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economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify influence of training and education programs on economic growth | influence of training and education programs on economic growth | False | MCQ | Spending on training and education programs for workers as a percentage of gross domestic product is greater in Country A than in Country B. Which of the following is most likely to be true over the long term? | Country A's economic growth rate will be higher than Country B's. | Country A's interest rate will be lower than Country B's. | Country A's trade surplus will be higher than Country B's. | Country A's minimum-wage rate will be lower than Country B's. | A | Country A's economic growth rate will be higher than Country B's. | 4 | 1 | A | Country A's economic growth rate will be higher than Country B's. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify influence of training and education programs on economic growth | influence of training and education programs on economic growth | False | MCQ | Spending on training and education programs for workers as a percentage of gross domestic product is greater in Country A than in Country B. Which of the following is most likely to be true over the long term? | Country A's economic growth rate will be higher than Country B's. | Country A's interest rate will be lower than Country B's. | Country A's trade surplus will be higher than Country B's. | Country A's minimum-wage rate will be lower than Country B's. | A | Country A's economic growth rate will be higher than Country B's. | 4 | 1 | B | Country A's interest rate will be lower than Country B's. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify influence of training and education programs on economic growth | influence of training and education programs on economic growth | False | MCQ | Spending on training and education programs for workers as a percentage of gross domestic product is greater in Country A than in Country B. Which of the following is most likely to be true over the long term? | Country A's economic growth rate will be higher than Country B's. | Country A's interest rate will be lower than Country B's. | Country A's trade surplus will be higher than Country B's. | Country A's minimum-wage rate will be lower than Country B's. | A | Country A's economic growth rate will be higher than Country B's. | 4 | 1 | C | Country A's trade surplus will be higher than Country B's. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify influence of training and education programs on economic growth | influence of training and education programs on economic growth | False | MCQ | Spending on training and education programs for workers as a percentage of gross domestic product is greater in Country A than in Country B. Which of the following is most likely to be true over the long term? | Country A's economic growth rate will be higher than Country B's. | Country A's interest rate will be lower than Country B's. | Country A's trade surplus will be higher than Country B's. | Country A's minimum-wage rate will be lower than Country B's. | A | Country A's economic growth rate will be higher than Country B's. | 4 | 1 | D | Country A's minimum-wage rate will be lower than Country B's. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify impact of increase in consumer spending upon employment | impact of increase in consumer spending upon employment | False | MCQ | Which of the following changes is most likely to cause an increase in employment? | An increase in consumer spending | An increase in interest rates | A decrease in business investment | A decrease in income | A | An increase in consumer spending | 4 | 1 | A | An increase in consumer spending | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify impact of increase in consumer spending upon employment | impact of increase in consumer spending upon employment | False | MCQ | Which of the following changes is most likely to cause an increase in employment? | An increase in consumer spending | An increase in interest rates | A decrease in business investment | A decrease in income | A | An increase in consumer spending | 4 | 1 | B | An increase in interest rates | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify impact of increase in consumer spending upon employment | impact of increase in consumer spending upon employment | False | MCQ | Which of the following changes is most likely to cause an increase in employment? | An increase in consumer spending | An increase in interest rates | A decrease in business investment | A decrease in income | A | An increase in consumer spending | 4 | 1 | C | A decrease in business investment | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify impact of increase in consumer spending upon employment | impact of increase in consumer spending upon employment | False | MCQ | Which of the following changes is most likely to cause an increase in employment? | An increase in consumer spending | An increase in interest rates | A decrease in business investment | A decrease in income | A | An increase in consumer spending | 4 | 1 | D | A decrease in income | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in exchange rates impact exports and imports | how changes in exchange rates impact exports and imports | False | MCQ | Suppose that the value of the Japanese yen declines relative to the United States dollar in foreign exchange markets. United States exports to Japan and United States imports from Japan are most likely to change in which of the following ways? | Increase Increase | Increase Decrease | Decrease Increase | Decrease Decrease | C | Decrease Increase | 4 | 1 | A | Increase Increase | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in exchange rates impact exports and imports | how changes in exchange rates impact exports and imports | False | MCQ | Suppose that the value of the Japanese yen declines relative to the United States dollar in foreign exchange markets. United States exports to Japan and United States imports from Japan are most likely to change in which of the following ways? | Increase Increase | Increase Decrease | Decrease Increase | Decrease Decrease | C | Decrease Increase | 4 | 1 | B | Increase Decrease | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in exchange rates impact exports and imports | how changes in exchange rates impact exports and imports | False | MCQ | Suppose that the value of the Japanese yen declines relative to the United States dollar in foreign exchange markets. United States exports to Japan and United States imports from Japan are most likely to change in which of the following ways? | Increase Increase | Increase Decrease | Decrease Increase | Decrease Decrease | C | Decrease Increase | 4 | 1 | C | Decrease Increase | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in exchange rates impact exports and imports | how changes in exchange rates impact exports and imports | False | MCQ | Suppose that the value of the Japanese yen declines relative to the United States dollar in foreign exchange markets. United States exports to Japan and United States imports from Japan are most likely to change in which of the following ways? | Increase Increase | Increase Decrease | Decrease Increase | Decrease Decrease | C | Decrease Increase | 4 | 1 | D | Decrease Decrease | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Explain how a reduction in taxes would affect employment and interest rates in the short term | how a reduction in taxes would affect employment and interest rates in the short term | False | Constructed | Explain how and why a reduction in taxes would affect employment in the short term. Explain how and why a reduction in taxes would affect interest rates in the short term. | 0 | 0 | ref-1 | The response indicates an understanding that reducing taxes both (A) promotes more employment and (B) places upward pressure on interest rates. The response indicates that (C) decreasing taxes increases income and spending, leading to an increase in employment; and (D) decreasing taxes increases income and spending, in... | correct | 1.