Home > Civics > Quizzes > Civics: Government And The Economy
Civics: Government And The Economy
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 72% • Most missed: “Exchanging goods and services”
Civics: Government And The Economy
Time left 00:00
25 Questions

1. The total amount of money the government owes to lenders

2. A slowdown in economic activity and production

3. An amount of money borrowed for a certain time period

4. The amount in a year by which government spending is greater than government income

5. Budget that requires governments to spend no more than the tax revenues they receive

6. A general rise in the price level of goods and services

7. The total dollar value of all final goods and services produced within the country in a year

8. The total amount of money available for use as a medium of exchange

9. When the overall price level decreases

10. A tax that a person pays and has no choice but to pay directly

11. How our nation keeps track of our overall income and spending

12. Regulation of the money supply by the Federal Reserve System

13. Principle that requires banks to keep a percentage of checking and savings deposits in reserve

14. Tax that takes a higher percentage of taxes from a person with a higher income than it does from a person with a lower income

15. Means that every person who wants to work should have a job

16. A group of several companies organized to benefit from the high prices they all agree to charge

17. A single business with monopoly power

18. The coins and paper bills used as money in an economy

19. Tax that requires each taxpayer to pay the same proportion - or percentage - of their income in taxes

20. Programs that provide benefits to people who are entitled by law to receive them

21. System that provides important services to United States banks and regulates their activities

22. The money in a checking account

23. The freedom to own property - to make a profit - and to make choices about what to produce - buy - and sell

24. Occurs when government spends less than it receives in tax revenues

25. Taxes that take a larger percentage of tax from the income of a person with a lower income than from a person with a higher income

⚡ Recently practiced quizzes in this topic
Live quiz activity
Government Intro (Crash Course) US Government - A Crash Course Civics: Economics Canadian Citizenship Test Questions Digital Citizenship Labour Laws in India Quiz Structure of the Court System (Crash Course) Governments Across The World Women's Rights Quiz Human Rights Quiz
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.