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Continuing Education Social Studies Questions

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Continuing Education Economics
The law of demand says
  1. the higher the price, the more consumers will buy
  2. the lower the price, the less consumers will buy
  3. the lower the price, the more consumers will buy
  4. the lower the price, the more consumers will substitute
Continuing Education US History
Continuing Education Economics
Total revenue is defined as
  1. the amount of profit a company makes
  2. the amount of profit a company makes after paying taxes
  3. the amount of money a company makes by selling its goods
  4. the amount of money affected by price elasticity
Continuing Education Economics
What do economist call a situation in which consumers buy a different quantity than they did before, at every price?
  1. a change in demand
  2. a change in expectations
  3. a shift size of the demand curve
  4. a move along the demand curve
Continuing Education Democratic Foundations
Continuing Education Economics
If prices rise and income stays the same, what is the effect on demand?
  1. more is bought of some goods and less of others.
  2. fewer goods are bought.
  3. more goods are bought.
  4. demand stays the same.
Continuing Education US Government
Continuing Education Economics
All of the following are trade-offs for a student who spends a semester studying abroad EXCEPT
  1. eating all of their favorite foods.
  2. seeing friends from home daily.
  3. experiencing the culture of another country.
  4. missing family activities at home.
Continuing Education Colonial Period
Why did the colonists fight the British?
  1. because of high taxes (taxation without representation)
  2. because they didn't have self-government
  3. All of the above
Continuing Education Economics
What does it mean when an economist says that a consumer has demand for a good or service?
  1. the consumer is able to afford the good or service, but may be unwilling to buy it.
  2. the consumer wants the good or service but may not actually have the money for it.
  3. the consumer is able to buy the good or service but not at the price demanded.
  4. the consumer is willing and able to buy the good or service at the specified price.
Continuing Education Economics
A measure of how consumers react to a change in price is
  1. total revenue
  2. inelastic
  3. elastic
  4. elasticity of demand
Continuing Education US Government
Continuing Education Colonial Period
Continuing Education US Government
Continuing Education The Presidents
Continuing Education Economics
Which of the following is an example of a good with inelastic demand?
  1. life-saving medicine
  2. television sets
  3. computers
  4. a particular brand of chewing gum
Continuing Education Colonial Period
What is one reason colonists came to America?
  1. to have a cup of coffee
  2. escape religious persecution
  3. to make new friends
Continuing Education US History
Hitler was French.
  1. True
  2. False
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