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Q 1/69
Score 0
When the Government wants to CONTRACT the economy, what is one TOOL it might use?
30
Decrease taxes
Decrease government spending
Increase government spending
Decrease interest rates
Q 2/69
Score 0
After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? The amount of time needed to produce cars increased.
30
Economic Cost
Economic Benefit
69 questions
Q.
When the Government wants to CONTRACT the economy, what is one TOOL it might use?
1
30 sec
Q.
After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? The amount of time needed to produce cars increased.
2
30 sec
Q.
After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? Fewer injuries occurred, reducing the need for medical care.
3
30 sec
Q.
After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? The average price of cars increased
4
30 sec
Q.
When the government requires that citizens pay for social security benefits, the money paid into the program by citizens is an:
5
30 sec
Q.
When the government requires seat belts in cars, the increased price of the car is an:
6
30 sec
Q.
When the government requires that food be inspected for safety, the increased price of the food is an:
7
30 sec
Q.
When the government requires seat belts in cars, the increased safety for the consumer is an:
8
30 sec
Q.
When the government requires that citizens pay for social security benefits, the healthier society as a result of a universal right to healthcare is an:
9
30 sec
Q.
The value RECEIVED by pursuing a course of action is:
10
30 sec
Q.
The value GIVEN UP by pursuing a course of action is:
11
30 sec
Q.
When the government requires that food be inspected for safety, the increased safety of the food is an:
12
30 sec
Q.
In the United States, the U.S. Government and Federal Reserve work together, using uses expansionary and contractionary fiscal and monetary policies to affect conditions in the economy. Which type of policy is best suited for when the U.S. Government seeks to INCREASE TAX REVENUE?
13
30 sec
Q.
In the United States, the U.S. Government and Federal Reserve work together, using expansionary and contractionary fiscal and monetary policies to affect conditions in the economy. When the U.S. Government LOWERS FEDERAL SPENDING, which type of policy is it using?
14
30 sec
Q.
In the United States, the U.S. Government and Federal Reserve work together, using expansionary and contractionary fiscal and monetary policies to affect conditions in the economy. When the U.S. Government wants to INCREASE TOTAL DEMAND FOR GOODS, it should use:
15
30 sec
Q.
In the United States, the U.S. Government and Federal Reserve work together, using expansionary and contractionary fiscal and monetary policies to affect conditions in the economy. When the U.S. Government REDUCES TAX RATES, which type of policy is it using?
16
30 sec
Q.
Use your knowledge of the federal government and Ohio's state government to identify the powers of each level of government. Is the following a power of the Federal or State Government? Conduct elections
17
30 sec
Q.
Use your knowledge of the federal government and Ohio's state government to identify the powers of each level of government. Is the following a power of the Federal or State Government? Print money
18
30 sec
Q.
Use your knowledge of the federal government and Ohio's state government to identify the powers of each level of government. Is the following a power of the Federal or State Government? Ratify constitutional amendments
19
30 sec
Q.
Use your knowledge of the federal government and Ohio's state government to identify the powers of each level of government. Is the following a power of the Federal or State Government: Declare war
20
30 sec
Q.
Use your knowledge of the federal government and Ohio's state government to identify the powers of each level of government. Is the following a power of the Federal or State Government? Raise sales tax
21
30 sec
Q.
Use your knowledge of the federal government and Ohio's state government to identify the powers of each level of government. Is the following a power of the Federal or State Government? Regulate foreign trade
22
30 sec
Q.
Why is it difficult for the federal government to make large cuts in spending?
23
30 sec
Q.
The federal government has a number of tools that can be used to maintain economic stability or foster economic growth. These tools often involve changes in taxing or government spending. Identify whether the following policy is related to taxes or spending: The government has increased revenues by charging extra fees for consumption of gasoline.
24
30 sec
Q.
The federal government has a number of tools that can be used to maintain economic stability or foster economic growth. These tools often involve changes in taxing or government spending. Identify whether the following policy is related to taxes or spending: The government decides to begin a massive effort to rebuild the nation's highways.
25
30 sec
Q.
The federal government has a number of tools that can be used to maintain economic stability or foster economic growth. These tools often involve changes in taxing or government spending. Identify whether the following policy is related to taxes or spending: The government has extended unemployment benefits for qualified workers for an additional six weeks.
26
30 sec
Q.
The federal government has a number of tools that can be used to maintain economic stability or foster economic growth. These tools often involve changes in taxing or government spending. Identify whether the following policy is related to taxes or spending: The government increases deductions for students attending college.
27
30 sec
Q.
The government has enacted a law requiring the installation of seat belts in new cars. What is the intended benefit of this type of increased government regulation?
28
30 sec
Q.
Why might lawmakers increase taxes and decrease government spending?
29
30 sec
Q.
What is one of the Federal Reserve's primary functions in the United States economy?
30
30 sec
Q.
When the Federal Reserve wants to INCREASE economic activity using MONETARY POLICY, what type of policy does it institute?
31
30 sec
Q.
When the Federal Reserve wants to SLOW DOWN the economy, it institutes which type of MONETARY POLICY?
32
30 sec
Q.
