Ohio/Econ Test Readiness Assessment
Authored by Aimee Wilson
Social Studies
9th - 12th Grade
Used 3+ times
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21 questions
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1.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Fee paid on loans (Interest)
Securities/Bonds
Spending more money than you make
Entitlements
Amount of Money banks keep on hand
Deficit
Social Security, Medicare, Medicaid
Discount Rate
Loan to gov paid back with interest
Reserve Requirement
2.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Flat tax-affects poor people more
Regressive Tax
More money you make the more you pay
Taxes
tax on imports and exports
Government Spending
Income, sales and other fees paid to gov
Progressive Tax
Money spent on gov programs
Tariffs
3.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Control where money goes in gov
Mandatory Spending
Entitlements (SS, Medicare/Medicaid)
Appropriate (gov definition)
All gov $ except entitlements
Discretionary Spending
prices increase over time
Recession
Economy in decline for 6+months
Inflation
4.
MATCH QUESTION
1 min • 5 pts
VOCAB: Match the term to its definition.
Spending = revenue ($ coming in)
Contractionary Policy: trying to
The amount of money in the economy
Monetary Policy: Controlling...
Speeding up the economy
Fiscal Policy
Slow down the economy
Expansionary policy
Controlling taxes and spending
Balanced Budget
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Econ Concept: To slow down the economy, the Fed SHOULD:
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Econ Concept: To slow down the economy, the Fed SHOULD:
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Econ Concept: To slow down the economy, the Government SHOULD:
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