14. The economic freedoms we have in the U.S. do not include a. the freedom to earn profits. Lesson 5 Examination Please read these instructions before you begin to answer the questions that follow. b. the freedom of workers to compete for jobs. This paper exam is here for your convenience. Your final answers must be submitted through our c. the freedom to own property. app. You may complete the exam direct on file provided in the app or upload a copy of this d. the freedom to eliminate competition. handwritten effort. When you are satisfied that your answers are correct, use the app to download a file for this lesson, complete and submit to your teacher for grading. Only answers included on the 15. In a command economy, the capital and means of production are owned by a. stockholders submitted file will be considered for grading. b. the government. True or False. Mark each of the following statements either True (T) or False (F). (2 points c. labor unions. d. the military. each) 1 . The more there is of an item, the higher the price is of that item. 16. Profits paid by a corporation to its stockholders are called A bull market is usually a good sign that the real GDP will grow. a. dividends. 3. When GDP is calculated, it includes all the goods and services that go bonds . into making a product. c. stock certificates. 4. The two things that are needed for economic growth are resources and d. trusts. money. 5. Thomas Paine wrote A Wealth of Nations, which argued for self-interest in the economy. 17 . The four factors of production do NOT include which of the following? a. 6. Most the goods and services in the United States come from foreign countries. b. capital 7. When Americans place their money in savings accounts, bonds, stocks, and other forms of savings, the money used in these is utilized to help expand the c. management nation's economy. consumers 8. Worker's compensation pays you if you lose your job. 18. The type of good first built in the U.S. using mass production was 9 . Those who own stocks in a company are called stockholders. a. cars. 10. The Securities Exchange Commission, is an organization that ensures that all guns. offerings of stocks and bonds of the nation's stock exchanges are honest. c. trains. 11. Franklin D. Roosevelt's New Deal laws were considered by many d. computers. conservative critics to be socialistic and radical. 12. To open a money market, you need to deposit a significant amount of money. is the insurance program that helps older citizens and the disabled receive health care coverage. 13. Millions of shares of stock are bought and sold every working day at the stock a. Medicaid exchange. b. Unemployment c. Workers Compensation d. Medicare Multiple Choice. Choose the BEST answer from the choices listed below the question. (1 point each) 20. Which of the following are ways to be a successful consumer? a. comparison shop