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U.S. Economy

What is the correct interpretation of GDP contribution and employment?

  • A large industry’s GDP contribution always means it employs the largest number of workers
  • A large industry’s GDP contribution proves it has the smallest workforce
  • A large industry’s GDP contribution means employment data are unnecessary
  • A large industry’s GDP contribution does not automatically mean it employs the largest number of workers
Correct answer(s):
  • A large industry's GDP contribution does not automatically mean it employs the largest number of workers
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U.S. Economy

Which option accurately explains Delaware’s real GDP?

  • Real GDP ignores price changes completely so output can be compared across years
  • Real GDP is a population count rather than an output measure so output can be compared across years
  • Real GDP measures only current market prices so output can be compared across years
  • Real GDP adjusts for changes in price levels so output can be compared across years
Correct answer(s):
  • Real GDP adjusts for changes in price levels so output can be compared across years
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U.S. Economy

Which fact best describes Delaware’s current-dollar GDP?

  • current-dollar GDP measures only land area
  • Current-dollar GDP measures output at prices from the period being measured
  • current-dollar GDP measures population rather than output
  • current-dollar GDP always removes all price changes
Correct answer(s):
  • Current-dollar GDP measures output at prices from the period being measured
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U.S. Economy

Which taxation statement is correct about Delaware’s gross receipts tax?

  • The poll tax is imposed on many Delaware businesses based on receipts rather than retail checkout sales tax
  • The tariff-only system is imposed on many Delaware businesses based on receipts rather than retail checkout sales tax
  • The gross receipts tax is imposed on many Delaware businesses based on receipts rather than retail checkout sales tax
  • The national value-added tax is imposed on many Delaware businesses based on receipts rather than retail checkout sales tax
Correct answer(s):
  • The gross receipts tax is imposed on many Delaware businesses based on receipts rather than retail checkout sales tax
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U.S. Economy

What is true about No conventional sales tax?

  • No conventional sales tax does not mean New Jersey has no business taxes
  • No conventional sales tax does not mean Maryland has no business taxes
  • No conventional sales tax does not mean Virginia has no business taxes
  • No conventional sales tax does not mean Delaware has no business taxes
Correct answer(s):
  • No conventional sales tax does not mean Delaware has no business taxes
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U.S. Economy

Which statement is correct about Delaware’s corporate-law system?

  • Virginia’s corporate-law system supports legal, financial and administrative service industries
  • New Jersey’s corporate-law system supports legal, financial and administrative service industries
  • Delaware’s corporate-law system supports legal, financial and administrative service industries
  • Maryland’s corporate-law system supports legal, financial and administrative service industries
Correct answer(s):
  • Delaware's corporate-law system supports legal, financial and administrative service industries
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U.S. Government & Civics

Which choice gives the correct context for the Delaware Court of Chancery?

  • Many corporate disputes in Delaware’s Supreme Court of Appeals are decided by judges rather than juries
  • Many corporate disputes in Delaware’s Criminal Circuit Court are decided by judges rather than juries
  • Many corporate disputes in Delaware’s Tax Court are decided by judges rather than juries
  • Many corporate disputes in Delaware’s Court of Chancery are decided by judges rather than juries
Correct answer(s):
  • Many corporate disputes in Delaware's Court of Chancery are decided by judges rather than juries
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U.S. Government & Civics

Why can predictable case law matter to companies and investors?

  • It guarantees that companies always win lawsuits
  • It can reduce legal uncertainty
  • It removes the need for contracts
  • It makes court outcomes completely random
Correct answer(s):
  • It can reduce legal uncertainty
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U.S. Government & Civics

What is the correct interpretation of legal incorporation in Delaware?

  • Legal incorporation in Delaware is different from physically locating a company’s headquarters in Delaware
  • Legal incorporation in Virginia is different from physically locating a company’s headquarters in Delaware
  • Legal incorporation in Maryland is different from physically locating a company’s headquarters in Delaware
  • Legal incorporation in New Jersey is different from physically locating a company’s headquarters in Delaware
Correct answer(s):
  • Legal incorporation in Delaware is different from physically locating a company's headquarters in Delaware
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U.S. Economy

Which option accurately explains Wilmington’s Northeast corridor location?

  • Newark’s proximity to Philadelphia and the Northeast corridor supports its financial and business role
  • Dover’s proximity to Philadelphia and the Northeast corridor supports its financial and business role
  • Rehoboth Beach’s proximity to Philadelphia and the Northeast corridor supports its financial and business role
  • Wilmington’s proximity to Philadelphia and the Northeast corridor supports its financial and business role
Correct answer(s):
  • Wilmington's proximity to Philadelphia and the Northeast corridor supports its financial and business role
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Geography of the United States

Which fact best describes Dover’s central position?

