FreeEnterprise Final
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | FDIC (Federal Deposit Insurance Corperation)
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| show | computers
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| The Fed and/or Congress can make more money by: | show 🗑
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| show | appointed by the PResident
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| Decisions to raise or lower interest rates are made by the: | show 🗑
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| The most important Fed bank is in: | show 🗑
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| 1/4 of the world's gold is stored in: | show 🗑
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| Which of the following is a result of loose money policy?A) people are willing to borrow moneyB) consumers hesitate to buy new homesC) people are unwilling to borrow moneyD) businesses postpone expansion | show 🗑
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| show | C) businesses cut back on production
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| Why would we want to shrink the money supply? | show 🗑
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| The first purpose of fractional reserve banking is to: | show 🗑
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| If the Fed lowers the reserve requirement: | show 🗑
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| To decrease the money suply the Fed can: | show 🗑
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| show | discourages borrowing
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| One problem of carrying out monetary policy is that: | show 🗑
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| show | national defense
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| Museums, parks, and libraries are examples of: | show 🗑
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| show | regulating economic activity
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| Which program provides income for the very poor? | show 🗑
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| Which program provides medical care for retired workers? | show 🗑
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| When the government's expenses are larger than its income, we have what kind of budget? | show 🗑
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| show | debt
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| When the budget calls for spending more money than is coming in, the government must raise extra funds by: | show 🗑
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| show | taxes
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| A tax paid by all people who cross a bridge is an example of: | show 🗑
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| A tax on hunting equipment that is used to provide public lands for hunting is an example of: | show 🗑
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| show | ability-to-pay tax
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| Which of the following is a progressive tax? | show 🗑
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| show | sales on food tax
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| Income that is removed from the economy by taxation or savings will: | show 🗑
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| show | consumer loans
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| show | increasing taxes
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| Fiscal policy can combat unemployment by: | show 🗑
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| When a check writer and the person he/she wrote the check both use the same bank: | show 🗑
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| show | Ben Bernanke
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| show | opposes the use of fiscal policy
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| show | there is a time lapse between enacting it and when it becomes effective
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| show | credit
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| The money one borrows is the: | show 🗑
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| How do commercial banks make money: | show 🗑
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| What does that Fed not do? | show 🗑
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| show | taxes
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| show | interest rates fail & cradit is easy to get
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| John Meynard Keynes believed that government should: | show 🗑
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| show | public assistance programs
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| A program that provides monthly payments to people who work, but are now retired is called: | show 🗑
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| During the 1930's: | show 🗑
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| One of the major goals of stabalizing the national economy is to: | show 🗑
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| Monetarism is linked with the economist: | show 🗑
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| show | 1930's
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| show | cigarettes
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| show | deficit financing
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| show | buy securities
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| show | raise the reserve requirements
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| What is not a demand deposit?A) a mortgageB) a checking account C) a savings account D) a debit card | show 🗑
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| The ability of money to increase when it moves from person to person is called the: | show 🗑
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| A run on the bank occurs when: | show 🗑
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| What is the term that means it is good for individuals to save money, but bad for the economy as a whole: | show 🗑
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| show | Clinton
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| Which activity would the government be most likely to remove all taxes from: | show 🗑
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| What is our Fed branch? | show 🗑
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| What is the Fed branch of the Baton Rouge is: | show 🗑
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| show | A)credit the account to whom the check was written
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| show | when the check writer's bank recieves the check from its Fed branch bank, it retuens it and noted that there are not enough funds to pay it
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| What economist is most closely associated with fiscal policy: | show 🗑
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| show | fill its wants & needs
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| show | scarcity
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| show | bartering
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| show | eight
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| show | most the time
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| To create economic models it is very important: | show 🗑
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| The country cannot achieve all its goals all the time due to: | show 🗑
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| show | failure
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| show | profit
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| A market is the: | show 🗑
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| All people must deal with the problem of: | show 🗑
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| show | a huge number of variables
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| When we give up getting one thing to get another we have made a/an | show 🗑
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| show | worse it is for the economy
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| Adam Smith believed that: | show 🗑
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| Adam Smith believed that: | show 🗑
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| Karl Marx believed that: | show 🗑
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| Which economic system has the closet family ties? | show 🗑
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| Most countries have what kind of economy? | show 🗑
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| Which economic system can reroute resources fastest? | show 🗑
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| show | Traditional
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| Which economic system does not care about what happend to the poor, sick, and weak? | show 🗑
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| show | Market
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| Which economic system is preferred by Karl Marx? | show 🗑
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| show | Mixed
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| In which system does everyone know what is expected of him? | show 🗑
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| show | Command
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| show | Traditional
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| show | Market, or Mixed
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| show | Traditional
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| Which economic system has the most in common with the Command system? | show 🗑
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| show | Command
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| show | multiplier effect
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| show | The Wealth of Nations
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| show | the Communist Manifesto
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| show | England
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| show | the workers
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| show | Adam Smith
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| What influenced both Karl Marx and Adam Smith? | show 🗑
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| show | North Korea; Cuba is pretty close to this
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| Price and demand are like: | show 🗑
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| show | a stalker and his victim
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| show | the supply and demand curves intersect
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| What is a substitute for whipped cream: | show 🗑
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| What is the main reason government become involved in the economy: | show 🗑
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| show | surpluses
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| show | jeans
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| What is possible government intervention in the economy:, | show 🗑
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| The best example of perfect competition is: | show 🗑
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| show | to prevent black markets
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| show | different productions
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| show | market forces of supply & demand
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| show | place a high tax on it
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| show | encourage and protect competition
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| If production is below the equilibrium point, what will result | show 🗑
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| The best place to save money is in a: | show 🗑
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| What country was used as a good and bad example of capitalism: | show 🗑
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| What will NOT cause the demand curve to shift: | show 🗑
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| What is NOT marketing? | show 🗑
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| show | assets
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| show | age, gender, income, education
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| show | create a life-style
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| Many economists believe that marketing makes up what percentage of the price of products: | show 🗑
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| show | let people know that the product existed
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| show | wholesaler
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| show | marketing
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| Part of a corperation that is owned by an individual is called: | show 🗑
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| Adds that tell the consumner that his or her life will improve if the product is used: | show 🗑
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| The owner of a business is the: | show 🗑
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| show | everything that a business owns
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| What is set up for a specific purpose for a short amount of time: | show 🗑
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| All businesses have: | show 🗑
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| show | test-marketing
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| show | sales techniques
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| show | list the products the corporation produces
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| show | everything plus what his/her spouse owns
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| show | profits
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| In what form of business does the owner pay money to large corporation to get to use thier name and other services: | show 🗑
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| show | market research
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| Product, price, place, and promotion are: | show 🗑
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| show | share
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| show | introduction, growth, maturity, decline
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| If a corporation goes bankrupt, the owners may lose: | show 🗑
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Created by:
shelbs1
Popular U.S. History sets