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Mia Hammock
Mia Hammock
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Answers
1
Which economic concept is illustrated in these drawings?
Central planning
Consumer sovereignty
Profit margin
Opportunity cost
2
What is the main role of the electoral college?
To encourage citizens to vote in presidential elections.
Casts the official vote for president and vice president.
To select candidates for the presidential election.
To raise funds for presidential candidates and elections.
3
The 15th Amendment: Citizens cannot be denied the right to vote based on race, color or previous condition of servitude.
True
False
4
Which is a function of a political party?
Enforcing laws passed by Congress and the President
Holding debates to keep citizens informed about campaign issues
Nominating members to the President’s cabinet
Passing laws in favor of the political party in power
5
Which item best completes this list?
Licensed driver
Employed
State resident
Married
6
The amount of a good/service that consumers are willing & able to buy at different prices during a given time period is-
equilibrium price.
demand.
scarcity.
supply.
7
In which economic system will people most likely perform the same type of work as their parents?
Command
Free market
Traditional
Mixed
8
What can be inferred from the graph?
Third parties get more votes than other parties
Third parties often win presidential elections.
Third parties rarely win presidential elections.
Most voters are undecided when it comes to election day.
9
What is the best title for the list?
Gave American Citizens the Right to Vote at Different Times
Denied the Right to Vote to Many American Citizens
Replaced the Articles of confederation
Outlined the Rules for Winning a Presidential Election
10
What type of economic system is the most common today?
Traditional economy
Command economy
Free market economy
Mixed economy
11
What are elected officials doing when they use the media to hold news conferences?
Passing laws
Enforcing laws
Communicating with the public
Giving an opinion poll
12
What is the best title for the list?
Characteristics of the U.S. Economy
Characteristics of a Traditional Economy
Characteristics of Entrepreneurs
Characteristics of a Command Economy
13
What information would be included for each party where the question marks are located? Select the two correct answers.
Their connections to third parties and their candidate.
Similarities between the political parties.
Differences between the political parties.
The political parties ideas as stated in their platform.
14
What statement best summarizes campaign finance?
Individuals & businesses are not allowed to donate to candidates/campaigns.
Individuals can donate unlimited amounts directly to political candidates
There is no limit to how much money can be donated to PACs and Super PACs.
Donations to campaigns must be made through special interest groups
15
Which function of political parties is best illustrated in the photograph? (2020 Presidential Debate)
recruiting and nominating candidates
monitoring actions of officeholders
influencing public policy
educating the electorate about campaign issues
16
A market exists whenever buyers and sellers exchange (2 answers.) -
goods
research.
ideas
services
17
The United States economy is primarily a free market but it has aspects of other economies, it is characterized as a -
specialized economy
traditional economy
mixed economy
command economy
18
Consumers using goods and services is an example of -
consumption
production
scarcity
incentives
19
Which of the following statements summarizes a key role of political parties?
Play a role in passing legislation based on the interests of lobbyists
Run the polling centers across the country on election day
Essential to maintaining the electoral college during presidential election
Allow citizens to engage in politics based on their personal interests
20
The President and Vice President are elected by -
a majority vote in the Senate of the United States.
a popular vote of the people.
a presidential primary in the states.
a majority vote in the Electoral College
21
Select the three correct answers. What are the basic questions of economics?
When will it be produced?
How will it be produced?
For whom will it be produced?
What will be produced?
22
Which number is most reflective of a third party in the United States?
4
2
1
3
23
When is voter registration closed?
60 days before the election
22 days before the election
14 days before the election
On the day of the election
24
What is the media doing when it informs the public about the wrongdoing and mistakes of the government?
Voting
Contributing to a campaign
Lobbying for an interest group
Holding government accountable
25
What is the best title for the chart?
Increasing Voter Turnout
Selecting a PAC (political action committee)
Assessing Voter Registration Increasing Voter Turnout
Evaluating Campaign Information
26
The right of individuals & businesses to own personal property & the means of production w/o undue gov. interference is-
private property.
consumer sovereignty.
Profit
competition.
27
What characteristics is paired incorrectly with an economic system?
Free market
Traditional
Command
Mixed
28
What are the three reasons that states and nations trade with one another?
buy goods at a higher cost or a higher opportunity cost.
buy goods at a lower cost or a lower opportunity cost.
obtain goods they cannot produce efficiently themselves.
create jobs by selling goods and services to other countries.
29
The equilibrium price is the point where supply and demand meet. According to the chart, what is the equilibrium price?
$1.00
$.50
$3.00
$1.50
30
How many electoral votes are needed to win the presidential election?
300
538
270
463
31
To figure out what his profit is, Reggie must -
subtract his expenses from his earnings
add his earnings to his expenses
do nothing else
multiply his earnings times his expenses
32
Which are the three basic ways that entrepreneurs organize their businesses to earn profits?
Partnership
Proprietorship
Corporation
Merger
33
According to the graph, between which years did the company experience the biggest loss in profits?
