AnswersFL-2106010-MJ Civics B-CRUnit Test

Unit Test — Unit test Answers

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1
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What is the main way the Fed works to increase employment in the United States?

A
by hiring people to work for the 12 locations of the central bank
B
by encouraging local banks to have job fairs in their communities
C
by helping the economy grow so that businesses can create new jobs
D
by working with businesses to create new jobs in financial markets
2
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Which is an example of predatory lending?

A
A bank offers higher interest rates on newly opened savings accounts.
B
A bank waives a new account fee for direct deposit checking accounts.
C
A bank charges lenders additional hidden fees on a mortgage.
D
A bank allows customers to transfer their credit card balances.
3

What is a tax imposed by the government?

A
money that workers receive from their employers
B
money that the government pays out to its citizens
C
money that the government has left over after yearly spending
D
money that citizens pay to help the government pay for its programs
4

Priyanka and Gabby started a business in the United States that makes beautiful scarves. They found a beautiful fabric from a textile manufacturer in Bangladesh that they want to use, but the manufacturer only accepts payment in Bangladeshi toka, the currency of that country.

A
They can open an additional business office in Bangladesh.
B
They can use local fabric instead of the Bangladeshi fabric.
C
They can use a currency exchange to change their dollars into Bangladeshi toka.
D
They can ask the textile factory to accept American dollars instead of Bangladeshi toka.
5

Which describes a country with a diversified economy?

A
one that has many social programs to help its citizens
B
one that imports most of its goods from other countries
C
one that has many different types of goods and services to offer
D
one that has citizens from many different cultural backgrounds
6

Review the table.

Question illustration
A
all groups combined
B
Mexicans
C
Puerto Ricans
D
Cubans
7

Which statement is the best example of an entrepreneur operating from a nonfinancial motivation?

A
Fredericka was very experienced with social media platforms. She believed she could make a lot of money by helping businesses with their social media presence.
B
Ibrahim figured out a way to melt ice and snow on city streets without a lot of salt. He planned a meeting with city officials to sell them the idea.
C
Darla is concerned about the lack of public libraries in her neighborhood. She organized a group of private bookmobiles to give children in the community greater access to books.
D
James had a recipe for cookies that everyone loved. He wanted to rent a professional kitchen and start selling the cookies for five dollars each.
8

Oona is a talented ceramics artist and does beautiful work. She runs an online ceramics company that sells her handmade mugs, plates, vases, and other products. She sells a lot of products, but she is not turning a profit.Which change can Oona make to best help her business succeed?

A
Oona can hire more employees to sell her products.
B
Oona can start selling things other than her ceramic pieces.
C
Oona can raise the prices she charges for her products.
D
Oona can take a second job to support her online business.
9

Norway has one of the highest productivity rates per hour of any country in the world. A Norwegian worker adds almost $81 to the country’s GDP per hour. Yet the average workweek is 38 hours, and the workday typically ends at 4 p.m.

A
Norwegian workers have more time to spend on non-work activities than workers in many countries.
B
Norwegian workers provide more to their country’s GDP than workers in many countries.
C
Norwegian workers are able to get more work done in less time than workers in many countries.
D
Norwegian workers do not work as hard or as efficiently as workers in other countries.
10

In the federal budget, which proposals are part of discretionary spending?

A
plans for funding national, state, and local elections
B
plans for social services in current bills for new laws
C
plans related to established programs from previous years
D
plans for programs from new laws signed within the past year
11

Review the table.

Question illustration
A
Ireland
B
Mexico
C
Sweden
D
India
12

When is international trade most likely to occur?

A
when powerful countries have big conflicts and end up going to war with each other
B
when countries want to force another country out of the market for a specific product
C
when one country wants to make money from tariffs on goods that come from other countries
D
when one country needs something it doesn’t have, and another country is willing to sell it
13

What is the best definition of Medicare?

A
Medicare provides medical coverage for children.
B
Medicare provides health insurance for older citizens.
C
Medicare provides assistance to people after natural disasters.
D
Medicare provides medical services to government employees.
14

What would most likely happen if Congress stopped funding Head Start?

A
The children’s families would be able to pay for preschools and other services.
B
Other private programs would provide free preschool and services for these children.
C
The children in the program would not have the advantages of preschool and other services.
D
The children in the program could easily catch up once they started a public kindergarten.
15

Which best describes a financial motive for creating a business in a market economy?

A
to make money for its owners
B
to provide a helpful product or service
C
to hire a talented and effective workforce
D
to create a pleasant work environment
16

When depositors put money into a bank, what does the bank do with this money?

A
The bank sends the money to a central bank in Washington, DC.
B
The bank uses the money to make loans to borrowers and earn interest.
C
The bank spends the money on new branches to get more depositors and borrowers.
D
The bank locks the money in a vault and leaves it there until the depositors want it back.
17

Which statement best describes the difference between a checking account and a savings account?

A
Checking accounts provide customers with interest, while savings accounts do not.
B
Checking accounts are held only by businesses and savings accounts only by individuals.
C
Checking accounts allow customers to easily pay for goods and services, while savings accounts are used to hold money for longer periods of time.
D
Checking accounts require customers to go into a bank branch, while savings accounts are accessed by customers on their mobile phones or computers.
18

Which is the most accurate statement about entrepreneurship?

A
Entrepreneurship involves starting businesses with established roles.
B
Entrepreneurship is less about creativity than it is about profits.
C
Entrepreneurship is often more about new ideas than it is about money.
D
Entrepreneurship involves making a profit as soon as possible.
19

What is the main reason US producers sometimes move their operations to other countries as a result of certain trade policies?

A
better weather conditions
B
more skilled employees
C
cheaper labor and materials
D
improved shipping channels
20

Which scenario would result in an increase in productivity?

A
The total number of hours worked by the US labor force remains at 256 billion hours and the GDP stays at $20 trillion for the second year in a row.
B
The US economy’s GDP drops from $20 trillion to $19 trillion, but the total number of hours worked by the labor force remains at 256 billion hours.
C
The total number of hours worked by the US labor force increases from 256 billion hours to 285 billion hours, but the GDP stays at $20 trillion.
D
The US economy’s GDP grows from $20 trillion to $21 trillion, but the total number of hours worked by the labor force remains at 256 billion hours.

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