Practice Test 3
Authored by Jocelyn Morales
Social Studies
12th Grade
Used 1+ times
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45 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a primary characteristic of nonprofit service cooperatives?
They aim to maximize profits for shareholders.
They provide services to their members at cost.
They are owned by government entities.
They primarily focus on manufacturing goods.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common risk factor associated with investments?
Guaranteed returns
Market volatility
Fixed interest rates
Government subsidies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a cause of inflation?
Decrease in money supply
Increase in production costs
Decrease in consumer demand
Increase in unemployment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one effect of inflation on the economy?
Decrease in prices
Increase in purchasing power
Decrease in currency value
Increase in savings rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a major source of federal revenue?
Property taxes
Sales taxes
Income taxes
Tariffs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply side economics primarily focuses on:
Increasing consumer demand
Reducing government spending
Increasing production and supply
Controlling inflation through monetary policy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital investments
Consumer spending
Corporate profits
Currency exchange
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