JA Economics™

Pre-/Post-Test

Student Information

1.What are the first three letters of your last name?

2.When were you born?

/

1

/

9

Month

/

Day

/

Year

  1. What grade are you in? (Please check only one)9th10th11th12thOther: _____
  1. NOT including this session, how many times have you participated in JA? (Please check only one)

 This is my first time.  1 2 3 4 5 or more

Knowledge Questions (Please circle the correct answer.)

1. The term opportunity cost is best described as something that

a.A company receives when services are bought.

b.A company receives when good are purchased.

c.A person gives up when a choice is made.

d.A person gets as a result of working for a company.

  1. Which of these best describes the economic system practiced throughout most of the history of the United States?

a.Fascism

b.Socialism

c.Capitalism

d.Communism

  1. In economics, the term supply refers to ______.

a.The quantity of a good or service a producer must sell to earn a profit.

b.The quantity of a product that people want to buy.

c.The quantity of an item offered for sale at a particular price.

d.The quantities of a good or service a producer is willing and able to sell at different possible prices.

  1. During one month, the price of a product rose 20%. This most likely occurred because of an increase in______.

a.Producer outputs.

b.Consumer demand.

c.Short-term supply.

d.Worker efficiency.

  1. Which of these statements about interest rates istrue?

a.Low interest rates generally provide an incentive for people to save money.

b.High interest rates generally provide an incentive for people to borrow money.

c.Interest rates are rarely subject to the fundamental laws of supply and demand.

d.Interest rates compensate lenders for postponing consumption of the money loaned.

  1. When government spending exceeds government revenues, the most immediate result is______.

a.A federal budget deficit.

b.A federal budget surplus.

c.A decrease in income tax rates.

d.An increase in unemployment rates.

  1. Which of the following institutions is responsible for controlling the money supply in the United States?

a.The Federal Reserve.

b.The Department of Treasury.

c.The New York Stock Exchange.

d.The National Association of Securities Dealers.

  1. Imports are best described as goods that have been ______.

a.Developed in other cities.

b.Sold to foreign businesses.

c.Purchased from other nations.

d.Supplied by government programs.

  1. Economic growth in a country ______.

a.Is measured by an increase in GDP.

b.Means more goods and services for citizens.

c.May result in environmental problems.

d.All of the above.

Post-Test Only

Are these sentences true for you?
Please check the box under the answer that applies to you. / Yes / No / I don’t know
A. / Junior Achievement made school more interesting. /  /  / 
B. / Junior Achievement made me aware of career options. /  /  / 
C. / Junior Achievement was fun. /  /  / 
D. / Junior Achievement provided a challenge. /  /  / 
E. / Junior Achievement connected what I learned in the classroom with real life. /  /  / 
F. / Junior Achievement helped me prepare for the future. /  /  / 
G. / Junior Achievement taught me how to manage my money. /  /  / 
H. / Junior Achievement made me realize the importance of staying in school. /  /  / 

Would you recommend this program to a friend?YesNo

List two things you learned from the programthat you think are important:

1.

2.

©2008 JA Worldwide®, HS103 JA Economics Pre-/Post-Test Blackline Master