4323 Midterm Part 2: Government and Economics

Analyze the purpose of government and identify which form of government is characterized by a single party or leader controlling all aspects of life.

• Constitutional Monarchy

• Totalitarianism

• Democratic Republic

• Theocracy

Which of the following is a fundamental belief of a democratic republican form of government?

• Rule by a single leader

• Rule of law

• Government ownership of all property

• Suppression of free speech

Distinguish the primary role of the legislative branch in the United States government.

• Enforcing laws

• Interpreting laws

• Making laws

• Conducting foreign policy

Identify the influence of special interest groups on policy decisions in the United States.

• They have no influence on policy decisions.

• They can lobby legislators to pass laws favorable to their interests.

• They are responsible for enforcing laws.

• They appoint judges to the Supreme Court.

Which of the following is a responsibility of individuals in a democratic society?

• To own property

• To vote in elections

• To serve in the military

• To run for public office

Identify the freedom provided by the First Amendment of the U.S. Constitution.

• Right to bear arms

• Freedom of speech

• Right to a fair trial

• Protection from unreasonable searches

Apply the concept of supply and demand to determine what happens when demand increases and supply remains constant.

• Prices decrease

• Prices remain the same

• Prices increase

• Supply increases

Compare the characteristics of a market economy with a command economy.

• Both have government-controlled production.

• Market economies have private ownership, while command economies have government ownership.

• Both rely on supply and demand to set prices.

• Command economies have private ownership, while market economies have government ownership.

Analyze how technological innovation can affect the standard of living in a community.

• It always decreases the standard of living.

• It has no effect on the standard of living.

• It can increase productivity and improve the standard of living.

• It only benefits the wealthy.

Identify the form of government where religious leaders control the government.

• Totalitarianism

• Theocracy

• Democratic Republic

• Socialism