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WorksheetsJayden Harrell - Vidal
Total questions: 92
Worksheet time: 1hrs 6mins
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Which amendment defines citizenship?
22nd
1st
14th
18th
How does the Fourteenth Amendment define citizenship?
All persons born or naturalized in the U.S. are citizens of the U.S.
Only people born in the U.S. are citizens of the U.S.
All persons who apply for citizenship are citizens of the U.S.
Which is a requirement for a person to become a naturalized U.S. citizen?
Have a job
Passing a U.S. History and Civics exam
High school diploma
Join the military
What is Naturalization?
The process of naturally eating healthy
Becoming one with nature
The process of becoming a U.S. citizen
Allowing nature to grow
Which of these is a duty/obligation-- if not done, there are legal consequences?
Be informed
Vote
Serving in the selective service (military), if called
Respecting others opinions
Duties of citizenship are
Optional
Required & Necessary
Voluntary
Standards
There are 6 requirements to become a citizen through the naturalization process. Which is NOT one?
At least 18 years old
A legal resident of the US for 3-5 years
Be of good moral characted
Be employed by an American corporation
Pass a naturalization test (read, write, and speak English, and pass the Civics test)
Paying Taxes
Voting
A is an individual with certain rights and duties under a government and who, by birth or by choice, owes allegiance to that government.
immigrant
citizen
alien
none of these
What are the two ways of obtaining citizenship in the United States?
Sign an official document and vote
Birth and naturally
Birth and naturalization
Birth and death
Immigration and naturalization, particularly in the 20th century, have led to _____.
an increasingly diverse society.
an increasingly wealthy society.
an increasingly poor society.
an increasingly entitled society.
Freedom of speech does not give an individual the right to shout "Fire" in a crowded movie theater. Few rights, if any, are _______.
guaranteed.
protected.
absolute.
needed.
Choose all of the statements that are TRUE regarding scarcity.
(Select all answers that apply.)
We have unlimited wants, but our resources are limited.
The goods and services we want exceed our ability to produce them.
Scarcity forces consumers, producers, and governments to make difficult choices.
Scarcity is defined as the ability to satisfy all wants at the same time. All resources and goods are unlimited.
Resources are factors of production that are used in the production of goods and services. Select all examples of resources.
production
capital
supply
natural
human
Which term below is a selection of an item or action from a set of possible alternatives?
opportunity cost
choice
production
consumption
Which term below is what is given up when a choice is made (the second-best alternative)?
opportunity cost
choice
production
consumption
Which term below is the using of goods and services?
opportunity cost
choice
production
consumption
Which term below is the combining of human, natural, capital, and entrepreneurship resources to make goods or provide services?
opportunity cost
choice
production
consumption
How do producers determine what will be produced?
They pay attention to consumer preferences and available resources.
They produce only what the government suggests they produce.
They roll the dice and hope for the best.
Consumer _____ and ____ determine what is purchased and consumed.
supply and demand
income and services
preference and price
What are the three basic questions of economics? (Select 3.)
How will it be produced?
When will it be produced?
Why will it be produced?
For whom will it be produced?
What will be produced?
Which of the following statements are TRUE regarding a traditional economy?
(Select 2.)
Economic decisions are based on supply and demand.
Economic decisions are based on custom and historical precedent.
People often perform the same type of work as their parents and grandparents, regardless of ability or potential.
People choose their careers based on skills and preferences.
Which of the following are characteristics of a
free market economy?
(Select all answers that apply.)
private ownership of property and resources
profit motive and competition
consumer sovereignty and individual choice
lack of consumer choice
minimal government involvement in the economy
Which of the following are characteristics of a
command economy?
(Select all answers that apply.)
profit motive
consumer choice
central ownership of property and resources
centrally-planned economy with little consumer choice
competition
Which of the following are characteristics of a
mixed economy?
(Select all answers that apply.)
In the private sector, individuals and businesses are the owners and decision makers.
In the public sector, individuals and businesses are the owners and decision makers.
In the public sector, the government is the owner and decision maker.
Most economies today, including the U.S. economy, are mixed economies.
In the private sector, the government is the owner and decision maker.
