CIVICS AND ECON FINAL EXAM PREPARATION / STUDY GUIDE

What is the main focus of the study of economics?

• determining how to balance scarce resources with unlimited needs and wants

• setting tax rates that will be fair to all citizens

• establishing an equal balance of wealth within a nation

• putting together a process to provide public goods and services to all citizens

In a traditional economy, how are the basic economic questions answered? "what will we make, how will we make it and whom shall we make it for?"

• A group of economic experts make the decisions.

• Tradition and custom determine economic choices.

• A centralized leader regulates the economy.

• Producers and consumers make economic choices.

Which type of economic system is characterized by government control over the four factors of production "land, labor, capital and entrepreneurship"

• Traditional

• Free Market

• Mixed

• Command

What is considered to be the greatest accomplishment of the government under the Articles of Confederation?

• the resettlement of Native Americans west of the Mississippi River

• he negotiation of a peace treaty with Great Britain

• the establishment of the Northwest Land Ordinance

• the finalization of the terms of the Albany Plan of Union

What do the Mayflower Compact and the House of Burgesses collectively represent?

• expansion of the Anglican Church into the New World

• the tradition of self government in the colonies

• the guarantee of total religious freedom in the 13 colonies

• England's reluctance to allow any colonial independence

What was the main reason why the Articles of Confederation were replaced?

• It did not establish a Congress to pass federal laws.

• States were not allowed to collect taxes under the Articles.

• It did not protect the fundamental rights of citizens.

• It failed to give the national government enough power.

What was the main difference between the plans proposed by Virginia and New Jersey at the Constitutional Convention of 1787?

• The New Jeresy Plan included the principle of separation of powers; the Virginia plan did not.

• The New Jersey Plan counted slaves in a state's population; the Virginia Plan did not.

• The New Jersey Plan called for no executive branch; the Virginia Plan wanted a group executive.

• The New Jersey Plan was based on equal representation; the Virginia Plan called for representation based on population.

What was one way the U.S. Constitution differed from the Articles of Confederation?

• The Constitution gave more power to the state governments.

• The Constitution forbid the government from taxing the people.

• The Constitution set up three branches of government.

• The Constitution was more difficult to amend.

Why did the Founding Fathers abandon attempts to revise the Articles of Confederation and decide to write a whole new Constitution?

• They realized that the national government needed to be stronger.

• They felt the individual state governments should be strengthened.

• They did not believe that the national government should be limited.

• They wanted to create a government that was more like a monarchy.

The colonists cry of "NO TAXATION WITHOUT REPRESENTATION" expressed what belief?

• Foreign nations should not be able to tax colonial imports.

• Governments should operate with the consent of the governed.

• Voting rights should be extended to all white men.

• Only Parliament should have the power to make laws for the colonies.