AN ESL QUIZ Economics As A Second Language. 1. What is the world’s population? a.1 billion b.3...
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Transcript of AN ESL QUIZ Economics As A Second Language. 1. What is the world’s population? a.1 billion b.3...
AN ESL QUIZ• Economics As A Second Language
1. What is the world’s population?
a. 1 billion
b. 3 billion
c. 6 billion
d. 9 billion
ECONOMICS AS A SECOND LANGUAGE
2. WHAT IS THE CURRENT POPULATION OF THE UNITED STATES?
A. 250M
B. 300M
C. 350M
D. 400M
3. What percentage of the U.S. population lives in poverty?
a. . 8%
b. 12%
c. 16 %
d. Poverty is a myth
4. WHAT IS THE CURRENT UNEMPLOYMENT RATE?
A. About 3.5%
B. About 5.5 %
C. About 7.5%D. EVERYONE WHO WANTS A JOB HAS
ONE
5. WHAT IS THE CURRENT INFLATION RATE?
A. 3%
B. 5%
C. 8%
D. I DON’T KNOW WHAT INFLATION IS
6. WHAT TYPE OF ECONOMIC SYSTEM DOES THE U.S. HAVE?
7. NAME A FAMOUS ECONOMIST. DEAD OR ALIVE.
8. The majority of businesses in America employ: a. 0-4 employees
b. 20-50 employeesc. 100- 150 employeesd. Over 200 employees
9. WHICH COUNTRY IS THE #1 IMPORTER IN THE WORLD?
10. WHICH COUNTRY IS THE #1 EXPORTER IN THE WORLD?
11. WHERE IN THE WORLD IS WALL ST?
12. WHAT WAS THE FIRST TOY ADVERTISED ON T.V.?
A. MR. POTATO HEAD
B. SLINKY
C. HULA HOOP
D. G.I. JOE
13. IN THE FINANCIAL WORLD, WHAT DOES IPO STAND FOR?
TRUE OR FALSE
14. THE MORE USEFUL A GOOD, THE HIGHER ITS PRICE.
15. MONEY IS OUR MOST IMPORTANT ECONOMIC RESOURCE.
16. Name the #1 oil producing nation in the world.
17. In 2006, the average weekly income for an adult with less than a high school education was:
a. $419 b. $619 c. $819
18. In 2006, on average, how much more did college graduates earn over those with a high school diploma only?
a. 30% b. 50% c. 70%19. What is the current size of our national debt?
a. 950 billion b. 3.5 trillion c. 9.5 trillion d. 15.5 trillion
20. Last year, what percent of U.S. consumed oil came from Persian Gulf countries?
a. Less than 15 percent
b. 16 to 30 percent
c. 31 to 45 percent
d. 46 to 60 percent
ANSWERS
1. ABOUT 6 billion (c) population
2. About 300 million (b)
3. B about 12%
4. A, about 4.5%
5. A about 3%
Economic system6. CAPITALISM MARKET SYSTEM FREE ENTERPRISE Name an economist
7. ADAM SMITH KARL AND GROUCHO MARX JOHN NASH JOHN KEYNES AL GREENSPAN Ben Bernanke Arnold Schwe (you know who I mean) Mick Jagger David Ricardo Ricky Ricardo
8. a. 0-4 employees (59%)
Import/export
9. THE U.S. , #1 Importer
10. Germany, #1 Exporter.
11. NEW YORK CITY (wall st)
12. MR. POTATO HEAD
13. INITIAL PUBLIC OFFERING GOOGLE WAS INITIALLY OFFERED
AT $80 OR SO IT IS CURRENTLY ….. HIGHER
14. FALSE
15. FALSE
16. Saudi Arabia
17.A. $419
18.C. 70%
bls.gov
19. 9.5 trillion
That’s $9,500,000,000,000
National Debt Clock
20. A less than 15%