ACTUAL Exam Questions and CORRECT
Answers
Japan is to the west of the International Date Line. Based on this information, in what
hemisphere is Japan located? - CORRECT ANSWER - Eastern Hemisphere
What is the main strategy used by the Federal Reserve System to address periods of slow
economic activity in the United States? - CORRECT ANSWER - Lower the interest rate
charged to U.S. banks
What does lowering the interest rate charged to U.S banks do? - CORRECT ANSWER -
Make borrowing less expensive. The expectation is that with more money available, people will
invest more and create jobs, and thereby jump-start the economy
Why do Africa and the American colonies export primary resources to England, while England
exports secondary resources to them? - CORRECT ANSWER - England is more
developed with greater industrial capabilities than African and American regions.
Primary Economic Activities - CORRECT ANSWER - directly use natural resources by
such activities as farming, mining, logging, etc.
Secondary Economic Activities - CORRECT ANSWER - take primary goods and change
or manufacture them in some way. (ex:canning food)
Tertiary Economic Activities - CORRECT ANSWER - aka the service Industry (ex: a
grocery store)
Quaternary Economic Activities - CORRECT ANSWER - Specialized knowledge or
technical skills, refers to "collection, processing, and manipulation of information and capital"
(ex: finance, administration, insurance, legal services, computer services, etc)
, Quinary Economic Activities - CORRECT ANSWER - activities that facilitate complex
decision making and the advancement of human capacities (ex: scientific research, high-level
management, etc)
What might be the benefit of devaluing the currency of an industrialized country? - CORRECT
ANSWER - Exports will increase and the economy will improve
What happens when the value of a currency is low? - CORRECT ANSWER - the
purchasing power of customers (countries) will increase. This generally results in higher exports,
which in turn can improve the domestic economy. However, the import of goods from other
countries will become more expensive
Agrarian - CORRECT ANSWER - farming society (agriculture based)
The implementation of the Truman Doctrine (1947) got the United States involved in which of
the following conflicts? - CORRECT ANSWER - Korea and Vietnam
Which civil rights group challenged the laws of segregation with the Brown v. Board of
Education of Topeka Supreme Court case? - CORRECT ANSWER - The National
Association for the Advancement of Colored People
The Fourteenth Amendment declared that all persons born in the U.S. were citizens and that all
citizens were entitled to equal rights, and that their rights were protected by due process. A group
of people living in the U.S. was not included. Which group was excluded from the equal rights
provisions? - CORRECT ANSWER - Native Americans
In contrast to the judges of the federal judicial branch, judges in Texas are - CORRECT
ANSWER - elected by popular vote
How long are federal judges elected for? - CORRECT ANSWER - Life