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Explain how a reduction in taxes would affect employment and interest rates in the short term | how a reduction in taxes would affect employment and interest rates in the short term | False | Constructed | Explain how and why a reduction in taxes would affect employment in the short term. Explain how and why a reduction in taxes would affect interest rates in the short term. | 0 | 0 | ref-2 | The response provides one correct effect with explanation, OR two effects with one correct explanation. That is: (A +C) or (B+D) or (A+C+B) or (A+B+D). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Explain how a reduction in taxes would affect employment and interest rates in the short term | how a reduction in taxes would affect employment and interest rates in the short term | False | Constructed | Explain how and why a reduction in taxes would affect employment in the short term. Explain how and why a reduction in taxes would affect interest rates in the short term. | 0 | 0 | ref-3 | The response provides (A) or (B) or (A+B). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Explain how a reduction in taxes would affect employment and interest rates in the short term | how a reduction in taxes would affect employment and interest rates in the short term | False | Constructed | Explain how and why a reduction in taxes would affect employment in the short term. Explain how and why a reduction in taxes would affect interest rates in the short term. | 0 | 0 | ref-4 | No acceptable response. | incorrect | 0.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a factor that would reduce a shortage in the labor market | a factor that would reduce a shortage in the labor market | False | MCQ | the nursing shortage reported in the headline above? | Increasing the wage rate of nurses | Opening additional hospitals in cities | Decreasing the number of nursing school scholarships | Raising the certification requirements for registered nurses | A | Increasing the wage rate of nurses | 4 | 1 | images/grade12_2012_2012-12E5_5_E407601_img1.png | A | Increasing the wage rate of nurses | correct | 1.0 | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a factor that would reduce a shortage in the labor market | a factor that would reduce a shortage in the labor market | False | MCQ | the nursing shortage reported in the headline above? | Increasing the wage rate of nurses | Opening additional hospitals in cities | Decreasing the number of nursing school scholarships | Raising the certification requirements for registered nurses | A | Increasing the wage rate of nurses | 4 | 1 | images/grade12_2012_2012-12E5_5_E407601_img1.png | B | Opening additional hospitals in cities | incorrect | 0.0 | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a factor that would reduce a shortage in the labor market | a factor that would reduce a shortage in the labor market | False | MCQ | the nursing shortage reported in the headline above? | Increasing the wage rate of nurses | Opening additional hospitals in cities | Decreasing the number of nursing school scholarships | Raising the certification requirements for registered nurses | A | Increasing the wage rate of nurses | 4 | 1 | images/grade12_2012_2012-12E5_5_E407601_img1.png | C | Decreasing the number of nursing school scholarships | incorrect | 0.0 | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a factor that would reduce a shortage in the labor market | a factor that would reduce a shortage in the labor market | False | MCQ | the nursing shortage reported in the headline above? | Increasing the wage rate of nurses | Opening additional hospitals in cities | Decreasing the number of nursing school scholarships | Raising the certification requirements for registered nurses | A | Increasing the wage rate of nurses | 4 | 1 | images/grade12_2012_2012-12E5_5_E407601_img1.png | D | Raising the certification requirements for registered nurses | incorrect | 0.0 | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine the equilibrium price of a product from a data table | the equilibrium price of a product from a data table | False | MCQ | According to the table above, what is the equilibrium price of notebooks? | | Price | Quantity of Notebooks Supplied | Quantity of Notebooks Demanded |
| --- | --- | --- |
| $1.00 | 100 units | 100 units |
| $2.00 | 125 units | 75 units |
| $3.00 | 150 units | 50 units |
| $4.00 | 175 units | 25 units | | $1.00 | $2.00 | $3.00 | $4.00 | A | $1.00 | 4 | 1 | A | $1.00 | correct | 1.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine the equilibrium price of a product from a data table | the equilibrium price of a product from a data table | False | MCQ | According to the table above, what is the equilibrium price of notebooks? | | Price | Quantity of Notebooks Supplied | Quantity of Notebooks Demanded |
| --- | --- | --- |
| $1.00 | 100 units | 100 units |
| $2.00 | 125 units | 75 units |
| $3.00 | 150 units | 50 units |
| $4.00 | 175 units | 25 units | | $1.00 | $2.00 | $3.00 | $4.00 | A | $1.00 | 4 | 1 | B | $2.00 | incorrect | 0.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine the equilibrium price of a product from a data table | the equilibrium price of a product from a data table | False | MCQ | According to the table above, what is the equilibrium price of notebooks? | | Price | Quantity of Notebooks Supplied | Quantity of Notebooks Demanded |
| --- | --- | --- |
| $1.00 | 100 units | 100 units |
| $2.00 | 125 units | 75 units |
| $3.00 | 150 units | 50 units |
| $4.00 | 175 units | 25 units | | $1.00 | $2.00 | $3.00 | $4.00 | A | $1.00 | 4 | 1 | C | $3.00 | incorrect | 0.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine the equilibrium price of a product from a data table | the equilibrium price of a product from a data table | False | MCQ | According to the table above, what is the equilibrium price of notebooks? | | Price | Quantity of Notebooks Supplied | Quantity of Notebooks Demanded |
| --- | --- | --- |
| $1.00 | 100 units | 100 units |
| $2.00 | 125 units | 75 units |
| $3.00 | 150 units | 50 units |
| $4.00 | 175 units | 25 units | | $1.00 | $2.00 | $3.00 | $4.00 | A | $1.00 | 4 | 1 | D | $4.00 | incorrect | 0.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Analyze data to determine changes in comparative advantages between countries | data to determine changes in comparative advantages between countries | False | MCQ | The tables above show the amounts of rice and wheat (in bushels per acre) that Country A and Country B can produce each year over a 2-year period. Which of the following statements about comparative advantage is correct? | | Country | Rice | Wheat |
| --- | --- | --- |
| A | 100 | 100 |
| B | 80 | 40 |
---
| Country | Rice | Wheat |
| --- | --- | --- |
| A | 60 | 30 |
| B | 40 | 40 | | In both years, Country A has a comparative advantage in wheat. | In both years, Country A has a comparative advantage in rice. | From year 1 to year 2, Country B's comparative advantage shifts from wheat to rice. | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | D | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | 4 | 1 | A | In both years, Country A has a comparative advantage in wheat. | incorrect | 0.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Analyze data to determine changes in comparative advantages between countries | data to determine changes in comparative advantages between countries | False | MCQ | The tables above show the amounts of rice and wheat (in bushels per acre) that Country A and Country B can produce each year over a 2-year period. Which of the following statements about comparative advantage is correct? | | Country | Rice | Wheat |
| --- | --- | --- |
| A | 100 | 100 |
| B | 80 | 40 |
---
| Country | Rice | Wheat |
| --- | --- | --- |
| A | 60 | 30 |
