Grade 12 · Gov / Econ

Grade 12 Gov / Econ — Economics questions and answers

Supply, demand, inflation, and GDP. Written in American English for students, parents, and teachers in the United States.

Practice quiz

Question and answer list

Each item is a 4-option MCQ. Open a question, tap A–D. Green is correct, red is wrong. Original US classroom practice — not a state test copy.

1. Grade 12 social studies — economics: practice check 34 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

2. Grade 12 social studies — economics: practice check 35 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

3. Grade 12 social studies — economics: practice check 36 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

4. Grade 12 social studies — economics: practice check 37 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

5. Grade 12 social studies — economics: practice check 38 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

6. Grade 12 social studies — economics: practice check 39 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

7. Grade 12 social studies — economics: practice check 40 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

8. Grade 12 social studies — economics: practice check 41 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

9. Grade 12 social studies — economics: practice check 42 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

10. Grade 12 social studies — economics: practice check 43 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

11. Grade 12 social studies — economics: practice check 44 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

12. Grade 12 social studies — economics: practice check 45 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

13. Grade 12 social studies — economics: practice check 46 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

14. Grade 12 social studies — economics: practice check 47 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

15. Grade 12 social studies — economics: practice check 48 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

16. Grade 12 social studies — economics: practice check 49 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

17. Grade 12 social studies — economics: practice check 50 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

18. Grade 12 social studies — economics: practice check 51 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

19. Grade 12 social studies — economics: practice check 52 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

20. Grade 12 social studies — economics: practice check 53 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

21. Grade 12 social studies — economics: practice check 54 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

22. Grade 12 social studies — economics: practice check 55 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

23. Grade 12 social studies — economics: practice check 56 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

24. Grade 12 social studies — economics: practice check 57 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

25. Grade 12 social studies — economics: practice check 58 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

26. Grade 12 social studies — economics: practice check 59 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

27. Grade 12 social studies — economics: practice check 60 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

28. Grade 12 social studies — economics: practice check 61 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

29. Grade 12 social studies — economics: practice check 62 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

30. Grade 12 social studies — economics: practice check 63 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

31. Grade 12 social studies — economics: practice check 64 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

32. Grade 12 social studies — economics: practice check 65 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

33. Grade 12 social studies — economics: practice check 66 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

34. Grade 12 social studies — economics: practice check 67 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

35. Grade 12 social studies — economics: practice check 68 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

36. Grade 12 social studies — economics: practice check 69 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

37. Grade 12 social studies — economics: practice check 70 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

38. Grade 12 social studies — economics: practice check 71 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

39. Grade 12 social studies — economics: practice check 72 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

40. Grade 12 social studies — economics: practice check 73 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

41. Grade 12 social studies — economics: practice check 74 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

42. Grade 12 social studies — economics: practice check 75 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

43. Grade 12 social studies — economics: practice check 76 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

44. Grade 12 social studies — economics: practice check 77 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

45. Grade 12 social studies — economics: practice check 78 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

46. Grade 12 social studies — economics: practice check 79 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

47. Grade 12 social studies — economics: practice check 80 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

48. Grade 12 social studies — economics: practice check 81 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

49. Grade 12 social studies — economics: practice check 82 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

50. Grade 12 social studies — economics: practice check 83 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

51. Grade 12 social studies — economics: practice check 84 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

52. Grade 12 social studies — economics: practice check 85 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

53. Grade 12 social studies — economics: practice check 86 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

54. Grade 12 social studies — economics: practice check 87 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

55. Grade 12 social studies — economics: practice check 88 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

56. Grade 12 social studies — economics: practice check 89 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

57. Grade 12 social studies — economics: practice check 90 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

58. Grade 12 social studies — economics: practice check 91 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

59. Grade 12 social studies — economics: practice check 92 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

60. The law of demand says that, other things equal, a higher price means

Tap A, B, C or D.

Answer: A) a lower quantity demanded

The demand curve slopes down.

61. A shortage happens when

Tap A, B, C or D.

Answer: D) quantity demanded exceeds quantity supplied at that price

Price tends to rise toward equilibrium.

62. GDP measures

Tap A, B, C or D.

Answer: A) the market value of final goods and services produced in a country in a period

It is a standard size-of-economy number.

63. Inflation is

Tap A, B, C or D.

Answer: A) a general rise in prices

The CPI is a common US measure.

64. The Federal Reserve’s jobs include

Tap A, B, C or D.

Answer: D) influencing interest rates and the money supply

It is the US central bank.

65. Opportunity cost is

Tap A, B, C or D.

Answer: A) the next-best alternative you give up

Choosing AP Chem may cost a free period.

66. A market economy relies mainly on

Tap A, B, C or D.

Answer: A) prices and voluntary exchange

The US is a mixed economy with markets plus government.

67. Unemployment is the share of the

Tap A, B, C or D.

Answer: B) labor force that wants work and does not have a job

Discouraged workers can fall out of the labor force.

68. Grade 12 social studies — economics: practice check 1 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

69. Grade 12 social studies — economics: practice check 2 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

70. Grade 12 social studies — economics: practice check 3 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

71. Grade 12 social studies — economics: practice check 4 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

72. Grade 12 social studies — economics: practice check 5 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

73. Grade 12 social studies — economics: practice check 6 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

74. Grade 12 social studies — economics: practice check 7 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

75. Grade 12 social studies — economics: practice check 8 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

76. Grade 12 social studies — economics: practice check 9 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

77. Grade 12 social studies — economics: practice check 10 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

78. Grade 12 social studies — economics: practice check 11 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

79. Grade 12 social studies — economics: practice check 12 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

80. Grade 12 social studies — economics: practice check 13 — the reliable next step is

Tap A, B, C or D.

Answer: A) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

81. Grade 12 social studies — economics: practice check 14 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

82. Grade 12 social studies — economics: practice check 15 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

83. Grade 12 social studies — economics: practice check 16 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

84. Grade 12 social studies — economics: practice check 17 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

85. Grade 12 social studies — economics: practice check 18 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

86. Grade 12 social studies — economics: practice check 19 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

87. Grade 12 social studies — economics: practice check 20 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

88. Grade 12 social studies — economics: practice check 21 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

89. Grade 12 social studies — economics: practice check 22 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

90. Grade 12 social studies — economics: practice check 23 — the reliable next step is

Tap A, B, C or D.

Answer: C) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

91. Grade 12 social studies — economics: practice check 24 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

92. Grade 12 social studies — economics: practice check 25 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

93. Grade 12 social studies — economics: practice check 26 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

94. Grade 12 social studies — economics: practice check 27 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

95. Grade 12 social studies — economics: practice check 28 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

96. Grade 12 social studies — economics: practice check 29 — the reliable next step is

Tap A, B, C or D.

Answer: B) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

97. Grade 12 social studies — economics: practice check 30 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

98. Grade 12 social studies — economics: practice check 31 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

99. Grade 12 social studies — economics: practice check 32 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.

100. Grade 12 social studies — economics: practice check 33 — the reliable next step is

Tap A, B, C or D.

Answer: D) try the item, then read the tip

Original GKSchools practice — not a state exam leak. Come back tomorrow; order rotates.