US Citizenship and Economy Quiz

What is a duty of a U.S. citizen?

• Volunteering in the community

• Obeying the law

• Respecting the opinions of others

Jim spent 9 years waiting in jail for his trial for stealing a hammer. This violated which amendment?

• 6th Amendment

• 1st Amendment

• 5th Amendment

• 8th Amendment

The right to criticize the government is protected by the (a)   amendment.

What is not an obligation of all US citizens?

• following federal laws

• serving on juries

• running for office

• paying taxes

What duty of citizenship do people fulfill when they vote?

• the duty to follow federal laws

• the duty to participate in the democratic process

• the duty to respect the rights of others

• the duty to stay informed about important issues

Why did the Founding Fathers include due process protections in the Bill of Rights?

• so that criminals are punished very harshly

• to prevent citizens from protesting unfair laws

• so that government leaders do not have to follow laws

• to protect innocent people who are accused of crimes

Amendments to the US Constitution may be proposed by either a national convention called for by two-thirds of the states, or by

• the president of the Senate.

• a majority vote in the Supreme Court.

• a two-thirds vote in Congress.

• the president of the United States.

Why did the Framers of the Constitution include a way to amend the document?

• to allow the United States to adapt to changing situations

• to make sure that citizens could easily change the government

• to allow states to challenge the power of the government

• to make sure the government did not create unpopular laws

How is opportunity cost related to financial decision-making?

• You will always make the right decision if you consider opportunity costs.

• You can know the opportunity cost of a decision only after the decision has been made.

• An opportunity cost is what you lose by deciding to choose one alternative over another.

• Financial decisions cannot be made without first understanding the opportunity costs.

Which of the following is an example of a price incentive?

• A gallon of milk only cost $1.50 ten years ago, but today it costs $2.25.

• An employer gives an employee a raise to reward her for her hard work.

• A store usually sells candy bars for $1.00, but today is selling them for $0.75.

• A stockbroker buys a share of stock and sells it later in order to make a profit.