Social Studies Midterm Study Guide

Question 1

a tax on the value of the property owned by a person or a business

Accepted Answer

property tax

Question 2

a small business owned by one person

Accepted Answer

sole proprietorship

Question 3

person paid by a lobby or interest group to represent the group's interests

Accepted Answer

lobbyist

Question 4

system that gives people right 2 buy n sell goods as they want profit the $ a business has left after paid its expenses

Accepted Answer

free market

Question 5

group of all the electors

Accepted Answer

electoral college

Question 6

regressive tax-tax that takes more money from a person with higher income than it does from a person with a lower income

Accepted Answer

False

Question 7

the lack of resources to meet people’s wants or needs

Accepted Answer

scarcity

Question 8

the range of differences in views between political parties

Accepted Answer

political spectrum

Question 9

revenue- money raised from taxes or fees

Accepted Answer

True

Question 10

a system in which business owners may operate with little government interference

Accepted Answer

free enterprise

Question 11

ideas that are spread to influence people

Accepted Answer

propaganda

Question 12

a theory that states that buyers will want a greater quantity of goods when prices are low

Accepted Answer

law of demand

Question 13

organizations of people with common interests that try to influence government policies and decisions

Accepted Answer

interest groups

Question 14

voters who are not members of a political party

Accepted Answer

independent voters

Question 15

organizations that promote the interests of the general public

Accepted Answer

public interest groups

Question 16

voters of a specific party choose candidates for the general election

Accepted Answer

closed primary

Question 17

the interest a business has left after paying its expenses

Accepted Answer

profit

Question 18

individuals who work without pay to help others

Accepted Answer

volunteers

Question 19

additional parties in what is normally a two-party system

Accepted Answer

third parties

Question 20

survey intended to measure public opinion

Accepted Answer

poll

Question 21

a theory that states that businesses will produce more products when they can sell them at higher prices

Accepted Answer

law of supply

Question 22

when a government spends more money than it takes in as revenue

Accepted Answer

deficit

Question 23

districts within which all voters vote at the same location

Accepted Answer

precincts

Question 24

allows voters to choose candidates for a specific political party

Accepted Answer

primary election

Question 25

volunteers- groups that collect voluntary contributions from members and use this money to fund favored candidates

Accepted Answer

False

Question 26

a paper ballot listing candidates and marked in private by voters

Accepted Answer

secret ballot

Question 27

a statement of a political party’s views on important issues and policies

Accepted Answer

platform

Question 28

individual part of a political party’s platform

Accepted Answer

plank

Question 29

person who runs for a government office

Accepted Answer

candidate

Question 30

budget - a certificate stating that the government has borrowed a certain sum of money from the owner of the bond

Accepted Answer

False

Question 31

a tax paid on imports, or goods bought from another country

Accepted Answer

tariff

Question 32

when one company sells a product without competition from others

Accepted Answer

monopoly

Question 33

the amount of money coming into the government equals the amount being paid out as expenses

Accepted Answer

balanced budget

Question 34

a tax on what people earn

Accepted Answer

income tax

Question 35

a tax that takes the same amount of money no matter how high or low a person’s income is

Accepted Answer

regressive tax

Question 36

interest- payment made for the use of borrowed money

Accepted Answer

True

Question 37

payments charged by governments for various licenses

Accepted Answer

fees

Question 38

an economic system in which economic decisions are made by people looking out for their own best interests

Accepted Answer

market economy

Question 39

all human efforts, skills, and abilities used to produce goods and services

Accepted Answer

labor

Question 40

person chosen by each state to select the president and vice president

Accepted Answer

elector

Question 41

votes cast by the electors for president and vice president

Accepted Answer

electoral votes

Question 42

the manufactured goods used to make other goods or services

Accepted Answer

capital

Question 43

a large business that is recognized as a separate legal entity stock shares of ownership in a corporation

Accepted Answer

corporation

Question 44

government controlled by a single strong political party

Accepted Answer

one party system

Question 45

corporate profits paid to stockholders

Accepted Answer

dividend

Question 46

total of the opinions held concerning a particular issue

Accepted Answer

none of the above

Question 47

a group of people with similar views on public matters nominate to select a candidate to run for a political office

Accepted Answer

political party

Question 48

allows voters to elect leaders from all political parties

Accepted Answer

general election

Question 49

an interest or pressure group

Accepted Answer

lobby

Question 50

forms of communication that transmit information to large numbers of People

Accepted Answer

mass media

Question 51

government run by more than two strong political parties

Accepted Answer

multi party system

Question 52

money charged as a punishment for breaking certain laws

Accepted Answer

fine

Question 53

parties in a multiparty system working together to run the government

Accepted Answer

coalition

Question 54

a careful examination of financial records by a professional accountant

Accepted Answer

audit

Question 55

- the total amount of money the U.S. government owes plus interest

Accepted Answer

national debt

Question 56

location within a precinct where voting takes place

Accepted Answer

polling place

Question 57

a business in which two or more people share the responsibilities, costs, profits, and losses

Accepted Answer

partnership

Question 58

government dominated by two main political parties

Accepted Answer

two party system

Question 59

groups that provide goods and services without wanting to earn profits for stockholders

Accepted Answer

nonprofit organizations

Question 60

the vote of the country’s citizens

Accepted Answer

popular vote

Question 61

when a government collects more money in revenues than it spends

Accepted Answer

surplus

Question 62

items provided by nature without human intervention that can be used to produce goods or provide services

Accepted Answer

natural resources

Question 63

people who buy corporate stocks

Accepted Answer

stockholders

Question 64

a person who organizes, manages, and assumes the risks of a business

Accepted Answer

entrepreneur

Social Studies Midterm Study Guide

Questions 65

Social Studies Midterm Study Guide

Questions 65