  • Dover’s central position helped make it a practical location for the state capital
  • Georgetown’s central position helped make it a practical location for the state capital
  • Wilmington’s central position helped make it a practical location for the state capital
  • Newark’s central position helped make it a practical location for the state capital
Correct answer(s):
  • Dover's central position helped make it a practical location for the state capital
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U.S. Economy

Which description of Delaware’s coastal tourism economy is accurate?

  • Kent County combines a major agricultural economy with a major coastal tourism economy
  • Sussex County combines a major agricultural economy with a major coastal tourism economy
  • New Castle County combines a major agricultural economy with a major coastal tourism economy
  • Bucks County combines a major agricultural economy with a major coastal tourism economy
Correct answer(s):
  • Sussex County combines a major agricultural economy with a major coastal tourism economy
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Geography of the United States

What is true about New Castle County’s population pattern?

  • Sussex County contains Delaware’s largest urban and suburban concentration
  • Baltimore County contains Delaware’s largest urban and suburban concentration
  • Kent County contains Delaware’s largest urban and suburban concentration
  • New Castle County contains Delaware’s largest urban and suburban concentration
Correct answer(s):
  • New Castle County contains Delaware's largest urban and suburban concentration
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U.S. Economy

Which statement is correct about population-growth pressures in Delaware?

  • Population growth has no possible effect on land development in a small state
  • Population growth eliminates demand for housing and transportation in a small state
  • Population growth can increase pressure on housing, transportation and land development in a small state
  • Population growth automatically reduces the need for roads and housing in a small state
Correct answer(s):
  • Population growth can increase pressure on housing, transportation and land development in a small state
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Geography of the United States

Which choice gives the correct context for Delaware’s population density?

  • Delaware’s small land area and growing population contribute to relatively high population density
  • Delaware’s small land area and growing population contribute to no measurable population density
  • Delaware’s small land area and growing population contribute to a density determined only by tourism
  • Delaware’s small land area and growing population contribute to one of the lowest population densities in the country
Correct answer(s):
  • Delaware's small land area and growing population contribute to relatively high population density
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U.S. Economy

Which statement best summarizes Delaware’s Piedmont region?

  • The Piedmont’s streams and elevation changes made wind-powered agriculture more available than in much of southern Delaware
  • The Piedmont’s streams and elevation changes made coal extraction more available than in much of southern Delaware
  • The Piedmont’s streams and elevation changes made desert irrigation more available than in much of southern Delaware
  • The Piedmont’s streams and elevation changes made waterpower more available than in much of southern Delaware
Correct answer(s):
  • The Piedmont's streams and elevation changes made waterpower more available than in much of southern Delaware
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U.S. Economy

What is the correct interpretation of flat Coastal Plain?

  • The flat Coastal Plain helped support large areas of farming in central and central Delaware
  • The flat Coastal Plain helped support large areas of farming in central and southern Delaware
  • The flat Coastal Plain helped support large areas of farming in central and western Delaware
  • The flat Coastal Plain helped support large areas of farming in central and northern Delaware
Correct answer(s):
  • The flat Coastal Plain helped support large areas of farming in central and southern Delaware
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U.S. Economy

Which option accurately explains water-powered industry in northern Delaware?

  • Northern Delaware’s streams supported early water-powered industry, linking physical geography with economic development
  • Northern Delaware’s streams supported early large-scale desert irrigation, linking physical geography with economic development
  • Northern Delaware’s streams supported early oil drilling, linking physical geography with economic development
  • Northern Delaware’s streams supported early open-pit mining, linking physical geography with economic development
Correct answer(s):
  • Northern Delaware's streams supported early water-powered industry, linking physical geography with economic development
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U.S. Economy

Which list best represents the range of industries in Delaware’s economy?

  • Government only, with almost no private-sector activity
  • Finance, healthcare, professional services, manufacturing, agriculture, tourism and government
  • Tourism and agriculture only, with no service industries
  • Mining, cattle ranching, logging and oil drilling only
Correct answer(s):
  • Finance, healthcare, professional services, manufacturing, agriculture, tourism and government
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U.S. States

Which description of Wilmington University is accurate?

  • Duke University is part of Delaware’s private higher-education sector
  • Wilmington University is part of Delaware’s private higher-education sector
  • Cornell University is part of Delaware’s private higher-education sector
  • Princeton University is part of Delaware’s private higher-education sector
Correct answer(s):
  • Wilmington University is part of Delaware's private higher-education sector
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