Student Created Practice Questions

Disclaimer: These are student created questions with only limited edits by the teacher. The vast majority questions appear as they were submitted to the teacher. The teacher only made minor corrections to avoid student confusion.

1. Who is elected by electoral college?A. President B. HOR C. Senate D. Supreme Court

2. Why are Supreme Court justices appointed for life terms?A. Uphold Popular Sovereignty B. Because that's how they like itC. Ensure Judicial independenceD. None of the above

3. What is not a reason why free markets are efficient at allocating resources?A. People make money off their business only if they are fulfilling a need B. Consumers and producers can compete for the best prices C. It's a zero sum scenario D. The prices convey realities

4. What often happens when patents expire?A. Prices rise significantly B. Prices drop significantly C. Price doesn't change D. A monopoly is formed

5. What is the difference between deficit spending and debt?A. Deficit spending is when annual spending is greater than annual revenue B. Debt is measured annually while Deficit spending is the accumulation of debt. C. Debt is the accumulation of years of deficit spending D. They are the same

6. Who raises money for candidates? A. Political parties B. Interest groupsC. Both D. Neither

7. How many candidates do interest groups support during an election? A. One B. Multiple C. None

8. Who nominates candidates? A. Political parties B. Interest groups C. Both D. Neither

9. Match the Principle with the Correct defination 1.) Popular sovereignty - C2.) Limited government- A3.) Federalism- D4.) Separation of powers and checks and balances- B

A. Minimal government interventionB. Each branch of the government checks the otherC. Power belongs to people and those that governD. Division of power: national, state, and local

10. Who makes the laws?A. JudicialB. Executive C. Legislative

11. What majority is needed to pass a bill in the House of Representative?A. 2/3B. 3/4C. 51%D. 33%

12. What is one way does the judicial branch check both the executive and legislative branches?A. Judicial reviewB. 2/3 overrideC. Impeachment powerD. Executive order

13. How does the executive branch check the judicial and legislative branches?A. Calls special sessionsB. VetoC. Appoints justicesD. All of the above

14. Which one is NOT a United States voting requirement?A. Must be at least 18 years oldB. Must be a citizenC. Must be a registered party memberD. Must have no felonies

15. What must you do as a citizen of the United States?A. VoteB. know your rightsC. Purchase goodsD. Obey the law

16. Which country has a mixed market economy in place? A. North KoreaB. United statesC. CubaD. The former Soviet Union

17. The American economy is best described as...A. Free marketB. Command economicC. Mixed marketD. Traditional economy

18. What is an example of scarcity?A. Not having enough money to pay for dinnerB the gas station running out of fuelC. Not enough food at dinner partyD. All of the above

19. Assuming that watching TV and Studying for the AGES exam are your top two choices. What is the opportunity cost of watching TV? A. The time you could have spent studyingB. The potential you have to do well on a testC. Working at StarbucksD. none of the above

20. What is not an example of a trade-off?A. spending your allowance on a new pair of shoesB. Staying in on the weekend to studyC. WorkingD. All of the above

21. According to Keynes, in which stage of the business cycle should the government increase spending to reach full employment? A. ExpansionB. TroughC. RecessionD. Peak

22. How do producers compete with each other? A. Lower price of product B. Improve the product and lower production costC all of the aboveD. Increase employees salary

23. Where does power of gov’t originate In the constitution?A. The people B presidentC congressD. Military

24. The original dilemma is best described as.... A. Authority vs libertyB authority vs equalityC. Tradition vs equalityD. Equality vs liberty

25. What is the modern dilemma?A. Checks vs balancesB. People vs presidencyC. Equality vs freedomD. Justice vs liberty

26. Which of the following is a function of political parties?A. Serving as a watchdog against other partyB. Nominating candidateC raising campaign fundsD. All of the above

27. In a prisoners dilemma, which action will create the best outcome for each party?A. Both acting on self-interestB. One acting on self-interestC. Both working togetherD. None of the above

28. Which of the following is a check against the judicial branch? A. Congress appoints justicesB. Super majority to override judicial decisions by congressC. Creation of amendments to the constitutionD. Presidential authorities to relieve justices of duties

29. Which of the following does not occur in the amendment process? A. 51 % Congressional Approval B. President approvesC. 2/3 Proposal from CongressD. ¾ States Ratify

30. Which is an example of an unwritten power? A. Congress overriding presidential vetoB. Judicial reviewC. Right to remain silentD. Amending constitution

31. What determines the size and boundaries of a district? A. All districts are of equal sizeB. Boundaries are voted onC. Population D. Natural boundaries (rivers, mountains, etc.)