One GOAL or EFFECT of EXPANSIONARY economic policy is:
33
30 sec
Q.
One GOAL or EFFECT of EXPANSIONARY MONETARY POLICY is:
34
30 sec
Q.
One GOAL or EFFECT of EXPANSIONARY economic policy is:
35
30 sec
Q.
One GOAL or EFFECT of EXPANSIONARY economic policy is:
36
30 sec
Q.
In the United States, the U.S. Government and Federal Reserve work together, using expansionary and contractionary fiscal and monetary policies to affect conditions in the economy. Which type of policy is most appropriate if the Federal Reserve wants to END A RECESSION?
37
30 sec
Q.
In the United States, the U.S. Government and Federal Reserve work together, using expansionary and contractionary fiscal and monetary policies to affect conditions in the economy. Which type of policies are most appropriate when the Federal Reserve wants to LOWER INFLATION?
38
30 sec
Q.
The Federal Reserve uses monetary tools to regulate the money supply and maintain growth and stability in the U.S. economy. One way the Federal Reserve regulates the money supply is by taking action to adjust interest rates. Does the following effect stem from an increase or a decrease in the interest rates? PEOPLE BUY MORE HOUSES
39
30 sec
Q.
The Federal Reserve uses monetary tools to regulate the money supply and maintain growth and stability in the U.S. economy. One way the Federal Reserve regulates the money supply is by taking action to adjust interest rates. Does the following effect stem from an increase or a decrease in the interest rates? PEOPLE PAY MORE FOR LOANS
40
30 sec
Q.
The Federal Reserve uses monetary tools to regulate the money supply and maintain growth and stability in the U.S. economy. One way the Federal Reserve regulates the money supply is by taking action to adjust interest rates. Does the following effect stem from an increase or a decrease in the interest rates? INFLATION INCREASES
41
30 sec
Q.
When the Federal reserve wants to use MONETARY POLICY to EXPAND the economy, what is one TOOL it might use?
42
30 sec
Q.
When the Federal Government wants to EXPAND using FISCAL POLICY the economy, what is one tool it might use?
43
30 sec
Q.
When the Federal reserve wants to EXPAND the economy, what is one TOOL it might use?
44
30 sec
Q.
When the Federal reserve wants to CONTRACT the economy, what is one TOOL it might use?
45
30 sec
Q.
One GOAL or EFFECT of CONTRACTIONARY economic policy is:
46
30 sec
Q.
One GOAL or EFFECT of CONTRACTIONARY monetary policy is:
47
30 sec
Q.
One GOAL or EFFECT of CONTRACTIONARY economic policy is:
48
30 sec
Q.
One GOAL or EFFECT of CONTRACTIONARY economic policy is:
49
30 sec
Q.
When the Federal Government wants to CONTRACT the economy using FISCAL POLICY, what is one tool it might use?
50
30 sec
Q.
Under a CONTRACTIONARY fiscal policy, government spending is:
51
30 sec
Q.
Under an EXPANSIONARY fiscal policy, government spending is:
52
30 sec
Q.
Under a CONTRACTIONARY fiscal policy, taxes are:
53
30 sec
Q.
Under an EXPANSIONARY fiscal policy, taxes are:
54
30 sec
Q.
The federal government uses FISCAL POLICIES to maintain economic stability, including making changes to taxes and government spending. The government can use a FISCAL POLICY to stimulate economic growth by:
55
30 sec
Q.
The Federal Reserve purchases and sells government securities, adjusts the reserve requirement, and adjusts the discount rate to produce certain economic outcomes. What is one OUTCOME the Federal Reserve might want to produce when purchasing government securities?
56
30 sec
Q.
The federal government uses FISCAL POLICIES to maintain economic stability, including making changes to taxes and government spending. The government can use a FISCAL POLICY to stimulate economic growth by:
57
30 sec
Q.
The Federal Reserve uses MONETARY POLICY to influence the economy. Identify which policy the Federal Reserve uses to ENCOURAGE economic growth
58
30 sec
Q.
The Federal Reserve uses MONETARY POLICY to influence the economy. Identify which policy the Federal Reserve uses to SLOW economic growth.
59
30 sec
Q.
The Federal Reserve uses MONETARY POLICY to influence the economy. Identify which policy the Federal Reserve uses to SLOW economic growth.
60
30 sec
Q.
The Federal Reserve uses MONETARY POLICY to influence the economy. Identify which policy the Federal Reserve uses to ENCOURAGE economic growth.
61
30 sec
Q.
What is one way the Federal Reserve System regulates economic activity?
62
30 sec
Q.
What is one way the Federal Reserve System regulates economic activity?
63
30 sec
Q.
What is a likely effect when the Federal Reserve INCREASES interest rates?
64
30 sec
Q.
What is a likely effect when the Federal Reserve INCREASES interest rates?
65
30 sec
Q.
What is a likely effect when the Federal Reserve INCREASES interest rates?
66
30 sec
Q.
What is a likely effect when the Federal Reserve DECREASES interest rates?
67
30 sec
Q.
What is a likely effect when the Federal Reserve DECREASES interest rates?
68
30 sec
Q.
What is a likely effect when the Federal Reserve DECREASES interest rates?