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WorksheetsEconomic Concepts CE11
Total questions: 33
Worksheet time: 17mins
Name
Class
Date
1.
Trees are an example of what type of resource?
a)
Natural
b)
Capital
c)
Entrepreneurship
d)
Human
2.
What does the interaction between supply and demand decide?
a)
Price of goods and services
b)
Mixed economies
c)
Consumer preferences
d)
Free markets
3.
Chippy Treats is a store that sells cookies. Last month, Bizzy Sweets, another cookie store, opened in the same shopping center.
How does the opening of the new store most likely affect the buyers of cookies?
How does the opening of the new store most likely affect the buyers of cookies?
a)
Fewer people will want to buy cookies.
b)
The price of cookies will increase.
c)
Customer service at both stores will improve.
d)
The quality of the ingredients will decrease.
4.
What is consumption?
a)
That which determines price
b)
That which is given up when a choice is made
c)
The using of goods and services
d)
Making of goods and services
5.
What do you call the process of combining resources to produce goods and services?
a)
Consumption
b)
Production
c)
Demand
d)
Distribution
6.
The workers in a factory are considered what type of resource?
a)
Capital
b)
Entrepreneurship
c)
Human
d)
Natural
7.
Tamara won the lottery and has decided to invest the money in the stock market instead of building a new home at the beach. What is her opportunity cost?
a)
The cost of the lottery ticket
b)
The cost of the new home
c)
The interest she earns on the money
d)
The time she could spend surfing
8.
Olivia normally works after school on Mondays and Wednesdays. Which is her opportunity cost if she adds Tuesday and Thursday afternoons to her work schedule?
a)
The time she could spend studying
b)
The additional hours she spends at the job
c)
The new clothes she could buy
d)
The extra money she could earn
9.
Which statement describes how a command economic system determines what will be produced?
a)
Sporty Motors will produce a set number of automobiles each month that can be traded for tractor parts.
b)
Sporty Motors will produce more of the most popular model purchased in the past year.
c)
The government will allow Sporty Motors to keep all profits earned each month to promote economic growth.
d)
The leaders of the government will determine how many automobiles Sporty Motors produces each month.
10.
What type of economic system does the United States have?
a)
Traditional
b)
Free Market
c)
Command
d)
Mixed
11.
Which example describes a traditional economy?
a)
The employees of Pizza Giant are paid by the government each month.
b)
Bizzy Sweets produces gourmet cupcakes and trades its cupcakes for jeans produced by Belt Buckle Manufacturing.
c)
Hamburger King sells one million sandwiches each month and invests its profits in the stock market.
d)
Sweet Tooth and Tasty Treats advertise buy one get one free deals for all of its cookies.
12.
An economy in which communities use simple tools and methods to harvest and hunt for food often results in little economic growth.
a)
Command
b)
Free Market
c)
Mixed
d)
Traditional
13.
Rivalry between producers of a good or service results in better quality goods and services at a lower price. This is called ___________.
a)
free market
b)
competition
c)
profit
d)
consumer sovereignty
14.
Henry has a lemonade stand. He earned $10. He spent $9 on supplies. What is the remaining $1?
a)
Credit
b)
Profit
c)
Interest
d)
Dividends
15.
How does competition help consumers?
a)
More items at higher prices
b)
More stores carry the same items
c)
Determines the amount of profit
d)
Determines quality and pricing expectations
16.
"I am pleased to announce that I will be running for Mayor in the upcoming election." - Mrs. Jones
One way for Mrs. Jones to gain this office is to be elected by ___________.
One way for Mrs. Jones to gain this office is to be elected by ___________.
a)
members of the Governor's cabinet
b)
legislative representatives of the county
c)
members of the General Assembly
d)
registered voters of the city
17.
Ordinance 617 states that smoking is hereby banned in all public buildings.
The local government in Virginia most likely created this law in order to ____________.
The local government in Virginia most likely created this law in order to ____________.
a)
promote public health
b)
support federal laws
c)
protect consumer rights
d)
regulate land use
18.
General Assembly - 8 am
District Court - 9 am
Board of Supervisors - 10 am
Governor - 11 am
Which meeting would a person attend to hear only legislation concerning the local county?
District Court - 9 am
Board of Supervisors - 10 am
Governor - 11 am
Which meeting would a person attend to hear only legislation concerning the local county?
a)
8 am
b)
9 am
c)
10 am
d)
11 am
19.
Person A. "End the National Income Tax"
Person B. "End Foreign Trade Taxes"
Person C. "Better After-School Programs"
Person D. "Raise Age Requirements for Voters"
Which person has the best chance of influencing local legislation?