| B | 40 | 40 | | In both years, Country A has a comparative advantage in wheat. | In both years, Country A has a comparative advantage in rice. | From year 1 to year 2, Country B's comparative advantage shifts from wheat to rice. | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | D | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | 4 | 1 | B | In both years, Country A has a comparative advantage in rice. | incorrect | 0.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Analyze data to determine changes in comparative advantages between countries | data to determine changes in comparative advantages between countries | False | MCQ | The tables above show the amounts of rice and wheat (in bushels per acre) that Country A and Country B can produce each year over a 2-year period. Which of the following statements about comparative advantage is correct? | | Country | Rice | Wheat |
| --- | --- | --- |
| A | 100 | 100 |
| B | 80 | 40 |
---
| Country | Rice | Wheat |
| --- | --- | --- |
| A | 60 | 30 |
| B | 40 | 40 | | In both years, Country A has a comparative advantage in wheat. | In both years, Country A has a comparative advantage in rice. | From year 1 to year 2, Country B's comparative advantage shifts from wheat to rice. | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | D | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | 4 | 1 | C | From year 1 to year 2, Country B's comparative advantage shifts from wheat to rice. | incorrect | 0.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Analyze data to determine changes in comparative advantages between countries | data to determine changes in comparative advantages between countries | False | MCQ | The tables above show the amounts of rice and wheat (in bushels per acre) that Country A and Country B can produce each year over a 2-year period. Which of the following statements about comparative advantage is correct? | | Country | Rice | Wheat |
| --- | --- | --- |
| A | 100 | 100 |
| B | 80 | 40 |
---
| Country | Rice | Wheat |
| --- | --- | --- |
| A | 60 | 30 |
| B | 40 | 40 | | In both years, Country A has a comparative advantage in wheat. | In both years, Country A has a comparative advantage in rice. | From year 1 to year 2, Country B's comparative advantage shifts from wheat to rice. | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | D | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | 4 | 1 | D | From year 1 to year 2, Country B's comparative advantage shifts from rice to wheat. | correct | 1.0 | Not supported with pagination yet | ||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a cause of a drop in short-term interest rates | a cause of a drop in short-term interest rates | False | MCQ | Which of the following is most likely to cause a drop in short-term interest rates? | An increase in government spending | An increase in the money supply | An increase in bank reserve requirements | An increase in the national debt | B | An increase in the money supply | 4 | 1 | A | An increase in government spending | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a cause of a drop in short-term interest rates | a cause of a drop in short-term interest rates | False | MCQ | Which of the following is most likely to cause a drop in short-term interest rates? | An increase in government spending | An increase in the money supply | An increase in bank reserve requirements | An increase in the national debt | B | An increase in the money supply | 4 | 1 | B | An increase in the money supply | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a cause of a drop in short-term interest rates | a cause of a drop in short-term interest rates | False | MCQ | Which of the following is most likely to cause a drop in short-term interest rates? | An increase in government spending | An increase in the money supply | An increase in bank reserve requirements | An increase in the national debt | B | An increase in the money supply | 4 | 1 | C | An increase in bank reserve requirements | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a cause of a drop in short-term interest rates | a cause of a drop in short-term interest rates | False | MCQ | Which of the following is most likely to cause a drop in short-term interest rates? | An increase in government spending | An increase in the money supply | An increase in bank reserve requirements | An increase in the national debt | B | An increase in the money supply | 4 | 1 | D | An increase in the national debt | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe two economic factors that could influence a household's decision making process | two economic factors that could influence a household's decision making process | False | Constructed | Robert and Sally are a 2-income married couple. They are starting a family and deciding whether 1 parent should stay at home with the children and not work for money. Briefly describe 2 economic factors that are most likely to influence their decision. 1) 2) | 0 | 0 | ref-1 | The response indicates an understanding that reducing taxes both (A) promotes more employment and (B) places upward pressure on interest rates. The response indicates that (C) decreasing taxes increases income and spending, leading to an increase in employment; and (D) decreasing taxes increases income and spending, in... | correct | 1.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe two economic factors that could influence a household's decision making process | two economic factors that could influence a household's decision making process | False | Constructed | Robert and Sally are a 2-income married couple. They are starting a family and deciding whether 1 parent should stay at home with the children and not work for money. Briefly describe 2 economic factors that are most likely to influence their decision. 1) 2) | 0 | 0 | ref-2 | The response provides one correct effect with explanation, OR two effects with one correct explanation. That is: (A +C) or (B+D) or (A+C+B) or (A+B+D). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe two economic factors that could influence a household's decision making process | two economic factors that could influence a household's decision making process | False | Constructed | Robert and Sally are a 2-income married couple. They are starting a family and deciding whether 1 parent should stay at home with the children and not work for money. Briefly describe 2 economic factors that are most likely to influence their decision. 1) 2) | 0 | 0 | ref-3 | The response provides (A) or (B) or (A+B). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe two economic factors that could influence a household's decision making process | two economic factors that could influence a household's decision making process | False | Constructed | Robert and Sally are a 2-income married couple. They are starting a family and deciding whether 1 parent should stay at home with the children and not work for money. Briefly describe 2 economic factors that are most likely to influence their decision. 1) 2) | 0 | 0 | ref-4 | No acceptable response. | incorrect | 0.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a probable result that could occur from the imposition of a tariff | a probable result that could occur from the imposition of a tariff | False | MCQ | Which of the following would most likely result if the United States Congress were to place a tariff on imports of aluminum? | United States consumers would pay higher prices for goods made with aluminum. | The tariff would increase the United States economy's growth rate by raising productivity rates. | An increase in costs would cause United States producers of aluminum to decrease production. | United States manufacturers that use aluminum to produce goods would benefit. | A | United States consumers would pay higher prices for goods made with aluminum. | 4 | 1 | A | United States consumers would pay higher prices for goods made with aluminum. