Practice Quiz

Praxis II: Economics Content Knowledge Exam Prep - Question List

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51. When government spending (G) goes up, does the aggregate demand curve (AD) shift? If so, which way?
  1. No
  2. Yes. The curve shifts to the left.
  3. Yes. The curve shifts to the right.
  4. It is impossible to tell given the information.
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52. What is the correct term for the ease with which an asset-typically money-can be converted into spending?
  1. Monetary policy
  2. Marginal propensity to consume
  3. Broad money
  4. Liquidity
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53. Human capital consists of workers’ skills and education. True or false?
  1. True
  2. False
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54. Which of the following reduces imports by restricting the quantity of one particular good that can be imported from another country?
  1. Import quota
  2. Embargo
  3. Tariff
  4. Export quota
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55. Although demand changes with a change in price, there are also five general changes that will also lead to a change in demand for people-regardless of whether or not the price changes. Which of the following is one of these changes?
  1. Change in the price of other products
  2. Change in level of income
  3. Change in individual tastes
  4. All of the above
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