In a mixed economy, which sector operates like a command economy?
public
private
both public and private
In a mixed economy, which sector operates like a free market economy?
public
private
both public and private
The key factor in determining the type of economy a country has is...
the amount of resources owned by the country.
the supply and demand of the consumers.
the price of goods and services.
the extent of government involvement in the economy.
A consumer is like a king. What consumers want, businesses produce. What is the term for "consumer is king"?
consumer poverty
consumer sovereignty
profit motive
consumption
Bob decides to attend college instead of entering the work force right out of high school. He is hoping to increase his future earning power, and in return, is giving up the immediate income and experience of starting work immediately. What is Bob's opportunity cost in this scenario?
immediate income and experience
future earning power
four years of his life
Which type of resource is the person who has the ideas for new businesses?
natural
human
capital
entrepreneurship
Which type of resource is tools, equipment, and investment money?
natural
human
capital
entrepreneurship
The buying and selling of goods and services by all nations in a worldwide market is called -
globalization
NAFTA
Interdependence
Megalopolis
What is one way to lower the cost of production?
Hire additional workers
Offer discount prices
Use more resources
Create new technologies
Dan has $5,000. He wants to invest his money in the type of business that has the least amount of risk. In which type of business should he invest?
Proprietorship
Corporation
Partnership
Battleship
Which type of business organization can act as one legal entity regardless of its number of owners?
Entreneurship
Proprietorship
Corporation
Partnership
Some of the profits a business makes are often used to buy more -
interest
taxes
resources
goods and services
In the U.S. economy, what do businesses buy from consumers?
Resources (land, labor, etc)
Interest
Taxes
Goods and services
True or False: Consumer sovereignty means consumers determine through purchases what goods and services will be produced.
True
False
The U.S. economy is a __________ economy.
Traditional
Free Market
Command
Mixed
Who am I?
1)This is the point where supply and demand meet. 2)Everyone who wants to sell at that price can sell. 3)Everyone who wants to buy at that price can buy
The Price of Equal Supply and Demand
Best Price
Right Price
Equilibrium Price
Which description about entrepreneurs is INCORRECT?
They take a risk to produce and sell goods and services in search of profit
They don't foster technological progress and economic growth
They can establish a business according to any of the three types of organizational structures (proprietorship, partnership, corporation)
They create new jobs
Who uses tax revenue to provide public goods and services?
Government
Households (Individuals)
Businesses
Corporations
The use of technology can help lower the cost of production.
True
False
The law of demand: Consumers will buy less of a good or services at low prices and more at high prices.
True
False
The law of supply: Producers will produce more when they can sell at high prices and will produce less when they can sell at a low price.
True
False
Competition means the customers will get better-quality goods and services at lower prices.
True
False
The government enforces antitrust laws in order to --
create private services
create government services
promote monopolies
promote competition
The acronym EPA represents the —
Environmental Protection Agency
Energy Protection Agency
Environmental Permission Agency
Energy and Petroleum Agency
The acronym FCC refers to the —
Federal Communications Commission
Federal Contract Commission
Federal Corporate Contacts
Federal Commerce Committee
Products and services that are used by everyone and are provided by the government are called -
public goods
public policy
private policy
private property
What is the payment made by individuals and corporations based on income received called?
revenue tax
stealing
income tax
tuition
The government pays for public goods and services through.-
revenue from the lottery
donations from foreign nations
donations from wealthy politicians
revenue from sales and income taxes
When the government lowers taxes --
national resources are depleted
consumers have more money to spend
national wealth decreases
international trade decreases
Increased government borrowing --
reduces money available for individuals to borrow
increases money available for individuals to borrow
What is another name for Federal Reserve notes?
services
currency
savings
checking
The Federal Reserve --
Market across the globe
a tax levied on buildings and land
Federal Trade Commission
the central banking system of the United States
All of the following are types of money used in the United States EXCEPT --
accessible bank deposits
Federal Reserve bank
currency
coins
Which character trait would not be desirable to a potential employer?
carefree
independent
multi skilled
versatile
Career planning starts with --
job training
volunteering
interviews
self-assessment
