Please answer this as quickly as possible! Question 1(Multiple Choice Worth 3 points)
(06.03 MC)

Which of the following would you expect to find in a mixed-market economy?

Large corporations run by the government
A king who has unlimited power to regulate production
Corporations that are not subject to any government regulation
A government minimum wage and privately owned business
Question 2(Multiple Choice Worth 3 points)
(06.07 MC)

Why might the economy be worse if financial institutions like credit card companies did not exist?

People would be more able to borrow more money.
People would likely buy fewer goods and services.
People would have to pay fewer interest payments.
People would not be able to save any of their income.
Question 3(Multiple Choice Worth 3 points)
(06.04 MC)

A "bank run" takes place when a large number of people withdraw their money at once. How might the Federal Reserve support a bank to ensure that all of the depositors would get their money back if there were a bank run?

By directly paying back the depositors
By raising the prime interest rate
By lending money to the bank
By issuing government bonds
Question 4(Multiple Choice Worth 3 points)
(06.04 MC)

The Federal Reserve has a number of ways to influence the supply of money. The Federal Reserve can influence the interest rate that people pay on their loans, regardless of what bank they are using. How might the Fed adjust the interest rate if it wanted to increase the amount of money in circulation?

Decrease the interest rate. People would be less likely to take out loans.
Increase the interest rate. People would be more likely to take out loans.
Increase the interest rate. People would be less likely to take out loans.
Decrease the interest rate. People would be more likely to take out loans.
Question 5(Multiple Choice Worth 3 points)
(06.02 LC)

Which New York City-based entrepreneur created a line of hats that eventually became a successful clothing company?

Joseph Unanue
Vera Wang
Blake Mycoskie
Daymond John
Question 6(Multiple Choice Worth 3 points)
(06.07 MC)

Pedro is thinking about buying U. S. savings bonds. Which statement describes a reason he may decide to purchase the bonds?

The U. S. stock market is adjusting to new federal regulations.
A new company offers shares of its stock for sale for the first time.
The Federal Reserve increases the interest rates for savings bonds.
An account at a bank offers an interest rate that is higher than savings bonds.
Question 7(Multiple Choice Worth 3 points)
(06.07 MC)

Why might it be better to save up some money and buy something later than to buy it on credit now?

You may get protection for cash purchases that are lost, damaged, or stolen.
Buying anything on credit will damage your credit rating.
Paying for things on credit will hurt the economy, by taking money out of circulation.
Paying off credit debt can extend many years, long after the item purchased was useful.
Question 8(Multiple Choice Worth 3 points)
(06.05 MC)

In the United States, people pay taxes so government can provide services to the people. What is one benefit of the government providing services instead of allowing the free market and private businesses to do so?

Government can provide services that would not be practical for private businesses to provide, such as a national military.
Government is generally more efficient at providing goods and services than private businesses.
Businesses should not provide services because a free market would be more efficient.
Businesses make better decisions than government about what services are in the best interest of society as a whole.
Question 9(Multiple Choice Worth 3 points)
(06.01 LC)

What term refers to the total amount of a good or service that people are willing to purchase?

Demand
Opportunity cost
Supply
Scarcity
Question 10(Multiple Choice Worth 3 points)
(06.04 MC)

Which best describes one of the ways in which the Federal Reserve has an impact on the national economy?

The Federal Reserve helps the economy by keeping inflation low in times of economic growth.
The Federal Reserve keeps interest rates low, discouraging loans, to prevent the economy from growing too fast.
The Federal Reserve issues securities, which takes money out of circulation, slowing economic growth.
The Federal Reserve collects income taxes, which hurts the national economy by taking money out of circulation.