2007 to 2008
2004 to 2005
2011 to 2012
2009 to 2010
34
What is the best title for the diagram?
Free market economy
Command economy
Mixed economy
Traditional economy
35
Which amendment states the minimum voting age is 18.
19th
24th
15th
26th
36
Which state would a Presidential candidate MOST want to win in the Presidential election?
Texas (TX)
Florida (FL)
California (CA)
New York (NY)
37
What type of economic system does the United States have?
Free market economy
Traditional economy
Command economy
Mixed economy
38
Local governments preparing a response for an international health crisis would most likely -
shut down international airline flights
end visits by international travelers
ask the military to police the city
develop a public safety plan for the city
39
Individuals and businesses have the right to own real and personal property and the means to produce without -
Undue government interference
Competition
Consumer sovereignty
Profit
40
The 19th Amendment granted women the right to vote.
True
False
41
What is the best title for the process shown in the diagram?
Choice
Opportunity cost
Production
Scarcity
42
A person who takes risks to produce goods and services in search of profits is -
an antitrust regulator.
a donor.
an entrepreneur.
a loan officer.
43
What did the 23rd Amendment do?
Granted African Americans the right to vote
Granted women the right to vote
Minimum voting age is 18
Citizens of DC can vote in presidential elections
44
Virginia and the United States specializes in the production of goods and services which promotes -
higher cost of production.
interference of trade with other countries.
efficiency and growth.
the slowdown of the global economy.
45
The percentage of voters is usually greatest in which election?
Presidential election
City council election
Gubernatorial election
Senatorial election
46
Which number represents the headline that is an opinion?
2
3
4
1
47
Which of the following three are international issues and events that would require public policy decisions?
Potholes in streets as a result of excess snow
Public safety in the event of terrorism acts
Public health concerns during a pandemic
Concerns about global warming
48
The scenario illustrates one way public policy is influenced by -
television
the President
interest groups
media
49
According to the graph, which industry is the largest exporter in Virginia?
Vehicles
Tobacco
Industrial machinery
Electrical machinery
50
Worldwide markets of the buying & selling of goods & services by nations, individuals, & businesses takes place is the -
global economy.
European Exchange.
American economy.
Stock Market.
51
In order to win elections, political parties -
avoid all propaganda techniques.
appeal to the political center.
try to attract only liberal voters.
avoid forming any platforms.
52
Which are the three ways financial institutions channel funds from savers to borrowers?
Provide financial capital to people/businesses to start or grow businesses
Encourage saving and investing by paying interest on deposits
Receive deposits and make loans
Take money from the rich and give it to the poor
53
Consumers have the ability to determine what goods and services will be produced through their purchases. This is called
private property
centrally-planned economy
consumer sovereignty
lack of consumer choice
54
What are the four functions of political parties?
Create campaign slogans
Educate others about issues
Maintain the Electoral College
Recruit and nominate candidates
Monitor officeholders
Help candidates win elections
55
One example of mass media used in political campaigns is -
to emphasize issues.
to broadcast same points of view.
to exchange posters.
to discourage political mailings.
56
Third parties differ from the two main political parties because third parties -
have more members
are often concerned with one issue.
have more money.
have more political experience.
57
Joan Smith most likely works as a
magistrate
judge
journalist
lobbyist
58
What is the CAUSE?
Rising campaign costs
Limited opportunities to run for public office
Increased special interest groups
Unlimited donations to PACs and Super PACs
59
What is the CAUSE?
Outdated technology
Scarcity of resources
High taxes
Innovations in Technology
60
Which amendment prohibits poll taxes?
26th
15th
24th
19th
61
What is the best title for the diagram?
Free market economy
Mixed economy
Traditional economy
Command economy
62
Reinvesting tax dollars into public goods and services show one aspect of the government’s involvement in the -
market equilibrium
economic flow
supply and demand
consumer product safety
63
In this picture shown, Reggie is the -
human resource
main resource
nature resource
capital resource
64
What best completes the diagram shown?
Taxes
Profit
Scarcity
Competition
65
The point at which supply and demand meet is called -
consumer sovereignty.
equilibrium price.
competition.
scarcity.
66
When a third party candidate enters a Presidential race, what may occur?
Congress writes legislation to remove third party candidates from election
New ideas and issues are introduced creating public interest and discussion
The citizens and media ignore the third party candidate.
One or both primary candidates drop from the presidential race.
67
What is the best title for the diagram?
Capital Resources
Supply and Demand
Economic Flow (Circular Flow)
Private Financial Institutions
68
What can be inferred from the graph?
As family income decreases, voter turnout will increase.
As family income increases, voter turnout will decrease.
Family income does not influence whether a citizen will vote.
As family income increases, voter turnout will increase.
69
What type of business ownership does Reggie have?
Proprietorship
Merger
Corporation
Partnership
70
The state's Congressional representation is based on the state's -
location
voter participation rate
per capita income
population
71
What is the best title for the list?