32. Which of the following cases ruled in favor of the students? A. Brown versus BoardB. Tinker versus Des MoinesC. Abington versus SchempD. All of the above

33. Which case ruled that anti-abortion laws are unconstitutional? A. Brown versus BoardB. Tinker versus Des MoinesC. Abington versus SchempD. Roe versus Wade

34. Which is of these is an example inflation? A. A rapid decrease in priceB. Two consecutive quarters of decreasing GDPC. Increase in purchasing power of moneyD. Decrease in purchasing power if money

35. Match the description to the correct amendment.

1. First- G2. Second- C3. Fourth- I4. Fifth- A5. Sixth- D6. Seventh- H7. Eighth- E8. Tenth- B9. Fourteenth- F

A. Right to due processB. Reserved PowersC. Right to bear armsD. Rights of the accusedE. Free from cruel and unusual punishmentF. Second Bill of RightsG. Freedom of expressionH. Right to trial by juryI. Freedom from unreasonable search and seizures

36. The Law of Demand describes a(n) ______ relationship between Price and Quantity demanded.

A. EqualB. InverseC. DirectD. Indirect

37. "Your satisfaction for a product lessens with each additional use" explains the concept of...

A. Diminishing Marginal CostB. Diminishing Marginal BenefitC. Diminishing Marginal UtilityD. Marginal Cost

38. Change in taste, income, and market size are all examples of...

A. EquilibriumB. DisequilibriumC. Demand ShiftersD. Supply Shifters

39. Which of the following would shift supply to the left?

A. Future expectation of lower pricesB. increase subsides for the that productC. increasing Resource Costs of that productD. decrease price of an alternative product

40. A surplus will occur in which situation? A. Quantity supplied is less than the quantity demanded B. Quantity supplied is greater than the quantity demanded

C. Quantity supplied is equal to the quantity demanded

41. Which of the following does NOT shift the supply curve?a. resource costb. increase in product’s price c. price on related goodsd. subsidese. technology improvements

42. taxes, subsides, and resource costs are all examples of...a. equilibriumb. disequilibriumc. demand shiftersd. supply shifters

43. The result of a price floor is... (circle all that apply)a. Quantity supplied exceeds Quantity demandedb. shortagesc. when Quantity supplied is less than Quantity demandedd. surpluses

44. Which of the following is an example of a price ceiling?a. rent controlb. minimum wagec. cigarette pricesd. prices on agricultural products

45. Which of the following is an example of maintaining a legal and social framework?a. regulation of contractsb. creating lawsc. establishing a money system

46. Which of the following is not a major reason why the government taxes? A. Pay off the national debt B. Funding for public goods and services C. Paying off the loans of individuals

D. Build up revenue for the government

47. Public goods, monopolies, and externalities are all examples of...a. tragedy of the commonsb. zero sum gamesc. market failured. marginal benefit

48. When an industry generates air pollution, the air pollution is an example of:a. Marginal benefit b. Tragedy of the commons c. External cost d. Prisoner's dilemma

49. What happens to the GDP do during a recession?A increasesB decreasesC stays the same D none of the above

50. What happens to the inflation rates during an expansionA IncreasesB DecreasesC Has no effect on inflationD Stays the same

51. When inflation rates are at their lowest and begin to rise what part of the business cycle are we in?

A ExpansionB RecessionC. TroughD Peak

52. How many periods of decline does it take for economist to claim that we are in a recession?A two consecutive quartersB six monthsC one yearD A and B

53. Who controls the fiscal policy?A The Federal ReserveB CongressC The executive branchD Big businesses

54. What elements of the GDP are directly impacted fiscal policy?

i Consumer spendingii Government spendingiii. Business investmentsiv. Net exports

A.iii onlyB.i and ii C.i onlyD.iv and i

55. According to Keynesians, to increase Aggregate Demand what is the proper monetary policy during a recession?

A Increase money supplyB Decrease money supply C Keep it the sameD None of the above

56. Who determines monetary policy?A The Federal Reserve B CongressC ConsumersD Businesses

57. Which of the following is a way that government raises revenue?A TaxingB. BorrowingC stealingD a and b

58. What term refers to a situation when members of Congress earmark national money for local projects in their district?