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a probable result that could occur from the imposition of a tariff | a probable result that could occur from the imposition of a tariff | False | MCQ | Which of the following would most likely result if the United States Congress were to place a tariff on imports of aluminum? | United States consumers would pay higher prices for goods made with aluminum. | The tariff would increase the United States economy's growth rate by raising productivity rates. | An increase in costs would cause United States producers of aluminum to decrease production. | United States manufacturers that use aluminum to produce goods would benefit. | A | United States consumers would pay higher prices for goods made with aluminum. | 4 | 1 | B | The tariff would increase the United States economy's growth rate by raising productivity rates. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a probable result that could occur from the imposition of a tariff | a probable result that could occur from the imposition of a tariff | False | MCQ | Which of the following would most likely result if the United States Congress were to place a tariff on imports of aluminum? | United States consumers would pay higher prices for goods made with aluminum. | The tariff would increase the United States economy's growth rate by raising productivity rates. | An increase in costs would cause United States producers of aluminum to decrease production. | United States manufacturers that use aluminum to produce goods would benefit. | A | United States consumers would pay higher prices for goods made with aluminum. | 4 | 1 | C | An increase in costs would cause United States producers of aluminum to decrease production. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify a probable result that could occur from the imposition of a tariff | a probable result that could occur from the imposition of a tariff | False | MCQ | Which of the following would most likely result if the United States Congress were to place a tariff on imports of aluminum? | United States consumers would pay higher prices for goods made with aluminum. | The tariff would increase the United States economy's growth rate by raising productivity rates. | An increase in costs would cause United States producers of aluminum to decrease production. | United States manufacturers that use aluminum to produce goods would benefit. | A | United States consumers would pay higher prices for goods made with aluminum. | 4 | 1 | D | United States manufacturers that use aluminum to produce goods would benefit. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of events upon the interest rates charged by banks | the impact of events upon the interest rates charged by banks | False | MCQ | How would a large increase in the number of business and personal bankruptcies over several years tend to affect the interest rates that banks charge for loans? | Interest rates would fall because the supply of funds would decrease. | Interest rates would rise because banks would find it riskier to lend funds. | Interest rates would stay the same because banks are not affected by bankruptcies. | The answer cannot be determined because the government sets interest rates that banks charge for loans. | B | Interest rates would rise because banks would find it riskier to lend funds. | 4 | 1 | A | Interest rates would fall because the supply of funds would decrease. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of events upon the interest rates charged by banks | the impact of events upon the interest rates charged by banks | False | MCQ | How would a large increase in the number of business and personal bankruptcies over several years tend to affect the interest rates that banks charge for loans? | Interest rates would fall because the supply of funds would decrease. | Interest rates would rise because banks would find it riskier to lend funds. | Interest rates would stay the same because banks are not affected by bankruptcies. | The answer cannot be determined because the government sets interest rates that banks charge for loans. | B | Interest rates would rise because banks would find it riskier to lend funds. | 4 | 1 | B | Interest rates would rise because banks would find it riskier to lend funds. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of events upon the interest rates charged by banks | the impact of events upon the interest rates charged by banks | False | MCQ | How would a large increase in the number of business and personal bankruptcies over several years tend to affect the interest rates that banks charge for loans? | Interest rates would fall because the supply of funds would decrease. | Interest rates would rise because banks would find it riskier to lend funds. | Interest rates would stay the same because banks are not affected by bankruptcies. | The answer cannot be determined because the government sets interest rates that banks charge for loans. | B | Interest rates would rise because banks would find it riskier to lend funds. | 4 | 1 | C | Interest rates would stay the same because banks are not affected by bankruptcies. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of events upon the interest rates charged by banks | the impact of events upon the interest rates charged by banks | False | MCQ | How would a large increase in the number of business and personal bankruptcies over several years tend to affect the interest rates that banks charge for loans? | Interest rates would fall because the supply of funds would decrease. | Interest rates would rise because banks would find it riskier to lend funds. | Interest rates would stay the same because banks are not affected by bankruptcies. | The answer cannot be determined because the government sets interest rates that banks charge for loans. | B | Interest rates would rise because banks would find it riskier to lend funds. | 4 | 1 | D | The answer cannot be determined because the government sets interest rates that banks charge for loans. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Apply economic reasoning to a situation | economic reasoning to a situation | False | MCQ | After watching part of a movie she rented, Samantha finds that it is not as good as she expected. Which of the following should she consider in deciding whether to continue watching the movie? | The price she paid to rent the movie | The amount of time she already spent watching the movie | The activity she could do if she stopped watching the movie | The time it would take to return the movie | C | The activity she could do if she stopped watching the movie | 4 | 1 | A | The price she paid to rent the movie | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Apply economic reasoning to a situation | economic reasoning to a situation | False | MCQ | After watching part of a movie she rented, Samantha finds that it is not as good as she expected. Which of the following should she consider in deciding whether to continue watching the movie? | The price she paid to rent the movie | The amount of time she already spent watching the movie | The activity she could do if she stopped watching the movie | The time it would take to return the movie | C | The activity she could do if she stopped watching the movie | 4 | 1 | B | The amount of time she already spent watching the movie | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Apply economic reasoning to a situation | economic reasoning to a situation | False | MCQ | After watching part of a movie she rented, Samantha finds that it is not as good as she expected. Which of the following should she consider in deciding whether to continue watching the movie? | The price she paid to rent the movie | The amount of time she already spent watching the movie | The activity she could do if she stopped watching the movie | The time it would take to return the movie | C | The activity she could do if she stopped watching the movie | 4 | 1 | C | The activity she could do if she stopped watching the movie | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Apply economic reasoning to a situation | economic reasoning to a situation | False | MCQ | After watching part of a movie she rented, Samantha finds that it is not as good as she expected. Which of the following should she consider in deciding whether to continue watching the movie? | The price she paid to rent the movie | The amount of time she already spent watching the movie | The activity she could do if she stopped watching the movie | The time it would take to return the movie | C | The activity she could do if she stopped watching the movie | 4 | 1 | D | The time it would take to return the movie | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in production costs will affect the level of production and product price | how changes in production costs will affect the level of production and product price | False | Constructed | How will the installation of this equipment affect (1) the company's level of production and (2) the price of the company's product? | 0 | 0 | ref-1 | The response indicates an understanding that reducing taxes both (A) promotes more employment and (B) places upward pressure on interest rates. The response indicates that (C) decreasing taxes increases income and spending, leading to an increase in employment; and (D) decreasing taxes increases income and spending, in... | correct | 1.