stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics- 1 Flashcards | StudBud
Explore
/
Economics- 1
Economics- 1
35 terms
·
StudBud Administration
·
677 plays
Economics Review
Flashcards
35 cards
F
Practice quiz
P
Host live
L
Questions
35
Answers
1
In Virginia when does registration close?
29 day before an election
27 day before an election
22 day before an election
7 day before an election
2
Government agency that regulates television and radio.
FTC
FCC
DEA
EPA
3
What US court only has appellate jurisdiction?
Virginia General District Court
Virginia Supreme Court
US Supreme Court
US Court of Appeals
4
What document lists the goals and purposes of the US government?
Declaration of Independence
Preamble to the US Constitution
Article of Confederation
Rule of law
5
What is the term used for the state executive?
governor
President
mayor
bill
6
The government purchases goods and provides services through:
bills
congress
laws
taxes
7
What type of economic system has a public and private sector?
whimsical
Mixed
free market
command
8
Who gives local governments the power to operate?
Congress
the state
The US
Adkins
9
Using goods and services is called....
supply
production
choice
consumption
10
Who prepares the budget and appoint cabinet members and judges and executes the law?
Congress
General Assembly
The President
Judicial Branch
11
Who approves the budget and approves appointments made by the president?
General Assembly
Congress
Councils
Supreme Court
12
The Supreme Court overturns a law that is found unconstitutional. This is an example of:
Compromise
anarchy
Judicial Review
Executive veto
13
What happens when the government reduces taxes on citizens?
Citizens have more money
Citizens have no money
Citizens have less money
There is no change
14
What court in Virginia would you see a judge and jury?
Juvenile Court
Virginia Circuit Court
Virginia General District Court
US District Court
15
What amendment allows Congress to tax your income?
1st
10th
16th
5th
16
What amendment reserves powers not given to the federal government to the states?
10th
14th
16th
5th
17
An economic system where people will practice the jobs their parents and grandparents performed
mixed
traditional
command
market
18
What is the city or town legislative branch called in Virginia
board of supervisors
councils
ordinances
Congress
19
Whose responsibility is it to make ordinances?
people
Congress
local legislative body
state government
20
The amount of a good or service that a consumer is willing to buy is called....
supply
choice
price
demand
21
Who signs Virginia bills into law?
President
Mayor
Governor
Mrs. Adkins
22
What are the due process amendments?
5th and 14th
16th and 20th
5th and 10th
1st and 2nd
23
What is given up when a choice is made....
demand
choice
opportunity cost
supply
24
what are ordinances
local laws
amendments
bills
federal laws
25
Who has the greatest influence on decisions made at the local level?
individuals
president
Congress
ambassadors
26
The inability to satisfy all wants at the same time is called?
scarcity
choice
opportunity cost
consumption
27
Who influences public policy by lobbying government officials?
interest groups
gangsters
liberals
Congress
28
What determines the price of a good or service?
supply and demand
choice
production
government
29
What amendment grants citizenship?
10th
16th
5th
14th
30
What does the EPA stand for?
Environmental Protection Agency
Environmental Progressive Association
Environmental Progressive Agency
Environmental Pollution Agency
31
What amendment gives the freedoms of RAPPS?
1st
12th
10th
13th
32
What are the two steps to the amendment process?
proposal and ratification
vote and ratification
vote and sign
proposal and amendment
33
What is the name of our legislative branch in Virginia
General Assembly
House of Burgesses
Senate
Congress
34
A centrally planned economy is called....
market
mixed
traditional
mixed
35
This benefits economic systems, allows for lower prices and better quality of goods...
choice
consumption
price
competition