
Understanding Budgeting Terms Quiz 3
Authored by Adriah Williams
Financial Education
12th Grade

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are home rule powers?
Powers that allow local governments to establish charters and create laws as long as they don’t violate state law or the constitution.
Powers that allow local governments to override state laws.
Powers that are exclusively held by the federal government.
Powers that are only applicable to private organizations.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who were the main philosophers behind the concept of the Social Contract?
Karl Marx, Friedrich Engels, and Max Weber
John Locke, Thomas Hobbes, and Jean-Jacques Rousseau
Plato, Aristotle, and Socrates
Immanuel Kant, David Hume, and René Descartes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary expectation of citizens in a Social Contract?
To receive free education and healthcare
To get an effective system for regulating conduct and resolving conflicts
To have the right to bear arms
To have unrestricted freedom of speech
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a local government’s charter violates state law or the constitution?
The charter is automatically amended.
The charter can be revoked.
The charter is ignored.
The charter is enforced regardless.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a Mill in taxation terms?
1/100 or a $1 for every hundred
1/1000 or a $1 for every thousand
1/10 or a $1 for every ten
1/10000 or a $1 for every ten thousand
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the nature of power distribution in a unitary system?
All powers are divided equally between state and local governments.
All powers reside at the state level.
All powers are held by local governments.
All powers are shared with the federal government.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of the Social Contract, what do citizens give up?
The right to vote
The right to defend themselves and secure necessities of life
The right to free speech
The right to privacy
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