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in production costs will affect the level of production and product price | how changes in production costs will affect the level of production and product price | False | Constructed | How will the installation of this equipment affect (1) the company's level of production and (2) the price of the company's product? | 0 | 0 | ref-2 | The response provides one correct effect with explanation, OR two effects with one correct explanation. That is: (A +C) or (B+D) or (A+C+B) or (A+B+D). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in production costs will affect the level of production and product price | how changes in production costs will affect the level of production and product price | False | Constructed | How will the installation of this equipment affect (1) the company's level of production and (2) the price of the company's product? | 0 | 0 | ref-3 | The response provides (A) or (B) or (A+B). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Determine how changes in production costs will affect the level of production and product price | how changes in production costs will affect the level of production and product price | False | Constructed | How will the installation of this equipment affect (1) the company's level of production and (2) the price of the company's product? | 0 | 0 | ref-4 | No acceptable response. | incorrect | 0.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an action the Federal Reserve can take to reduce inflation | an action the Federal Reserve can take to reduce inflation | False | MCQ | Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States? | Increase government spending | Increase the money supply | Increase interest rates | Increase taxes | C | Increase interest rates | 4 | 1 | A | Increase government spending | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an action the Federal Reserve can take to reduce inflation | an action the Federal Reserve can take to reduce inflation | False | MCQ | Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States? | Increase government spending | Increase the money supply | Increase interest rates | Increase taxes | C | Increase interest rates | 4 | 1 | B | Increase the money supply | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an action the Federal Reserve can take to reduce inflation | an action the Federal Reserve can take to reduce inflation | False | MCQ | Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States? | Increase government spending | Increase the money supply | Increase interest rates | Increase taxes | C | Increase interest rates | 4 | 1 | C | Increase interest rates | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an action the Federal Reserve can take to reduce inflation | an action the Federal Reserve can take to reduce inflation | False | MCQ | Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States? | Increase government spending | Increase the money supply | Increase interest rates | Increase taxes | C | Increase interest rates | 4 | 1 | D | Increase taxes | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how production and consumption decisions are made in a market economy | how production and consumption decisions are made in a market economy | False | MCQ | In a market economy, most decisions about which goods and services to produce, how to produce them, and who will consume them are made primarily by which of the following? | The national government | Industry planning groups | Local and state governments | Consumers and producers | D | Consumers and producers | 4 | 1 | A | The national government | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how production and consumption decisions are made in a market economy | how production and consumption decisions are made in a market economy | False | MCQ | In a market economy, most decisions about which goods and services to produce, how to produce them, and who will consume them are made primarily by which of the following? | The national government | Industry planning groups | Local and state governments | Consumers and producers | D | Consumers and producers | 4 | 1 | B | Industry planning groups | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how production and consumption decisions are made in a market economy | how production and consumption decisions are made in a market economy | False | MCQ | In a market economy, most decisions about which goods and services to produce, how to produce them, and who will consume them are made primarily by which of the following? | The national government | Industry planning groups | Local and state governments | Consumers and producers | D | Consumers and producers | 4 | 1 | C | Local and state governments | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how production and consumption decisions are made in a market economy | how production and consumption decisions are made in a market economy | False | MCQ | In a market economy, most decisions about which goods and services to produce, how to produce them, and who will consume them are made primarily by which of the following? | The national government | Industry planning groups | Local and state governments | Consumers and producers | D | Consumers and producers | 4 | 1 | D | Consumers and producers | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of higher education on one's future earning potential | the impact of higher education on one's future earning potential | False | MCQ | Janet decides to drop out of college to work full-time. What is most likely to happen to Janet's income relative to that of a classmate who stays and graduates from college? | Janet's income will be greater than the classmate's income now and in the future. | Janet's income will be greater than the classmate's income now but will be lower in the future. | Janet's income will be lower than the classmate's income both now and in the future. | Janet's income will be lower than the classmate's income now but will be greater in the future. | B | Janet's income will be greater than the classmate's income now but will be lower in the future. | 4 | 1 | A | Janet's income will be greater than the classmate's income now and in the future. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of higher education on one's future earning potential | the impact of higher education on one's future earning potential | False | MCQ | Janet decides to drop out of college to work full-time. What is most likely to happen to Janet's income relative to that of a classmate who stays and graduates from college? | Janet's income will be greater than the classmate's income now and in the future. | Janet's income will be greater than the classmate's income now but will be lower in the future. | Janet's income will be lower than the classmate's income both now and in the future. | Janet's income will be lower than the classmate's income now but will be greater in the future. | B | Janet's income will be greater than the classmate's income now but will be lower in the future. | 4 | 1 | B | Janet's income will be greater than the classmate's income now but will be lower in the future. