MCQ Questions
Q.1.
When a government passes a law granting citizens tax credits if they use public transportation on a regular basis, which technique of policy enactment is it using?
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    poverty, civil rights, and health care
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    incentive
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    the State Department
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    hortatory
Q.2.
Communism and socialism are largely based on the works of which economist?
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    Karl Marx
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    money
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    sales tax
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    hortatory
Q.3.
Which primary areas did President Johnson's Great Society seek to address?
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    the State Department
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    Its role is to regulate the US financial system.
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    poverty, civil rights, and health care
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    incentive
Q.4.
Imagine driving down the highway and reading a sign that states "Save the planet—don't litter." Which technique of policy enactment is being used?
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    having a large ocean on each side of the country
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    increased price of the good
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    hortatory
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    sales tax
Q.5.
Economics is the study of what?
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    the production, distribution, and consumption of goods and services
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    to preserve international peace through discussion
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    the government's attempt to solve internal problems
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    to preserve competition among business firms
Q.6.
Which historical event is the best example of domestic policy?
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    Congress approves a declaration of war on a foreign enemy.
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    Medicare
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    the Affordable Care Act
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    a formal agreement between two or more nations
Q.7.
What geographic feature made early Americans consider isolationist policies?
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    Its role is to regulate the US financial system.
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    having a large ocean on each side of the country
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    to preserve international peace through discussion
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    A solution might become obsolete over time.
Q.8.
If the demand for a good increases without its supply increasing, what change will occur?
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    Yes, because eventually the debt must be repaid with interest.
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    A solution might become obsolete over time.
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    Its role is to regulate the US financial system.
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    increased price of the good
Q.9.
Which economic mechanism does a barter system operate without?
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    money
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    Karl Marx
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    sales tax
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    Its role is to regulate the US financial system.
Q.10.
Which program created during President Johnson's administration focuses on providing health coverage to the elderly?
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    poverty, civil rights, and health care
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    the Affordable Care Act
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    Congress approves a declaration of war on a foreign enemy.
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    Medicare
Q.11.
What is the purpose of federal antitrust laws?
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    to preserve competition among business firms
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    to preserve international peace through discussion
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    Its role is to regulate the US financial system.
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    the government's attempt to solve internal problems
Q.12.
What is the primary mission of the United Nations?
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    to preserve international peace through discussion
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    to preserve competition among business firms
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    Its role is to regulate the US financial system.
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    the government's attempt to solve internal problems
Q.13.
Which phrase best describes domestic policy?
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    to preserve competition among business firms
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    to preserve international peace through discussion
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    the government's attempt to solve internal problems
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    Its role is to regulate the US financial system.
Q.14.
What is a treaty?
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    a formal agreement between two or more nations
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    to preserve competition among business firms
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    the Affordable Care Act
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    to preserve international peace through discussion
Q.15.
Is there a potential problem if governments continually finance goods and services with borrowed money?
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    increased price of the good
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    Yes, because eventually the debt must be repaid with interest.
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    having a large ocean on each side of the country
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    A solution might become obsolete over time.
Q.16.
Which kind of tax is paid when purchasing consumer goods and services?
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    Its role is to regulate the US financial system.
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    increased price of the good
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    sales tax
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    A solution might become obsolete over time.