Person B. "End Foreign Trade Taxes"
Person C. "Better After-School Programs"
Person D. "Raise Age Requirements for Voters"
Which person has the best chance of influencing local legislation?
a)
A
b)
B
c)
C
d)
D
20.
The powers of local Virginia governments are granted directly by the ____________.
a)
Virginia Circuit Court
b)
Constitution of Virginia
c)
United States Attorney General
d)
Constitution of the United States
21.
"Dear Representative Shelby, I represent the Verne County Historic Preservation Society. Please consider voting in favor of Proposition 118 which will ensure the protection of historic sites in Verne County. Sincerely, Ellis Frankwell"
This letter is an example of ____________.
This letter is an example of ____________.
a)
demonstrating
b)
lobbying
c)
policy*making
d)
campaigning
22.
Which action is an example of political lobbying?
a)
The governor gives special advice to legislative members.
b)
A mayoral candidate holds a campaign rally for registered voters.
c)
The local newspaper exposes corrupt practices in election campaigns.
d)
A health group asks legislators to pass tougher antipollution laws.
23.
Local governments preparing a response for an international health crisis would most likely __________.
a)
end visits by international travelers
b)
develop a public safety plan for the city
c)
shut down international airline flights
d)
ask the military to police the city
24.
A person is accused of committing a felony. The trial takes place in front of a judge and jury.
In which court will this case first be tried?
In which court will this case first be tried?
a)
Court of Appeals in Virginia
b)
Circuit Court
c)
General District Court
d)
Virginia Supreme Court
25.
1st Floor
General District Court
2nd Floor
Circuit Court
3rd Floor
Court of Appeals
4th Floor
Virginia Supreme Court
Which floor would a teenager go to for misdemeanor charges?
General District Court
2nd Floor
Circuit Court
3rd Floor
Court of Appeals
4th Floor
Virginia Supreme Court
Which floor would a teenager go to for misdemeanor charges?
a)
1st
b)
2nd
c)
3rd
d)
4th
26.
"State Supreme Court Rules Against City---
Restrictions on public meetings said to be unconstitutional."
Which legal process does this headline describe?
Restrictions on public meetings said to be unconstitutional."
Which legal process does this headline describe?
a)
Legislative proceeding
b)
Civil trial
c)
Judicial review
d)
Criminal prosecution
27.
State Criminal Court Notice of Arraignment
Defendant: Cyrus Phillippe
Attorney: Hilda Oskray
Date: September 18
Time: 9:00 am
Which action is most likely to occur at this event?
Defendant: Cyrus Phillippe
Attorney: Hilda Oskray
Date: September 18
Time: 9:00 am
Which action is most likely to occur at this event?
a)
Entering of a plea
b)
Filing of an appeal
c)
Reading of a verdict
d)
Selection of a jury
28.
In a criminal case, a jury determines ____________.
a)
how much money one person needs to pay another person
b)
whether someone is guilty of breaking the law
c)
the best way to settle a disagreement between two people
d)
whether a person's plea deal can be accepted
29.
Miranda v. Arizona
Ernesto Miranda had confessed to a crime during police questioning without knowing he had a right to have an attorney present. Miranda was convicted. The Supreme Court overturned the conviction, ruling that criminal suspects must be warned of their rights before they are questioned by police.
Which amendment led to this decision?
Ernesto Miranda had confessed to a crime during police questioning without knowing he had a right to have an attorney present. Miranda was convicted. The Supreme Court overturned the conviction, ruling that criminal suspects must be warned of their rights before they are questioned by police.
Which amendment led to this decision?
a)
5th
b)
8th
c)
13th
d)
16th
30.
The Daily News
"Senate Approves Presidential Appointment"
This headline illustrates a power of which branch of government?
"Senate Approves Presidential Appointment"
This headline illustrates a power of which branch of government?
a)
State executive
b)
State legislative
c)
Federal legislative
d)
Federal judicial
31.
Which level of government can declare war on foreign nations?
a)
City
b)
State
c)
County
d)
Federal
32.
"In the news today, a judge has been appointed to the United States Circuit Court of Appeals."
This announcement is referring to powers belonging to the ____________.
This announcement is referring to powers belonging to the ____________.
a)
executive branch of a state government
b)
executive branch of the national government
c)
legislative branch of a state government
d)
legislative branch of the national government
33.
LEGISLATIVE BILL-PRESIDENTIAL VETO!!
This action is one way the president can influence ______________.
This action is one way the president can influence ______________.
a)
judicial review
b)
foreign affairs
c)
international trade
d)
national policies
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