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Ninth Grade (Grade 9) Economics Questions

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Grade 9 Economics
The Federal Reserve's                  makes(s) the key decisions about banking.
  1. board of governors
  2. district banks
  3. branch banks
  4. member banks
Grade 9 Economics
All are types of economic systems except?
  1. Command Economy
  2. Market Economy
  3. Planned Economy
  4. Traditional Economy
Grade 9 Economics
What is a bond coupon?
Grade 9 Economics
One reason the Knights of Labor broke up was that it                                              .
  1. would not allow women to join
  2. had too many members
  3. fought with the National Labor Union
  4. tried to united skilled and unskilled workers
Grade 9 Economics
Speaker #1: "Consumerism is problematic for me. It makes us feel like we never have enough and encourages endless consumption which is harmful to our environment and our psychological well being. The media has constructed an image of 'happiness' which includes us owning lots of nice things and having lots of experiences that cost money, but really we can be happy with very little. My great-grandmother only had two dresses one for at home and one for church - shared a room with her 3 sisters and only had one toy growing up, yet she was a happy, kind and fulfilled woman."

Speaker #2: "Consumerism validates our freedom of choice. We can select goods and services which reflect our values and serve to help society."

Speaker #3: "Consumerism is an endless cycle. I need to work 50 hours a week just to be able to afford to live, but I know I end up spending a lot of money on items that make my life easier like a cleaning service and take-out meals simply because I don't have time to cook and clean because I work so much! I don't think I will ever be able to get ahead."

Speaker #4: "I have been lucky because despite recent world economic problems, I have not been greatly affected with debt or employment problems. I still felt a bit guilty about going out to a nice restaurant for a meal every week, or buying new shoes simply because I liked the style when so many others are worried about keeping a roof over their head and keeping food on the table. I considered cutting back my spending and focusing on my 'needs' and not my 'wants' but then I realized that could actually hurt not only my quality of life, but that of others as well."

Which of the following is not one of the choices that Speaker #2 is talking about that shows a way in which consumer's choices can have a positive impact on the environment and our quality of life?
  1. Buying foods packaged in bulk to reduce packaging.
  2. Selecting locally grown, in season foods.
  3. Taking advantage of sales and coupons.
  4. Choosing 'green' products that are non-toxic.
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