#1
Which President signed the Social Security Act into law?
Franklin D. Roosevelt
Harry S. Truman
Dwight D. Eisenhower
John F. Kennedy
#2
What is the primary purpose of the Federal Reserve System?
Regulating interstate commerce
Controlling inflation
Enforcing antitrust laws
Managing fiscal policy
#3
Which agency is responsible for enforcing laws related to workplace safety and health?
Environmental Protection Agency (EPA)
Occupational Safety and Health Administration (OSHA)
National Labor Relations Board (NLRB)
Consumer Financial Protection Bureau (CFPB)
#4
What is the purpose of SNAP, a federal assistance program in the United States?
Providing affordable housing
Offering job training programs
Offering food assistance
Providing healthcare coverage
#5
Which government agency oversees the collection of federal income taxes in the United States?
Department of the Treasury
Internal Revenue Service (IRS)
Securities and Exchange Commission (SEC)
Federal Reserve System
#6
Which of the following is a characteristic of a mixed economy?
Private ownership of the means of production
Government control of all economic activities
No government intervention in the economy
Combination of private and government ownership/control
#7
Which agency is responsible for regulating the stock market in the United States?
Federal Trade Commission (FTC)
Securities and Exchange Commission (SEC)
Commodity Futures Trading Commission (CFTC)
Financial Industry Regulatory Authority (FINRA)
#8
What is the primary purpose of the Environmental Protection Agency (EPA) in the United States?
Regulating interstate commerce
Protecting public health and the environment
Enforcing antitrust laws
Managing fiscal policy
#9
Which economic indicator measures the total value of goods and services produced within a country's borders?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment rate
Labor force participation rate
#10
Which of the following is NOT a component of Gross Domestic Product (GDP)?
Government spending
Personal savings
Consumer spending
Business investment
#11
What economic theory advocates for government intervention in markets during economic downturns?
Keynesian economics
Monetarism
Supply-side economics
Austrian economics
#12
Which piece of legislation was enacted to regulate the financial industry following the Great Depression?
Glass-Steagall Act
Dodd-Frank Act
Sarbanes-Oxley Act
Gramm-Leach-Bliley Act
#13
Which economic concept refers to a sustained, long-term downturn in economic activity?
Recession
Boom
Depression
Inflation
#14
What is the primary tool used by the Federal Reserve to influence monetary policy?
Setting interest rates
Conducting open market operations
Taxation
Government spending
#15
Which President implemented the New Deal policies to address the Great Depression?
Herbert Hoover
Calvin Coolidge
Franklin D. Roosevelt
Woodrow Wilson
#16
Which of the following is an example of a regressive tax?
Sales tax
Progressive tax
Property tax
Income tax
#17
What is the primary goal of expansionary monetary policy?
Decreasing the money supply
Fighting inflation
Reducing government spending
Stimulating economic growth
#18
Which of the following is a measure of income inequality?
Consumer Price Index (CPI)
Gini coefficient
Aggregate demand
Labor force participation rate
#19
Which of the following is NOT a component of the Consumer Price Index (CPI)?
Food and beverages
Housing
Healthcare
Stock market performance
#20
Which President signed the Civil Rights Act of 1964 into law?
John F. Kennedy
Lyndon B. Johnson
Richard Nixon
Jimmy Carter
#21
Which of the following is a goal of trade protectionism?
Promoting free trade
Expanding export opportunities
Limiting imports
Encouraging foreign investment
#22
Which social program provides health insurance for Americans aged 65 and older?
Medicaid
Medicare
CHIP
Obamacare
#23
What is the main purpose of the Affordable Care Act (Obamacare)?
Regulating the financial industry
Providing affordable health insurance
Promoting renewable energy
Expanding access to higher education
#24
What is the main goal of fiscal policy?
Controlling inflation
Stabilizing the economy
Promoting economic growth
Maintaining a balanced budget
#25
Which economic theory advocates for reducing government regulation and intervention in the economy?
Keynesian economics
Monetarism
Supply-side economics
Behavioral economics