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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| If a bank goes bankrupt, the funds of individual depositors are protected by the: | show 🗑
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| Electronic banking was made possible by: | show 🗑
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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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| Which of the following is a result of tight money policy?A) people are willing to borrow moneyB) consumers are willing to buy new homesC) businesses cut back productionD) businesses are willing to expand | show 🗑
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| Why would we want to shrink the money supply? | show 🗑
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| show | be sure banks can supply cash for demand deposits
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| show | more money is avaliable to loan
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| To decrease the money suply the Fed can: | show 🗑
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| show | discourages borrowing
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| show | there is difficulty in determining how much money is in circulation
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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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| The total of all the money our government owes is the: | show 🗑
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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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| Most state, local, and federal income comes from: | show 🗑
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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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| A property tax paid by all home owners that is used to pay for public schools is an example of: | show 🗑
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| show | federal income tax
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| which of the following is a regressive tax? | show 🗑
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| show | decrease the money supply
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| What will inject money into the economy: | show 🗑
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| show | increasing taxes
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| show | decreasing taxes
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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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| One criticism of fiscal policy is that: | show 🗑
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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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| show | provide services for consumers
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| show | taxes
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| If the Federal Reserve adopts an expansionary monetary policy: | show 🗑
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| show | use fiscal policy
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| show | public assistance programs
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| show | Social Security
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| During the 1930's: | show 🗑
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| show | even out the business cycle
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| show | Milton Friedman
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| Fiscal policy was first used on a large scale during the: | show 🗑
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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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| show | multiplier effect
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| A run on the bank occurs when: | show 🗑
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| show | the paradox of thrift
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| show | Clinton
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| show | fishing
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| show | Dallas
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| show | Atlanta
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| When a check from a bank in one Federal Reserve district is deposited in a bank in another Federal reserve district, what is the first thing in the bank in which the check is deposited does: | show 🗑
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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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| show | John Maynard Keynes
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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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| What number was part of the name of old, Spanish gold coins: | show 🗑
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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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| show | the voluntary exchange of goods & services
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| show | scarcity
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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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| show | the economy is guided by an invisible hand if the government stays out
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| show | people will always make choices in their own best interest
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| show | from those according to their ability; to those according to their need
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| Which economic system has the closet family ties? | show 🗑
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| show | Mixed
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| show | Command
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| In which system is change discourage: | show 🗑
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| show | Market
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| show | Market
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| Which economic system is preferred by Karl Marx? | show 🗑
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| Which economic system can combine the best of all other systems? | show 🗑
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| show | Traditional
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| Which economic system has no incentive to work harder? | show 🗑
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| In which economic system is one likely to do the same job as one's father? | show 🗑
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| In which system can individuals become rich? | show 🗑
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| Which economic system has the least consumer and producer choice? | show 🗑
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| show | Traditional
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| Which economic system does not work well even for short periods of time? | show 🗑
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| The situation in which money adds income to the society everytime it is spent is the: | show 🗑
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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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| Karl Marx believed that the factors of production should be owned by: | show 🗑
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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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| show | a seesaw
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| Price and Supply are like: | show 🗑
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| The equilibrium price is the point at which: | show 🗑
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| show | Cool Whip
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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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| Why does the government set price floors above the equilibrium price for some products: | show 🗑
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| show | different productions
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| If all the requirements of perfect competition are met, price is set by: | show 🗑
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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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| show | bank
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| show | England
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| show | changes in price
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| What is NOT marketing? | show 🗑
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| All the things that a bussiness owns are its: | show 🗑
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| Merket surveys can be based on: | show 🗑
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| Most advertising today tries to: | show 🗑
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| Many economists believe that marketing makes up what percentage of the price of products: | show 🗑
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| The first advertising was used to do what: | show 🗑
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| Which bussiness does not sell to consumers? | show 🗑
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| show | marketing
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| show | stock
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| show | appeal to the emotions
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| The owner of a business is the: | show 🗑
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| Business assets are: | show 🗑
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| What is set up for a specific purpose for a short amount of time: | show 🗑
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| show | risk
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| show | test-marketing
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| show | sales techniques
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| Articles of incorporation do not: | show 🗑
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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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| show | the 4 p's of marketing
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| Another word for stock is: | show 🗑
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| The production life-cycle includes: | show 🗑
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| show | what is invested in the business
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Created by:
shelbs1
Popular U.S. History sets