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of higher education on one's future earning potential | the impact of higher education on one's future earning potential | False | MCQ | Janet decides to drop out of college to work full-time. What is most likely to happen to Janet's income relative to that of a classmate who stays and graduates from college? | Janet's income will be greater than the classmate's income now and in the future. | Janet's income will be greater than the classmate's income now but will be lower in the future. | Janet's income will be lower than the classmate's income both now and in the future. | Janet's income will be lower than the classmate's income now but will be greater in the future. | B | Janet's income will be greater than the classmate's income now but will be lower in the future. | 4 | 1 | C | Janet's income will be lower than the classmate's income both now and in the future. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Evaluate the impact of higher education on one's future earning potential | the impact of higher education on one's future earning potential | False | MCQ | Janet decides to drop out of college to work full-time. What is most likely to happen to Janet's income relative to that of a classmate who stays and graduates from college? | Janet's income will be greater than the classmate's income now and in the future. | Janet's income will be greater than the classmate's income now but will be lower in the future. | Janet's income will be lower than the classmate's income both now and in the future. | Janet's income will be lower than the classmate's income now but will be greater in the future. | B | Janet's income will be greater than the classmate's income now but will be lower in the future. | 4 | 1 | D | Janet's income will be lower than the classmate's income now but will be greater in the future. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a factor that influences the price elasticity demand of a product | a factor that influences the price elasticity demand of a product | False | MCQ | Which of the following statements best explains why a large increase in the price of gasoline will result in only a small decrease in quantity demanded? | Gasoline is a luxury good. | Gasoline takes a large portion of consumers' budgets. | Gasoline has no close substitutes. | Gasoline taxes remain high. | C | Gasoline has no close substitutes. | 4 | 1 | A | Gasoline is a luxury good. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a factor that influences the price elasticity demand of a product | a factor that influences the price elasticity demand of a product | False | MCQ | Which of the following statements best explains why a large increase in the price of gasoline will result in only a small decrease in quantity demanded? | Gasoline is a luxury good. | Gasoline takes a large portion of consumers' budgets. | Gasoline has no close substitutes. | Gasoline taxes remain high. | C | Gasoline has no close substitutes. | 4 | 1 | B | Gasoline takes a large portion of consumers' budgets. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a factor that influences the price elasticity demand of a product | a factor that influences the price elasticity demand of a product | False | MCQ | Which of the following statements best explains why a large increase in the price of gasoline will result in only a small decrease in quantity demanded? | Gasoline is a luxury good. | Gasoline takes a large portion of consumers' budgets. | Gasoline has no close substitutes. | Gasoline taxes remain high. | C | Gasoline has no close substitutes. | 4 | 1 | C | Gasoline has no close substitutes. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a factor that influences the price elasticity demand of a product | a factor that influences the price elasticity demand of a product | False | MCQ | Which of the following statements best explains why a large increase in the price of gasoline will result in only a small decrease in quantity demanded? | Gasoline is a luxury good. | Gasoline takes a large portion of consumers' budgets. | Gasoline has no close substitutes. | Gasoline taxes remain high. | C | Gasoline has no close substitutes. | 4 | 1 | D | Gasoline taxes remain high. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize an important factor that improves a country's human capital | an important factor that improves a country's human capital | False | MCQ | Of the following, which is the most important factor in improving a country's human capital? | Job training | Computer technology | Factory machinery | Highway construction | A | Job training | 4 | 1 | A | Job training | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize an important factor that improves a country's human capital | an important factor that improves a country's human capital | False | MCQ | Of the following, which is the most important factor in improving a country's human capital? | Job training | Computer technology | Factory machinery | Highway construction | A | Job training | 4 | 1 | B | Computer technology | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize an important factor that improves a country's human capital | an important factor that improves a country's human capital | False | MCQ | Of the following, which is the most important factor in improving a country's human capital? | Job training | Computer technology | Factory machinery | Highway construction | A | Job training | 4 | 1 | C | Factory machinery | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize an important factor that improves a country's human capital | an important factor that improves a country's human capital | False | MCQ | Of the following, which is the most important factor in improving a country's human capital? | Job training | Computer technology | Factory machinery | Highway construction | A | Job training | 4 | 1 | D | Highway construction | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify the type of tax most important to federal government revenue | the type of tax most important to federal government revenue | False | MCQ | The federal government receives the greatest amount of tax revenue from which of the following sources? | Estate taxes | Property taxes | Sales taxes | Income taxes | D | Income taxes | 4 | 1 | A | Estate taxes | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify the type of tax most important to federal government revenue | the type of tax most important to federal government revenue | False | MCQ | The federal government receives the greatest amount of tax revenue from which of the following sources? | Estate taxes | Property taxes | Sales taxes | Income taxes | D | Income taxes | 4 | 1 | B | Property taxes | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify the type of tax most important to federal government revenue | the type of tax most important to federal government revenue | False | MCQ | The federal government receives the greatest amount of tax revenue from which of the following sources? | Estate taxes | Property taxes | Sales taxes | Income taxes | D | Income taxes | 4 | 1 | C | Sales taxes | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify the type of tax most important to federal government revenue | the type of tax most important to federal government revenue | False | MCQ | The federal government receives the greatest amount of tax revenue from which of the following sources? | Estate taxes | Property taxes | Sales taxes | Income taxes | D | Income taxes | 4 | 1 | D | Income taxes | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how production is influenced by changes in price and demand in a competitive market | how production is influenced by changes in price and demand in a competitive market | False | MCQ | As the demand for T-shirts