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WorksheetsCivics SOL Review Part 4 (CE.11-13)
Total questions: 15
Worksheet time: 11mins
Which person would most likely be considered an entrepreneur?
Travis works as a mechanic at a car dealership
Jose took a risk to make a profit from home storage units
Emma sells cellular devices for a national company.
Ming teaches math in a public high school
There are four types of economic systems. Most economies are _____.
Traditional
Command
Market
Mixed
"Households receive money (payments) for the labor." Which label on the circular flow best describes this?
Expenditures
revenue
Income
none of the above
CE 13c
This candidate supports the removal of-
Business
regulations
Pollution controls
Import tariffs
Income taxes
CE 13d
This cartoon shows that the Federal Reserve System is-
The federal government's bank
Responsible for legislative purchases
The federal government's tax collector
Accountable for legislative actions
CE 13d
A goal of the Federal Reserve System is to-
Set the tax rate
Maintain the value of currency
Keep the inflation rate high
Give tax money to the government
CE 13f
What is the best title for the diagram?
Stocks and Bonds
Public Goods
Money
Barter System
In 1978, two friends decided to take a risk and open an ice cream business in Vermont. What type of business ownership did Ben & Jerry’s start out as?
Proprietorship
Partnership
Corporation
Competition
Select ALL of the ways governments pay for public goods and services.
Taxes
Borrowing
Fees
Donations
Fines
