5th CA #1 Review (Government/Economics)

Question 1

Why do banks loan money to households and businesses?

Accepted Answer

because banks earn a profit by charging interest on the loans

Question 2

Why do households sell their labor to businesses?

Accepted Answer

They receive income in exchange for labor

Question 3

What should Cody do?

Accepted Answer

deposit $1,500 in a savings account and $500 in a checking account

Question 4

How do due process protections affect people who are guilty of crimes?

Accepted Answer

They make sure that they are punished fairly.

Question 5

What is a reason that due process protections are included in the US Constitution?

Accepted Answer

to make sure that criminals are punished fairly for their crimes

Question 6

What part do state governments play in amending the US Constitution?

Accepted Answer

3/4 of state legislatures must approve an amendment for it to be ratified

Question 7

Paying taxes is a responsibility of US citizens.

Accepted Answer

TRUE

Question 8

Which two terms correctly complete the blanks in diagram? Think about what tax $ pays for...

Accepted Answer

I: taxes; II: public services

Question 9

Whose actions would NOT be protected by the First Amendment?

Accepted Answer

Sarah played a prank and pulled the fire alarm at the mall.

Question 10

What is an example of potential risk that entrepreneurs take when starting a business?

Accepted Answer

They might lose the money they invest in materials for the business

Question 11

Is Nicole an entrepreneur? Why or why not?

Accepted Answer

Yes, she started her own business and accepted the risk of its failure

Question 12

Which statement about the constitutional amendment process is correct?

Accepted Answer

There are 2 ways to amend the Constitution, but only 1 has ever been used

Question 13

Which amendment to the US Constitution lowered the voting age to 18?

Accepted Answer

the Twenty-sixth Amendment

Question 14

Carly wants to make sure that she spends less money than she earns each month. The BEST thing she can do is to...

Accepted Answer

make a personal budget

Question 15

What should a person make sure to balance when creating a personal budget?

Accepted Answer

spending and saving

Question 16

The addition of the Bill of Rights to the US Constitution was the result of which process outlined in the document?

Accepted Answer

The Amendment Process

Question 17

Employers pay employees in exchange for the employees' labor.

Accepted Answer

True

Question 18

Why did the Framers of the US Constitution make it difficult to amend the document?

Accepted Answer

to keep important compromises written into the document intact

Question 19

Which answer choice BEST describes the civic responsibility Hubert is performing?

Accepted Answer

defending the right to free speech, because the man has the right to speak

Question 20

Which amendment denied federal & state governments the power to restrict the right to vote based on a citizen's gender?

Accepted Answer

the Nineteenth Amendment

Question 21

Which amendment allows citizens of Washington, DC, to vote for president of the United States?

Accepted Answer

Twenty-Third

Question 22

Which term refers to the rivalry among businesses to supply goods and services to consumers?

Accepted Answer

competition

Question 23

What is an example of potential risk that entrepreneurs take when starting a business?

Accepted Answer

They give up the opportunity to generate income doing something else.

Question 24

There are four major sectors of the US economy. Which sector has the LARGEST role in regulating the economy?

Accepted Answer

government

Question 25

Chloe wants to take out a loan from her bank in order to open a coffee shop. What expectation should Chloe have?

Accepted Answer

to make monthly payments to bank based on the amount of the loan + interest

Question 26

Households pay the government ______________, so the government can provide __________________.

Accepted Answer

taxes; public services

Question 27

What is a reason that due process protections are included in the US Constitution?

Accepted Answer

to allow people accused of crimes to defend themselves in court

Question 28

What basic responsibility of citizens of the United States is Simone performing?

Accepted Answer

making an informed choice when voting

Question 29

What factor of production do households provide to private businesses?

Accepted Answer

labor

Question 30

My goal for our first social studies common assessment is to earn a score of....

Accepted Answer

Proficient (3), Distinguished (4)

5th CA #1 Review (Government/Economics)

Questions 30

5th CA #1 Review (Government/Economics)

Questions 30