Re: Interesting US civics test
 

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Great- thanks for making me feel stupider than average.
73.33%

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No. Look at the big picture: You are only stupider than average for the month of September.

Re: Interesting US civics test
 

65% correct.

Re: Interesting US civics test
 

39%

ship it

Re: Interesting US civics test
 

You answered 46 out of 60 correctly — 76.67 %

Re: Interesting US civics test
 

You answered 49 out of 60 correctly — 81.67 %.

Do I win the prize for top Canadian score?

Re: Interesting US civics test
 

60/60 holla

Re: Interesting US civics test
 

72%. Alarmingly, for a non-american, and as someone who studied philosophy until last year, I got a lot more American history questions right than philosophy questions.

Re: Interesting US civics test
 

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You answered 47 out of 60 correctly — 78.33 %

I have a B.A. in economics, that's definitely what a public good is.

BUT... question 58, a fellow econ grad needs to help me out.

What is a major effect of a purchase of bonds by the Federal Reserve?
A. A reduction in the supply of common stock.
B. An increase in the volume of commercial bank loans.
C. A decrease in the supply of money.
D. An increase in interest rates.
E. A decrease in investment spending by businesses.

Purchase of bonds by Fed = increase in money supply = increase in interest rates, no? So I thought D.

Furthermore, B C & E all seem consistent with a LOWER interest rate. Yet the answer is B? I'm so confused!

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Someone already answered about C being wrong because the money supply increases. I believe E is wrong because the "interest rate" being discussed is that offered by banks in the form of loans. Which means it would be easier for corporations to loan money and invest it in projects that would return a higher rate.

Re: Interesting US civics test
 

[ QUOTE ]
[ QUOTE ]
You answered 47 out of 60 correctly — 78.33 %

I have a B.A. in economics, that's definitely what a public good is.

BUT... question 58, a fellow econ grad needs to help me out.

What is a major effect of a purchase of bonds by the Federal Reserve?
A. A reduction in the supply of common stock.
B. An increase in the volume of commercial bank loans.
C. A decrease in the supply of money.
D. An increase in interest rates.
E. A decrease in investment spending by businesses.

Purchase of bonds by Fed = increase in money supply = increase in interest rates, no? So I thought D.

Furthermore, B C & E all seem consistent with a LOWER interest rate. Yet the answer is B? I'm so confused!

[/ QUOTE ]

Someone already answered about C being wrong because the money supply increases. I believe E is wrong because the "interest rate" being discussed is that offered by banks in the form of loans. Which means it would be easier for corporations to loan money and invest it in projects that would return a higher rate.

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Govt purchasing bonds pushes up the price of the bonds, which lowers the interest rate on said bonds. Lowered interest rate on risk free bonds translates to lowered commercial rates translates to increased borrowing by businesses.

I'm not an econ grad but I did get 5's on both the micro and macro AP econ exams when I took them in 1993.

And I got a 71% on this stupid thing. [img]/images/graemlins/crazy.gif[/img]

Re: Interesting US civics test
 

You answered 31 out of 60 correctly — 51.67 %
Average score for this quiz during September: 74.2%
Average score since September 18, 2007: 74.2%

History was OK to me but the economics/philosophy was hard but I never really studied any of it and I have been out of school for awhile.

14) During which period was the American Constitution amended to guarantee women the right to vote?
( ) A. 1850-1875
( ) B. 1876-1900
( ) C. 1901-1925
( ) D. 1926-1950
(x) E. Women can vote?