Mixed economy
Free market economy
Traditional economy
Command economy
72
How are political cartoons used in politics and during political campaigns?
Mass media uses political cartoons to influence the public about candidates
Political cartoons are used for fundraising during political campaigns.
Voters used political cartoons to make informed choices before election day
Political cartoons are used to separate fact from opinion
73
What is the opportunity cost?
Mowing his neighbor's yard
Going to dinner
Spending the money he earned
Going to the movies
74
What is this business organization called?
Proprietorship
Corporation
Partnership
Merger
75
The Progressive Party formed by the person shown is an example of -
A third party.
The Democratic Party
The Republican Party
A main party.
76
How does the media influence public opinion?
Regulates the type of media people use
Tells people who to vote for
Gives money to political parties
Focuses attention on certain issues
77
Which headline best demonstrates the impact of international issues on local government?
3
1
4
2
78
In which three ways has the high cost of getting elected changed campaigns for political office?
Limits opportunities to run for office.
Gives advantages to the wealthier candidates.
Requires extensive fund-raising activities.
Gives issue-oriented special interest groups less influence.
79
The headline reflects which role of media during an election?
Announcing the candidates
Endorsing a particular candidate
Broadcasting opposing views
Emphasizing certain issues
80
Which three statements belong in the shaded area of the diagram?
Reflect both conservative and liberal views
Organize to win elections
Influence public policies
Support the policies of the executive branch
81
The requirement for a majority vote to win the Electoral College favors -
a two-party system.
a Parliamentary system.
a Communist system.
a third party system.
82
When Derrick decides between the football and the video game, he is making -
an incentive
a choice
a resource
an enterpreneurship
83
Which best represents an incentive?
A wireless network company requires a two-year contract
Processing fees are added to orders placed with an online clothing company
Oil production is reduced causing an increase in has prices
A gym offers a free duffle bag with the purchase of a one-year membership
84
What is the best title for the diagram?
Human Resources
Capital Resources
Main Resources
Natural Resources
85
What is the EFFECT?
Limits placed on the amount individuals can donate to candidates
Rising campaign costs limit opportunities for people to run for office.
Businesses have a limited amount they can donate to PACs and Super PACs
Businesses and unions can donate unlimited amounts to PACs and Super PACs.
86
What will most likely happen as a result of this scenario?
Bread prices will go up.
Consumers will pay less for bread.
Bread prices will go down.
Consumers will grow their own wheat.
87
What economic concept does this example demonstrate?
Guarentee
Scarcity
Incentive
Opportunity cost
88
The Voting Rights Act of 1965 outlawed discriminatory voting practices.
True
False
89
What is this business organization called?
Monopoly
Partnership
Corporation
Proprietorship
90
Banks and credit unions are -
private financial institutions.
public goods and services.
major economic systems.
government agencies.
91
Which picture represents a capital resource?
Empty choice
Empty choice
Empty choice
Empty choice
92
Which title best completes the graphic?
Legislators
The President
Voters
A Lobbyist
93
Which of the following are the three qualifications to vote in Virginia?
Citizen of the United States
At least 18 years of age by day of the general election.
Resident of Virginia and voting precinct
At least 18 years of age by day of registration
94
Which term completes this economic flow?
Investment
Savings
Taxes
Income
95
What best completes the diagram shown?
Scarcity
Competition
Profit
Taxes
96
Consumers have the ability to determine what goods and services will be produced through their purchases. This is call -
consumer sovereignty.
lack of consumer choice.
private property.
centrally-planned economy.
97
The government uses tax revenues from individuals and businesses to -
provide public goods and services.
donate to charities.
make profits.
buy products.
98
The winner-takes all system in the Electoral College leads to -
An equal number of electors from each state.
Third party candidates having the advantage.
Candidates focusing on states with high numbers of electors.
Electors from two or more parties in the same state.
99
Which economic term is best illustrated by this scenario?
Human resource
Choice
Scarcity
Opportunity cost
100
What type of activity is the Grain Producers Organaization demonstrating?
Boycotting
Picketing
Lobbying
Campaigning
101
The amount of a good/service producers are willing to offer for sale at each possible price at a given time period is -
scarcity.
equilibrium price.
supply.
demand.
102
This letter is an example of -
lobbying
campaigning
demonstrating
policymaking
103
What is the best title for the list below?
Scarcity
Choice
Resources
Opportunity cost
104
What is the opportunity cost of Derrick's decision?
$100
football
$50
video game
105
Which item best completes the chart?
Number of children
Marital status
Income
Gender
106
Technological innovations such as the internet contribute to -
higher costs of production.
the global flow of information, capital, goods, and services.
the slowdown of the global economy.
interference of trade with other countries.
107
Which best describes the American political process?
A two party system that is at times influenced by a third party.
Independent candidates who elect to run for once based on personal interest
A three party system that revolves around one main candidate.
Mainly independent candidates with no party affliation.
