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Civics & Economics SOL REVIEW Flashcards | StudBud
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Civics & Economics SOL REVIEW
Civics & Economics SOL REVIEW
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1
Factors of production that are used in the production of goods and services.
Resources
Choice
Opportunity Cost
Scarcity
2
Rights of Englishman guaranteed to colonists are established within this document:
Charters of the Virginia Company of London
Virginia Declaration of Rights
Declaration of Consitution
3
Means of obtaining citizenship in the U.S.A.
By naturalization
By birth
By immigration
Both 1 & 2
4
The amount of money exchanged for a good or service.
Price
Supply & Demand
Consumption
Production
5
The Preamble of the Constitution of the U.S.A. begins with...
We the People...
Fourscore and seven years ago our fathers brought forth...
Government is not a solution to our problem...
Ask not what your country can do for you ...
6
This document served as a model for the Constitution and Bill of Rights:
Virginia Declaration of Rights
Virginia Statute for Religious Freedom
7
Proprietorship:
Authorized by law regardless of number of owners who share profit
2 or more owners who share risks & profit
Person who takes risk to sell good/service search of profit
1 owner who takes all the risks & profit
8
Democracy:
A government where the people rule
People are the source of any and all government power
People elect public officeholders to make laws/conduct gov't
The government and those who govern are bound by law
9
How do you amend the Constitution of Virginia?
Proposal action by Congress or Convention & ratify by states
Proposal action by General Assembly & ratify by Virginia voters
10
Corporation:
Authorized by law regardless of # of owner, share profit
2 or more owners who share risks & profit
1 owner who takes all the risks & profit
Person who takes risk to sell goods/service search of profit
11
This document structures US government, guarantees equality under law, grants freedoms...
Constitution of the United States
Articles of Confederation
Declaration of Independence
12
First Amendment freedoms include:
Freedom of Religion
Freedom of Speech/Press
Freedom of Assembly
All of these freedoms are included
13
Which is NOT a qualification to register to vote in VA?
Has a job working for the government
At least 18 years of age
Citizen of the U.S.
Resident of Virginia precinct
14
U.S. economy; individuals/business make decisions, government role is greater, etc.
Free Market
Command
Traditional
Mixed
15
Partnership:
Person who takes risk to sell goods/service search of profit
Authorized by law regardless of number of owners, share profit
2 or more owners who share risks & profit
1 owner who takes all the risks & profit
16
Must obey laws, pay taxes, serve in Armed Forces, serve on jury or as a witness in court...
Duties of Citizens
Responsibilities of Citizens
17
Reasons for Trade:
Sell goods or services to other countries; create jobs
Buy goods or services at a lower cost
Get goods or services that a country cannot produce themselves
All of the above
18
Functions of Political Parties:
Monitoring actions of officeholders
Recruiting, nominating, and helping candidates win elections
Educating electorate about campaign issues
All of the above
19
This document was the first form of U.S. government, power within states, weakness in central government:
Declaration of Independence
Articles of Confederation
U.S. Constitution
20
Legislative Powers used to carry out expressed powers.
Implied Powers
Expressed Powers
21
Things that motivate or incite, used to change economic behavior.
Production
Price
Consumption
Incentives
22
Register and vote, keep informed, serve in voluntary positions, support a campaign, etc.
Duties of Citizens
Responsibilities of Citizens
23
Private ownership of property/resources, competition, individual choice, minimal government, etc.
Traditional
Mixed
Command
Free Market
24
Inability to satisfy all the wants at the same time because resources are limited.
Choice
Opportunity Cost
Resources
Scarcity
25
This document grants freedom of religious beliefs and opinions:
Virginia Statute for Religious Freedom
Virginia Declaration of Rights
26
Rule of law:
The government and those who govern are bound by law
A government where the people rule
People are the source of any and all government power
People elect public officeholders to make laws/conduct gov't
27
Entrepreneur:
Person who takes risk to sell goods/service search of profit
1 owner who takes all the risks & profit
2 or more owners who share risks & profit
Authorized by law regardless of number of owners, share profit
28
This branch consists of federal courts (Supreme Court), has power of judicial review, etc.
Legislative
Executive
Judicial
29
Selection of an item or action from a set of possible alternatives.
Resources
Scarcity
Opportunity Cost
Choice
30
The 14th Amendment _____.
guarantees the right to bear arms
Extends due process protection to actions of the states
guarantees all of our freedoms
guarantees protection against unreasonable searches and seizures
31
What is given up when a choice is made...
Resources
Choice
Scarcity
Opportunity Cost
32
Consent of the governed:
People are the source of any and all government power
A government where the people rule
The government and those who govern are bound by law
People elect public officeholders to make laws/conduct gov't
33
How do you amend the U.S. Constitution?
Proposal action by Congress or Convention & ratify by states
Proposal action by General Assembly & ratify by Virginia voters
34
Economic decisions based on custom and historical precedent; same type of work as parents.
Mixed
Free Market
Traditional
Command
35
Limited government:
People elect public officeholders to make laws/conduct gov't
A government where the people rule
The government and those who govern are bound by law
People are the source of any and all government power
36
Combining of human, natural, captial, & entrepreneurship resources to make goods or provide services
Incentive
Price
Consumption
Production
37
The amount of a good or service that producers are willing/able to sell at a certain price.
Supply
Demand
38
The _____ has the duty to maintain the value of a dollar, regulates banks, manages economy, etc.
Federal Reserve System
Legislative Branch
Federal Trade Commission
Executive Branch
39
The amount of a good or service that consumers are willing/able to buy at a certain price.
Supply
Demand
40
This branch has a Congress, makes laws, approves budget, declares war, regulates trade, etc.
Judicial
Legislative
Executive
41
This branch is headed by the president, who executes laws, appoints ambassadors/judges, etc.
Judicial
Legislative
Executive
42
What does the picture represent?
National Economy
Economic Flow
43
Responsibility of National Governments:
Handle foreign policy, regulate commerce, & provide defense
Promote public health, safety, & welfare
44
Which is NOT a way for the government to pay for public goods & services?
Fees
Borrowed Funds
Taxes
Paychecks
45
This document stated grievances against the king, declared colonies independence, etc. :
U.S. Constitution
Articles of Confederation
Virginia Declaration of Rights
Declaration of Independence
46
Central ownership of property/resources (by government), centrally planned, lack of consumer choice
Command
Free Market
Traditional
Mixed
47
Purposes of the U.S. government
All of the above
To form a more perfect union and establish justice
To ensure domestic tranquility and provide a common defense
To promote general welfare and secure blessings of liberty
48
Responsibility of State Governments:
Promote public health, safety, & welfare
Handle foreign policy, regulate commerce, & provide defense
49
Legislative powers specifically listed in the Constitution of the United States.
Expressed Powers
Implied Powers
