NAEP - Economics 2006: Test Yourself

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Test Yourself: Grade 12

The following questions were included in the 2006 Economics assessment at grade 12. As in the actual assessment, some of the questions are multiple choice, and others are constructed response. Although students are asked to handwrite their responses, you can type yours in the space provided.

INSTRUCTIONS: Answer the questions below, then click submit at the bottom of the page.

Question 1: Which of the following is a policy tool of the Federal Reserve?

	A.	Raising or lowering income taxes
	B.	Increasing or decreasing unemployment benefits
	C.	Buying or selling government securities
	D.	Increasing or decreasing government spending

Question 2: Describe two economic factors that help explain why one country may produce more goods and services per capita than another country does.

Question 3: Two countries are currently trading with each other. The countries agree to remove all trade restrictions on products traded between them. Which of the following is most likely to decrease?

	A.	The variety of goods available
	B.	The prices of imported goods
	C.	The quality of goods available
	D.	The amount of imported goods

Question 4: Which of the following has been most important in reducing poverty over time?

	A.	Taxes
	B.	Economic growth
	C.	International trade
	D.	Government regulations

Question 5: What happens to most of the money deposited in checking accounts at a
commercial bank?

	A.	It is used to pay the bank’s expenses.
	B.	It is loaned to other bank customers.
	C.	It is kept in the bank’s vault until depositors withdraw the funds.
	D.	It is paid to owners of the bank as return on their investment.

Click here to submit your responses.

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National Assessment of Educational Progress, National Center for Education Statistics
National Assessment Governing Board
Institute of Education Sciences, U.S. Department of Education