increases and the price of T-shirts rises, how will T-shirt producers in a competitive market most likely respond? | By laying off T-shirt workers to reduce production costs | By making fewer T-shirts to meet their income goals | By buying more cotton fabric to make more T-shirts | By increasing advertising spending to increase T-shirt sales | C | By buying more cotton fabric to make more T-shirts | 4 | 1 | A | By laying off T-shirt workers to reduce production costs | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how production is influenced by changes in price and demand in a competitive market | how production is influenced by changes in price and demand in a competitive market | False | MCQ | As the demand for T-shirts increases and the price of T-shirts rises, how will T-shirt producers in a competitive market most likely respond? | By laying off T-shirt workers to reduce production costs | By making fewer T-shirts to meet their income goals | By buying more cotton fabric to make more T-shirts | By increasing advertising spending to increase T-shirt sales | C | By buying more cotton fabric to make more T-shirts | 4 | 1 | B | By making fewer T-shirts to meet their income goals | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how production is influenced by changes in price and demand in a competitive market | how production is influenced by changes in price and demand in a competitive market | False | MCQ | As the demand for T-shirts increases and the price of T-shirts rises, how will T-shirt producers in a competitive market most likely respond? | By laying off T-shirt workers to reduce production costs | By making fewer T-shirts to meet their income goals | By buying more cotton fabric to make more T-shirts | By increasing advertising spending to increase T-shirt sales | C | By buying more cotton fabric to make more T-shirts | 4 | 1 | C | By buying more cotton fabric to make more T-shirts | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how production is influenced by changes in price and demand in a competitive market | how production is influenced by changes in price and demand in a competitive market | False | MCQ | As the demand for T-shirts increases and the price of T-shirts rises, how will T-shirt producers in a competitive market most likely respond? | By laying off T-shirt workers to reduce production costs | By making fewer T-shirts to meet their income goals | By buying more cotton fabric to make more T-shirts | By increasing advertising spending to increase T-shirt sales | C | By buying more cotton fabric to make more T-shirts | 4 | 1 | D | By increasing advertising spending to increase T-shirt sales | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an economic term that applies to a given situation | an economic term that applies to a given situation | False | MCQ | Rashad wants to buy a video game and a new shirt. Each item costs $40. Rashad has only $40 to spend. He decides to buy the new shirt instead of the video game. The video game represents which of the following? | Opportunity cost | Equilibrium price | Economic efficiency | Comparative advantage | A | Opportunity cost | 4 | 1 | A | Opportunity cost | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an economic term that applies to a given situation | an economic term that applies to a given situation | False | MCQ | Rashad wants to buy a video game and a new shirt. Each item costs $40. Rashad has only $40 to spend. He decides to buy the new shirt instead of the video game. The video game represents which of the following? | Opportunity cost | Equilibrium price | Economic efficiency | Comparative advantage | A | Opportunity cost | 4 | 1 | B | Equilibrium price | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an economic term that applies to a given situation | an economic term that applies to a given situation | False | MCQ | Rashad wants to buy a video game and a new shirt. Each item costs $40. Rashad has only $40 to spend. He decides to buy the new shirt instead of the video game. The video game represents which of the following? | Opportunity cost | Equilibrium price | Economic efficiency | Comparative advantage | A | Opportunity cost | 4 | 1 | C | Economic efficiency | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify an economic term that applies to a given situation | an economic term that applies to a given situation | False | MCQ | Rashad wants to buy a video game and a new shirt. Each item costs $40. Rashad has only $40 to spend. He decides to buy the new shirt instead of the video game. The video game represents which of the following? | Opportunity cost | Equilibrium price | Economic efficiency | Comparative advantage | A | Opportunity cost | 4 | 1 | D | Comparative advantage | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a role government plays when it grants copyright protection | a role government plays when it grants copyright protection | False | MCQ | Which of the following economic roles does a government play when it provides copyright protection for recorded music? | Granting property rights | Preventing monopoly | Setting fiscal policy | Providing public goods | A | Granting property rights | 4 | 1 | A | Granting property rights | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a role government plays when it grants copyright protection | a role government plays when it grants copyright protection | False | MCQ | Which of the following economic roles does a government play when it provides copyright protection for recorded music? | Granting property rights | Preventing monopoly | Setting fiscal policy | Providing public goods | A | Granting property rights | 4 | 1 | B | Preventing monopoly | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a role government plays when it grants copyright protection | a role government plays when it grants copyright protection | False | MCQ | Which of the following economic roles does a government play when it provides copyright protection for recorded music? | Granting property rights | Preventing monopoly | Setting fiscal policy | Providing public goods | A | Granting property rights | 4 | 1 | C | Setting fiscal policy | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize a role government plays when it grants copyright protection | a role government plays when it grants copyright protection | False | MCQ | Which of the following economic roles does a government play when it provides copyright protection for recorded music? | Granting property rights | Preventing monopoly | Setting fiscal policy | Providing public goods | A | Granting property rights | 4 | 1 | D | Providing public goods | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how opportunity costs influence international trade | how opportunity costs influence international trade | False | MCQ | Which of the following best explains why a product once manufactured in the United States is no longer made here and is now imported from other countries? | The technology needed to make the product has become less expensive in the United States. | The technology needed to make the product has become more expensive in other countries. | The opportunity cost of making the product in other countries has increased. | The opportunity cost of making the product in the United States has increased. | D | The opportunity cost of making the product in the United States has increased. | 4 | 1 | A | The technology needed to make the product has become less expensive in the United States. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how opportunity costs influence international trade | how opportunity costs influence international trade | False | MCQ | Which of the following best explains why a product once manufactured in the United States is no longer made here and is now imported from other countries? | The technology needed to make the product has become less expensive in the United States. | The technology needed to make the product has become more expensive in other countries. | The opportunity cost of making the product in other countries has increased. | The opportunity cost of making the product in the United States has increased. | D | The opportunity cost of making the product in the United States has increased. | 4 | 1 | B | The technology needed to make the product has become more expensive in other countries. