Civics/Econ Unit 8 Test Review

A person with extra lemons decides to open a lemonade stand. They have plenty of this factor:

An economy in which economic decisions are made by individuals:

A recession is a contraction that lasts

If the supply is greater than demand:

The simplest business type is the:

The leader of the House of Representatives is the:

Major violations of the legal code:

About one third of this body is elected every two years:

Price is determined by

The presidential power to stop the prosecution of a suspect:

A situation when one nation produces a good that is cheaper and/or better than other nations:

Business owners help the state by:

The full faith & credit clause means the

Article III of the Constitution describes the:

The only crime defined in the US constitution is:

An economy in which the state makes most of the economic decisions.

Labor using mostly mental abilities:

A grand jury:

Federal judges serve terms of

Members of the Senate are elected to terms of:

Powers held only by the federal government:

Dividing powers between different levels is:

The amount of work completed in a specific amount of time is:

Labor which requires primarily physical labor:

He warned of the dangers of political parties:

Which of the following is NOT a factor of Production?

An economy in which you will likely do what your parents do?

NC judges are selected for offices by:

The social contract is an agreement between :

In this business type, the owners are stockholders & the company is run by a board of directors

Which of the following would be an example of how NC has been changed by people?

Montesquieu influenced this feature of US governmental structure:

Comparative advantage should lead to:

The biggest item in almost every county & state budget:

If a motorcycle shop had a large surplus of a particular motorcycle, they would likely:

The idea that there is rarely enough of any good to meet all needs & wants is

The case required the police to advise a suspect of their rights before questioning or arrest:

The elected executive for a city or town is the

The compromise that created the two-house legislature for the federal government:

When supply & demand have met, you have reached:

A political party's position on one issue is a:

The amount of a good or service a producer will make at a fixed price.

The Council of State is part of the:

The case established the power of judicial review

The stage at which the defendant pleads guilty or innocent:

Presidential appointments like department secretaries & Supreme Court justices must be approved

If demand for one good has the same effect on the demand for another product, it is a --- good.

Which of the following shows the characteristics of a market economy?

Something you give up when making a choice is:

The idea that a large business can operate more efficiently because of the volume of its sales:

"Constitutions" granted to local governmental by the states are called:

During a recession, governments tend to:

Goods used to produce other goods are:

This form of business exposes the owner to the biggest threat of personal loss.

The local official in charge of prosecuting criminals is the:

When organizing a personal budget, which of the following items/categories comes FIRST?

A situation in which a change of price does not greatly affect demand:

A situation in which price greatly affects demand

At this stage, the defendant pleads guilty or innocent:

Which business type has the most difficult task of raising capital?

The value of a good or service assigned by market forces is its

Judicial review is the power to:

Powers held only by the states are called

Taxes placed on imports are called:

A good that can be used in place of another good.

An owner's protection against losing their personal assets is called:

This business type offers the greatest ability to raise capital:

Since most people have limited budgets, the best strategy for them would be to:

90% of all federal cases are held this level of the federal court system.

A bill that dies when the President holds it & the Congress is in session less than 10 days.