WorksheetsSpring 2023 Government Review
Total questions: 58
Worksheet time: 29mins
The first two political parties in the US were the Federalists and the
Anti-Federalists.
National Republicans.
Democratic-Republicans.
Whigs.
A party's statement of its core beliefs and positions on issues is its
constitution.
platform.
plank.
policies.
The two main political parties in the US are the
Democrats.
Libertarians.
Republicans.
Socialists.
What does the Constitution say about political parties?
Parties should be regulated at the state level.
The federal government should approve any third parties.
Parties will lead to conflicts.
It does not mention them.
What is the purpose of a political party's national committee?
to make sure that the political machine is working smoothly
to nominate a presidential candidate
to raise money for presidential elections and organize the party's convention
to write laws and policies the party will support
A third-party candidate usually gets on a ballot by
getting enough voters to sign a petition.
a nomination by party leaders.
getting enough voters to write his/her name on the ballot.
winning a plurality in a primary.
To win a primary in most states, a candidate must receive a
ballot of recommendation.
petition from qualified voters.
majority of votes.
plurality of votes.
Which of the following is the main goal of US foreign policy?
protecting our country
maintaining a clean environment
protecting our country
NATO (North Atlantic Treaty Organization) promises mutual defense between the US and
Canada and some of Europe.
Canada and Mexico.
ALL of Europe.
Signing treaties, forming trade agreements, and providing foreign aid are examples of
the president's war powers.
tools to carry out foreign policy.
executive agreements.
Which of the following trade agreements formed the largest economy in the world?
APEC (Asia-Pacific Economic Cooperation)
EU (European Union)
USMCA (US-Mexico-Canada Agreement)
The only person who can order American troops into battle is the
House of Representatives
Senate
President
When a country has a comparative advantage, it can produce
more goods than another country.
something at a higher opportunity cost than another country.
something at a lower opportunity cost than another country.
When a country exports more than it imports, the country has a
strong currency.
trade deficit.
trade surplus.
Which of the following is the best example of the president acting as commander in chief?
The president orders American troops to invade another country.
The president awards medals to the country's heroes.
The president meets with senators to convince them to support a proposed law.
Protectionism often harms a country's economy because it
promotes greater competition.
increases consumer options.
raises prices of goods.
Scarcity affects the global community by
encouraging international trade.
creating quotas.
discouraging international trade.
What do developed nations usually buy from developing nations?
raw materials
medicines
manufactured goods
The main goal of the United Nations is to
support social progress.
fight poverty.
keep peace among member nations.
Non-Governmental Organizations usually depend on
volunteers and private donations.
government funding.
member nations' dues.
The United Nations body that deals with immediate threats is the
Security Council.
General Assembly.
International Court of Justice.
In response to the terrorist attacks on September 11, 2001, the US attacked
Pakistan.
Afghanistan.
Iran.
The Chinese government limiting access to information on the internet is an example of
torture.
genocide.
repression.
The main reason businesses in developed countries move their factories to developing countries is because
developing countries usually have higher economic growth.
developing countries usually have more highly skilled workers.
developing countries usually have lower labor costs.
During the Cold War, the US opposed the Soviet Union and other Eastern European countries that practiced
libertarianism.
communism.
fascism.
What type of resource is a factory building?
natural resource.
capital resource.
labor resource.
Since 2000, the biggest foreign policy challenge for the US has been
terrorism.
natural disasters.
human rights issues.
Scarcity is the basic economic problem because
all expensive goods cannot be shared equally.
all resources are limited but wants are unlimited.
nations must spend money for resources they do not have.
In which system are economic decisions based on price?
market
traditional
command
In the US, the way our nation answers the three economic questions is determined by
the goals and values that are important to citizens.
how other nations answer the questions.
the power that the government holds over businesses.
Which of the following is NOT a variable cost?
rent
electric bill
supplies
Giving up one alternative good/service for another is a/an
scarcity.
trade-off.
lost opportunity.
According to the rule of marginal analysis, one should continue producing a good/service until the
marginal cost is equal to the marginal revenue.
marginal cost is less than the marginal revenue.
total cost is equal to the total revenue.
When the price of a good is low,
people demand less of it.
people demand more of it.
people supply more of it.
When businesses decide among various projects, they utilize
profit-margin analysis.
benefit-cost analysis.
optional analysis.
On a graph, demand is shown as a/an
horizontal line.
upward sloping line.
downward sloping line.
To be efficient, markets must
have many competing buyers and sellers.
exist only on the internet.
limit the amount of products for sale.
What could cause the demand curve to shift to the right (increase)?
The demand for goods increases when incomes decrease.
The future price of laptops will cost $200 less than current prices.
Demand for cereal increases as the price of milk decreases.
Which of the following is an example of a natural resource?
wood
fence
house
Which best explains economics?
It is the financial well-being of a country.
It is the amount of goods and services a country produces.
It is the study of how people make decisions with limited resources.
What forces people and nations to make economic choices?
desire for profit
scarcity of resources
need for shelter
When "thinking like an economist," one should accept an option when
there are no costs.
the benefits outweigh the costs.
the costs outweigh the benefits.
In the US, prices are established primarily through
the forces of supply and demand.
the decisions of major corporations (large businesses).
tax incentives.
When comparing the economic activity of countries, why is GDP per capita a better measure than GDP?
It tells how many goods and services a nation produces.
It states GDP in output per person in a country.
It tells how many rich people live in a country.
Which of the following is an example of a service?
a hair cut
a book
Mrs. Brindell's highlighters
When comparing the economic activity of countries, why is GDP per capita a better measure than GDP?
It states GDP in output per person in a country.
It tells how many rich people live in a country.
It tells how many goods and services a nation produces.
Who of the following is an entrepreneur?
a restaurant owner
a waiter
a chef
Who makes most of the economic decisions in the US?
federal government
state governments
citizens
The feature of the free enterprise system that allows US businesses to adapt to changing economic conditions is
profit motive.
competition.
economic freedom.
When a country's GDP increases, the
standard of living is declining.
country is experiencing economic decline.
country is experiencing economic growth.
Breaking a job into smaller, more manageable tasks is
division of labor.
productivity.
specialization.
The measure of how efficiently resources are used to create products is
division of labor.
productivity.
specialization.
Concentrating on the goods/services produced most efficiently is
division of labor.
productivity.
specialization.
Who wrote Wealth of Nations?
Adam Smith
Alexander Hamilton
George Washington
Where are PRODUCTS (made by producers) bought and sold?
factor market
product market
Where are FACTORS of production (natural, labor, capital) bought and sold?
factor market
product market
What/who are the two main participants in the circular flow of economics?
businesses and government
consumers and businesses
consumers and government
How do governments get most of the money they need to operate?
They collect taxes and borrow money.
They charge fees for goods and services.
They sell goods in the factor market.
