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Gov/Econ Unit Two Review Flashcards | StudBud
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Gov/Econ Unit Two Review
Gov/Econ Unit Two Review
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Flashcards
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Questions
15
Answers
1
Which of the following goods would have
inelastic demand
?
oregano
Honda Civics
gasoline
paper clips
2
The driving force behind all economic systems is
scarcity
opportunity cost
money
resources
3
A government grant of money given to encourage production is known as a(n)
rider
quota
subsidy
tariff
4
Which of the following is NOT TRUE of the Senate?
Senators have no term limits.
The Vice President of the US is President of the Senate.
The Senate alone has the power to declare war.
Senators have no time limit when speaking.
5
Which of the following IS NOT considered a
resource
?
capital
labor
land
profit
6
The Senate consists of ____ members and the House has ____.
100, 385
50, 472
100, 435
200, 310
7
The Law of Supply states that, when price changes, quant. supp. changes in the ____ direction.
same
diagonal
opposite
one
8
Manipulating the boundaries of a congressional district is known as
gerrymandering
electioneering
redistricting
filibustering
9
Which of the following is NOT TRUE of the House of Representatives?
each state gets at least two representatives
the members of the House elect a Speaker
the House can impeach the President
House members serve terms of two years
10
Representatives must be ____ years old and a citizen for ____ years.
25, 9
30, 9
25, 7
35, 7
11
Senators must be ____ years old and a citizen for ____ years.
30, 7
25, 9
30, 9
35, 7
12
On a graph, the point where Qd=Qs is called
equilibrium
equality
equanimity
equidistant
13
Special interest groups hire _____ to influence politicians in their favor.
lawyers
lobbyists
logrollers
riders
14
Also known as "pork", this is an unrelated, specific addition to a bill:
a raider
a rider
a river
a roper
15
The acronym TINSTAAFL illustrates the concept of
scarcity
equilibrium
opportunity cost
demand and supply