ScienceEconomicsQUIZ: Financial Lit Unit 2
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QUIZ: Financial Lit Unit 2

Pembroke Jackson avatar Pembroke Jackson
11 February 2024
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15 test answers

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D (Additional)
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In economic terms, marginal is another word for which of the following? A. Outside B. Boundaries C. Rare D. Additional
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C (Contractionary)
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An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? A. Exceptionary B. Expansionary C. Contractionary D. Neutral
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B (To generate income for the company)
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Why do most companies sell shares of stock? A. All companies are required to sell shares of stock. B. To generate income for the company. C. To let more people vote on company decisions. D. To gain a greater reputation.
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D (Physical)
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The New York Stock Exchange is an example of what type of stock market? A. Virtual B. Distance C. Individual D. Physical
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A (True)
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Entrepreneurial ability refers to the human resource of finding resources, making business decisions, and creating new products. A. True B. False
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A (False)
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"Free" items only cost the company that gives them away. A. False B. True
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A (Open outcry)
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What is a sort of auction for stocks in which traders verbally submit their offers? A. Open outcry B. Loud session C. Public caucus D. Verbal auction
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B (Resources are limited)
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What is one economic principle? A. Resources are unlimited. B. Resources are limited. C. Individuals have no rational self-interest. D. The wants of society are limited.
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B (True)
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The most common way for a government to raise money is through the collection of taxes. A. False B. True
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A (False)
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In economic terms, "land" refers only to physical plots of ground. A. False B. True
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B (True)
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Economists argue that individuals have "rational self-interest." A. False B. True
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A (All of the above)
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Governments collect money through which of the following? A. All of the above B. Taxes C. Selling resources D. Bonds
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C (Entrepreneurial ability)
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Which of the following is an economic resource? A. All of the above B. Money C. Entrepreneurial ability D. Investments
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B (Stock)
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A share of ownership in a company is known as which of the following? A. Rebate B. Stock C. Bond D. Investment
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C (Economic resources are limited)
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What is true about economic resources? A. Economic resources include only money. B. Economic resources are always controlled by the government. C. Economic resources are limited. D. Economic resources exist only at the individual level.