C) depression D) inflation | inflation |
| 16) All of the speakers would most likely have agreed with A) increasing union dues B) raising social security benefits C) lowering payroll taxes D) lowering the federal minimum wage | lowering payroll taxes |
| 17) Which one of the following decreases when inflation occurs? A) purchasing power B) salaries and wages C) environmental regulations D) union affiliations | purchasing power |
| 18) The major reason why automobile manufacturers changed the styling of their cars every year in the 1950s was to A) increase sales B) reduce prices C) reduce air pollution D) make cars safer | increase sales |
| Questions 19 and 20 refer to the following: Which one of the following is the main idea of the cartoon? A) A growing economy can make shopkeepers poorer. B) The purchasing power of the dollar is decreasing. C) New inventions can save time and money. D) People quickly accept the changing prices of items. | The purchasing power of the dollar is decreasing. |
| 20) Which is the best title for the cartoon? A) " The Effects of Inflation" B) " A Consumers' Convention" C) " Problems for Store Managers" D) " New Items for Sale" | " The Effects of Inflation" |
| 21) " The greater the pressures upon the individual to conform to safe and accepted social standards, the more does he tend to express his aspirations (hopes and dreams) and his individuality in terms of what he wears, drives, eats, his home, his car, his pattern of food serving, his hobbies." Victor Lebeau, retail anaylst The power of commercials and popup ads to influence purchasing behavior is known as A) consumerism B) socialism C) nativism D) internationalism | consumerism |
| Questions 22 through 24 refer to the following: According to the graph, in what year was defense spending the largest share of total government spending? A) 1970 B) 1965 C) 1950 D) 1945 | 1945 |
| 23) The graph most clearly shows the relationship between A) deflation and total government spending B) military spending and total government spending C) lower interest rates and defense expenditures D) space program costs and total defense spending | military spending and total government spending |
| 24) Which one of the following best explains the increase in defense spending from 1960 through 1970? A) increased salaries for military personnel B) expansion of the United States space program C) increase in United States military obligations in Western Europe D) increased United States involvement in Southeast Asia | increased United States involvement in Southeast Asia |
| Questions 25 through 27 refer to the following: According to the chart, what was the federal government's largest source of income? A) social security taxes B) excise taxes C) individual income taxes D) corporation income taxes | individual income taxes |
| 26) According to the chart, the largest single government expense was for A) agriculture B) foreign aid C) military weapons D) human resources | human resources |
| 27) Which one of the following statements is the most valid conclusion determined from the chart? A) An increase in spending for human resources would have been opposed by corporations. B) The way the budget dollar was spent was not necessarily based upon where it came from. C) An increase in defense spending would have caused an increase in individual income taxes. D) People who paid more taxes received more benefits. | The way the budget dollar was spent was not necessarily based upon where it came from. |
| 28) to the cartoon, what was the attitude of labor and management toward the role of government? A) Government was changing the rules of the game. B) Government was interfering with labor and management. C) Government was a victim of labor and management. D) Government was taking the side of management against labor. | Government was interfering with labor and management. |
| 29) What post-World War II program was established for war veterans? A) Taft-Hartley Act B) Fair Labor Standards Act C) GI Bill of Rights D) Smith Act | GI Bill of Rights |
| 30) Which one of the following benefits did the GI Bill of Rights provide veterans? A) It provided the ability to borrow money for businesses and education. B) It guaranteed employment in the armed services. C) It established free healthcare and housing. D) It ensured better pay and benefits than civilian workers. | It provided the ability to borrow money for businesses and education. |
| 31) partial document below shows an item of legislation passed by Congress that helped the multitude of war veterans get education and jobs. This law is commonly known as the A) Taft-Hartley Act B) New Deal C) Fair Deal D) GI Bill of Rights | GI Bill of Rights |
| Questions 32 and 33 refer to the following: Which one of the following statements is best supported by the data in the chart? A) Women and men were paid equally for doing the same type of work. B) Female workers were working harder than men. C) Female workers earned less than men for the same type of work. D) Women had a higher rate of unemployment than men. | Female workers earned less than men for the same type of work. |
| 33) Which was a basic cause for the differences in pay between men and women as illustrated in the chart? A) the depressed state of the United States economy B) the greater ambition of men C) discrimination against women D) the greater physical strength of men | discrimination against women |
| 34) In the United States, what was the main reason for people moving from the countryside to the cities throughout the late-19th and early-20th centuries? A) more housing B) better medical care C) better schools D) more jobs | more jobs |
| 35) In 1870, 24% of the people in the United States were farmers. In 1970, 3% were farmers. Which one of the following statements best accounts for this change? A) Technological advances led to increased food production. B) The amount of available farm land decreased. C) Government subsidies to farmers were abolished. D) The United States imported most of its food. | Technological advances led to increased food production. |
| 36) Which best explains why there are fewer farmers in the United States today than there were 70 years ago? A) The United States imports most of its food from Asia. B) Farming has been changed by advances in technology. C) There is a shortage of farmland. D) Farming is less enjoyable today than it was 70 years ago. | Farming has been changed by advances in technology. |
| 37) Since 1900, there has been a decline in American people engaged in A) clerical work B) manufacturing C) engineering D) farming | farming |
| 38) Since the 1930s, the average American farmer has often faced the problems of A) lack of technological and scientific knowledge B) no government price support programs C) rising production and falling income D) lack of good roads and waterways | rising production and falling income |
| 39) Between 1935 and 1980, the federal government tried to reduce agricultural production by A) reducing farmers' income taxes B) paying farmers to grow and sell less C) giving tractors and machinery to farmers D) giving farmers free education | paying farmers to grow and sell less |
| Question 40 refers to the following: According to the chart, what group of workers showed the most growth from 1910 to 1960? A) farm B) white collar and professional C) unskilled D) skilled and semi-skilled | white collar and professional |
Created by:
creek23
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