Please answer the following questions based on your current understanding of the concepts that will be taught in this learning experience. The results of this survey are confidential and will only be used to compute knowledge gain scores for students participating in this learning experience.

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1. Please indicate the JA Area you are served by: (Required.)

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2. What are the first three letters of your FIRST NAME? (Required.)

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3. What are the first three letters of your LAST NAME? (Required.)

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4. In what MONTH were you born? (Required.)

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5. On what DAY of the month were you born? (Required.)

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6. What is the name of your teacher, volunteer, or instructor? (Required.)

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7. Please indicate your level of agreement with the following statements. (Required.)

  Strongly disagree Mainly disagree Somewhat disagree Somewhat agree Mainly agree Strongly agree
I have hope in my financial future.
I have confidence that I can succeed in my future workplace.
I am motivated to pursue my educational and/or career interests.
I can see how education will help me be successful in the future.
I know how to set personal financial goals for myself.
I know how to explore potential careers.

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8. A simple definition of economics is that it is the science of _____. (Required.)

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9. How can entrepreneurs best make sound decisions about how to grow their businesses? (Required.)

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10. If there are not enough goods, services, and resources available for everyone to have everything they need or want, it is called ________. (Required.)

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11. The term opportunity cost is best described as something that _____. (Required.)

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12. What is the main reason why people make voluntary exchanges of goods and services in a free market? (Required.)

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13. Which list of goods includes only needs and no wants? (Required.)

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14. You spend $50 on supplies to open a car wash and sell washes for $10. What is the term for the $10 you receive for the sixth car wash? (Required.)

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15. Iron ore, timber, tuna, and crude oil are examples of what type of productive resources? (Required.)

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16. Which effect is caused by new businesses supplying new goods and services to the market? (Required.)

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17. What method of decision making for a consumer would an economist argue is most effective? (Required.)

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18. When setting up a budget, the first step is __________. (Required.)

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19. When you consider the extra costs or benefits of a decision you make, what type of thinking are you applying to your decision? (Required.)

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20. In Shawn's lawn mowing business, the money he spends each week on the lawn mower, weed eater, and leaf blower would be considered which factor of production? (Required.)

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21. When a business has no more competition, __________. (Required.)

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22. When a business decides to focus its efforts on producing only a few goods, the business is __________. (Required.)

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23. Which word describes an entrepreneur? (Required.)

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24. A business that continues to find ways to improve their products while lowering costs will limit the effects of which stage in its life cycle? (Required.)

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25. An economist would probably state that in a market economy, prices are generally determined by the interaction between __________. (Required.)

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26. Demand is best defined as the measure of how much consumers are able and willing to buy __________. (Required.)

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27. In economics, the term supply refers to _____. (Required.)

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28. What is an example of the rule of law in economics? (Required.)

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29. What is a benefit of competition? (Required.)

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30. What is most likely to improve a company's overall productivity? (Required.)

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31. The United States economy is best described as ______. (Required.)

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32. Which statement identifies a role of a limited government? (Required.)

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33. Select the term that reflects a negative impact of fiscal policy tools. (Required.)

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34. Which action represents one of the tools of monetary policy for the U.S. government? (Required.)

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35. Which phrase best describes the structure of the U.S. Federal Reserve Banking system? (Required.)

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36. What is one consequence of inflation? (Required.)

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37. What is the best definition of GDP? (Required.)

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38. Which fiscal and monetary policies can the government use to address a recession? (Required.)

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39. Which statement expresses economic reasoning in considering a closed versus an open economy? (Required.)

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40. Which statement expresses economic reasoning in considering trade barriers versus free trade? (Required.)

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41. What is an effect of globalization for most countries in the world economy? (Required.)

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42. Which objective approach to studying behavior and decision making focuses on observable facts, which can be tested, tracked, and repeated? (Required.)

Thank you for participating in this survey!

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