Civics Today: Citizenship, Economics, & You

Chapter 23: Government and the Economy

Government and the Economy

1.
All of the following are examples of public goods EXCEPT __________.
A)highways
B)street lighting
C)clothes
D)museums

2.
An unintended side effect of an action that affects someone not involved in the action is called an __________
A)exclusion principle
B)externality
C)internality
D)eventuality

3.
The government agency that makes sure the ingredients of makeup are labeled correctly is the __________.
A)Occupational Health and Safety Administration
B)Federal Trade Commission
C)Consumer Product Safety Commission
D)Food and Drug Administration

4.
The Sherman Antitrust Act banned __________.
A)monopolies
B)mergers
C)arbitration
D)negative externalities

5.
When real GDP goes up, the economy is in a period of __________.
A)inflation
B)expansion
C)recession
D)contraction

6.
A recession takes place when real GDP goes down for __________ straight months.
A)three
B)four
C)six
D)twelve

7.
A sustained increase in the general level of prices is called __________.
A)elasticity
B)recession
C)depreciation
D)inflation

8.
An example of a stock index is __________.
A)the NASDAQ
B)the New York Stock Exchange
C)the Dow-Jones Industrial Average
D)AMEX

9.
In general, salaries for men are __________ salaries for women.
A)less than
B)equal to
C)higher than
D)not related to

10.
The Women, Infants, and Children program provides __________.
A)job training for mothers
B)nutrition and health care
C)child care for working, low income mothers
D)shelters for low income women and their children
Civics Today: Citizenship, Economics and You
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