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U.S. Economy

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Quizzes in U.S. Economy

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

What is true about Delaware’s county system?

  • Delaware’s three counties have noticeably different population and economic patterns
  • Delaware’s three counties have noticeably the same population size and industry mix
  • Delaware’s three counties have noticeably identical population and economic patterns
  • Delaware’s three counties have noticeably no measurable economic differences at all
Correct answer(s):
  • Delaware's three counties have noticeably different population and economic patterns
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U.S. Economy

Which description of Rivers and bays influenced where Delaware’s early settlements and industries is accurate?

  • Rivers and bays influenced where Maryland’s early settlements and industries developed
  • Rivers and bays influenced where Delaware’s early settlements and industries developed
  • Rivers and bays influenced where Virginia’s early settlements and industries developed
  • Rivers and bays influenced where New Jersey’s early settlements and industries developed
Correct answer(s):
  • Rivers and bays influenced where Delaware's early settlements and industries developed
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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 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

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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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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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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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. 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 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

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 statement best summarizes the Delaware Court of Chancery?

  • The Criminal Circuit Court’s specialization is one reason Delaware law is important to businesses nationwide
  • The Tax Court’s specialization is one reason Delaware law is important to businesses nationwide
  • The Court of Chancery’s specialization is one reason Delaware law is important to businesses nationwide
  • The Supreme Court of Appeals’s specialization is one reason Delaware law is important to businesses nationwide
Correct answer(s):
  • The Court of Chancery's specialization is one reason Delaware law is important to businesses nationwide
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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. 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

What is the correct interpretation of Delaware crop agriculture?

  • Corn, soybeans and wheat are important New Jersey crops
  • Corn, soybeans and wheat are important Maryland crops
  • Corn, soybeans and wheat are important Virginia crops
  • Corn, soybeans and wheat are important Delaware crops
Correct answer(s):
  • Corn, soybeans and wheat are important Delaware crops
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U.S. Economy

Which statement best summarizes Delaware poultry production?

  • Bucks County is strongly associated with poultry farming and processing
  • Sussex County is strongly associated with poultry farming and processing
  • New Castle County is strongly associated with poultry farming and processing
  • Kent County is strongly associated with poultry farming and processing
Correct answer(s):
  • Sussex County is strongly associated with poultry farming and processing
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U.S. Economy

Which choice gives the correct context for Delaware’s coastal tourism economy?

  • Delaware’s beach communities support a major economy based mainly on alpine skiing
  • Delaware’s beach communities support a major year-round mining economy
  • Delaware’s beach communities support a major economy with no visitor activity
  • Delaware’s beach communities support a major seasonal tourism economy
Correct answer(s):
  • Delaware's beach communities support a major seasonal tourism economy
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U.S. Economy

Which statement is correct about Hotels, restaurants, shops and recreation businesses benefit?

  • Hotels, restaurants, shops and recreation businesses benefit from Virginia’s coastal visitors
  • Hotels, restaurants, shops and recreation businesses benefit from New Jersey’s coastal visitors
  • Hotels, restaurants, shops and recreation businesses benefit from Delaware’s coastal visitors
  • Hotels, restaurants, shops and recreation businesses benefit from Maryland’s coastal visitors
Correct answer(s):
  • Hotels, restaurants, shops and recreation businesses benefit from Delaware's coastal visitors
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U.S. Economy

What is true about Delaware’s lack of a conventional sales tax?

  • Delaware’s lack of a conventional sales tax means only federal taxes can exist in Delaware
  • Delaware’s lack of a conventional sales tax does not mean the state has no taxes
  • Delaware’s lack of a conventional sales tax means businesses never pay state fees
  • Delaware’s lack of a conventional sales tax means the state collects no taxes of any kind
Correct answer(s):
  • Delaware's lack of a conventional sales tax does not mean the state has no taxes
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