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how opportunity costs influence international trade | how opportunity costs influence international trade | False | MCQ | Which of the following best explains why a product once manufactured in the United States is no longer made here and is now imported from other countries? | The technology needed to make the product has become less expensive in the United States. | The technology needed to make the product has become more expensive in other countries. | The opportunity cost of making the product in other countries has increased. | The opportunity cost of making the product in the United States has increased. | D | The opportunity cost of making the product in the United States has increased. | 4 | 1 | C | The opportunity cost of making the product in other countries has increased. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Recognize how opportunity costs influence international trade | how opportunity costs influence international trade | False | MCQ | Which of the following best explains why a product once manufactured in the United States is no longer made here and is now imported from other countries? | The technology needed to make the product has become less expensive in the United States. | The technology needed to make the product has become more expensive in other countries. | The opportunity cost of making the product in other countries has increased. | The opportunity cost of making the product in the United States has increased. | D | The opportunity cost of making the product in the United States has increased. | 4 | 1 | D | The opportunity cost of making the product in the United States has increased. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how viewpoints on tariffs are related to political perspectives | how viewpoints on tariffs are related to political perspectives | False | MCQ | A United States senator relies on the political support of cattle ranchers. Which position on a United States tariff on imported beef is most likely to increase the senator's support among cattle ranchers? | The tariff should be decreased to increase United States cattle prices. | The tariff should be decreased to decrease United States cattle prices. | The tariff should be increased to increase United States cattle prices. | The tariff should be increased to decrease United States cattle prices. | C | The tariff should be increased to increase United States cattle prices. | 4 | 1 | A | The tariff should be decreased to increase United States cattle prices. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how viewpoints on tariffs are related to political perspectives | how viewpoints on tariffs are related to political perspectives | False | MCQ | A United States senator relies on the political support of cattle ranchers. Which position on a United States tariff on imported beef is most likely to increase the senator's support among cattle ranchers? | The tariff should be decreased to increase United States cattle prices. | The tariff should be decreased to decrease United States cattle prices. | The tariff should be increased to increase United States cattle prices. | The tariff should be increased to decrease United States cattle prices. | C | The tariff should be increased to increase United States cattle prices. | 4 | 1 | B | The tariff should be decreased to decrease United States cattle prices. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how viewpoints on tariffs are related to political perspectives | how viewpoints on tariffs are related to political perspectives | False | MCQ | A United States senator relies on the political support of cattle ranchers. Which position on a United States tariff on imported beef is most likely to increase the senator's support among cattle ranchers? | The tariff should be decreased to increase United States cattle prices. | The tariff should be decreased to decrease United States cattle prices. | The tariff should be increased to increase United States cattle prices. | The tariff should be increased to decrease United States cattle prices. | C | The tariff should be increased to increase United States cattle prices. | 4 | 1 | C | The tariff should be increased to increase United States cattle prices. | correct | 1.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Identify how viewpoints on tariffs are related to political perspectives | how viewpoints on tariffs are related to political perspectives | False | MCQ | A United States senator relies on the political support of cattle ranchers. Which position on a United States tariff on imported beef is most likely to increase the senator's support among cattle ranchers? | The tariff should be decreased to increase United States cattle prices. | The tariff should be decreased to decrease United States cattle prices. | The tariff should be increased to increase United States cattle prices. | The tariff should be increased to decrease United States cattle prices. | C | The tariff should be increased to increase United States cattle prices. | 4 | 1 | D | The tariff should be increased to decrease United States cattle prices. | incorrect | 0.0 | Not supported with pagination yet | |||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | False | Constructed | Annette is going on a trip to France. The currency used in France is the euro. When Annette planned for the trip, the exchange rate was 1 United States dollar = 1.40 euros. On the day Annette exchanges her money, she discovers that the exchange rate is now 1 United States dollar = 0.80 euros. Describe what effect this ... | 0 | 0 | ref-1 | The response indicates an understanding that reducing taxes both (A) promotes more employment and (B) places upward pressure on interest rates. The response indicates that (C) decreasing taxes increases income and spending, leading to an increase in employment; and (D) decreasing taxes increases income and spending, in... | correct | 1.0 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | False | Constructed | Annette is going on a trip to France. The currency used in France is the euro. When Annette planned for the trip, the exchange rate was 1 United States dollar = 1.40 euros. On the day Annette exchanges her money, she discovers that the exchange rate is now 1 United States dollar = 0.80 euros. Describe what effect this ... | 0 | 0 | ref-2 | The response provides one correct effect with explanation, OR two effects with one correct explanation. That is: (A +C) or (B+D) or (A+C+B) or (A+B+D). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | False | Constructed | Annette is going on a trip to France. The currency used in France is the euro. When Annette planned for the trip, the exchange rate was 1 United States dollar = 1.40 euros. On the day Annette exchanges her money, she discovers that the exchange rate is now 1 United States dollar = 0.80 euros. Describe what effect this ... | 0 | 0 | ref-3 | The response provides (A) or (B) or (A+B). | partial | 0.5 | Not supported with pagination yet | |||||||||||
economics/grade12_2012.htm | Economics | 12 | naep | 2012 | Describe how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | how a change in the dollar-euro exchange rate will impact purchases of goods outside of the U.S. | False | Constructed | Annette is going on a trip to France. The currency used in France is the euro. When Annette planned for the trip, the exchange rate was 1 United States dollar = 1.40 euros. On the day Annette exchanges her money, she discovers that the exchange rate is now 1 United States dollar = 0.80 euros. Describe what effect this ... | 0 | 0 | ref-4 | No acceptable response. | incorrect | 0.0 | Not supported with pagination yet |
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