A Porkbarrel B Laundering moneyC SwindlingD All of the above

59. Which of the following is something that interest groups do NOT do?A Nominate a candidateB.Donate moneyC Support multiple candidatesD Advertise for candidates

60. What type of market does the American economy represent?A. Free MarketB. Command Economy C. Direct MarketD. Mixed Market

61. What is the purpose of market regulations?A. To control gas pricesB. To maintain balance between demand and supplyC. To make sure people follow the lawsD. To have have the best businesses allocate resources

62. Price floors lead to _______ , and price ceilings lead to _______.

A. Surplus, ScarcityB. Scarcity, ShortageC. Surplus, ShortageD. Shortage, Surplus

63. Circle all of the reasons why does the government tax?

A. To change behaviorB. To redistribute wealthC. To pay off the debtD. To raise revenue

64. Which government tactic is used to maintain competition?

A. PatentsB. Public GoodsC. TaxD. None of the above

65. What makes a market failure?

A. Because of the market supply and demand don’t reach equilibriumB. When the Quantity Demanded equals Quantity SuppliedC. When government policy prevents equilibriumD. Business hits a recession

66. What is NOT an example of an external cost?

A. Buying a car that pollutes the airB. Second hand smokeC. Recycling PCP tube that emits more CO2 than if you had thrown it away D. Doylestown being leveled by a tornado

67. When GDP rises what usually happens to the unemployment rate?

A. increasesB. decreasesC. ConstantD. Stagflation

68. While in a recession, unemployment rises. What happens to inflation?

A. UpB. DownC. Both up or downD. Constant

69. Expansion follows what business cycle term?

A. PeakB. TroughC. RecessionD. Depression

70. The court case of Miranda vs. Arizona dealt with which amendment?

A. 1st AmendmentB. 5th AmendmentC. 14th AmendmentD. 6th Amendment

71. What type of market does the American economy represent?A. Free MarketB. Command Economy C. Direct MarketD. Mixed Market

72. What is the purpose of market regulations?

A. To control gas pricesB. To maintain balance between demand and supplyC. To make sure people follow the lawsD. To have the best businesses allocate resources

73.What is the difference between scarcity and shortage?

A. Scarcity refers to limited resources while a shortage is refers to a man-made situation where quantity demanded is greater than quantity supplied.B. There is no differenceC. Scarcity has an infinite amount of resources while a shortage depends on supplyD. Scarcity is limited while shortage is unlimited

74. What is the definition of utility?A. Utility is the balance between demand and supplyB. The state of being useful and measure of satisfactionC. A word to describe money flow in the economyD. The difference between costs and benefits

75. What is the correct definition of an entrepreneur?A. One who is born into wealthB. A middle class business manC. One who deals with the organization of an economy D. A person who organizes a business with great risks

76. Where does the power of the government come from?A. The presidentB. Supreme CourtC. The peopleD. The states

77. What is the modern dilemma?A. Equality vs LibertyB. Authority vs LibertyC. Equality vs AuthorityD. Liberty vs Rights

78. Who determines Fiscal Policy? A. The presidentB. The National GovernmentC. The federal reserveD. Congress

79. What part of the GDP will increasewithin Monetary Policy?A. G and CB. G, I and NEC. I and NED. C and NE

80. Why are PACs created?a. To spread the messageb. To protest opponentsc. To raise money for candidatesd. To pressure law makers

81. Who are hired by interest groups to influence and pressure lawmakers?a. PACsb. Lobbyists c. Candidatesd. Party members

82. What is judicial review? a. when legislative and executive branches check judicial branchb. judicial branch can declare laws unconstitutional c. Judicial Branch declares action by Executive and Legislative branch unconstitutional d. executive branch chooses judicial officers but legislative approves

83. Why are amendments rarely madea. the process is too long

b. the process is too difficultc. people are afraid to change the constitutiond. all of the above

84. who is the head of the executive branch?a. presidentb.senatec.supreme courtd.all of the above

85. How often is population recordeda.5yearsb.10 yearsc.16 yearsd. never

86. what amendment was questioned with the brown vs board casea.1b.4c.5d14

87. What is the purpose of a political party?a. put across both sides of the argumentb. get a candidate electedc. pass laws d. push only one specific idea or topic

88. What 2 principles have to do with the government being run by the people?

A. popular sovereignty and limited governmentB. popular sovereignty and federalismC. Limited government and federalismd. Separation of powers and federalism

89. What principle refers to a division of powers between the states and national government?

A. FederalismB. limited governmentC. Popular sovereigntyD. Limited government and popular sovereignty

90. Which is an example of checks and balances?

A. President can veto B. Supreme court judicial reviewC. Congress approves appointmentsB. All of the Above

91. How does inflation impact people?A. Inflation reduces the purchasing power of their moneyB. People who save money are better offC. People can purchase moreD. People can spend less time working

92. Where do money bills start?

a) House of Repb) Senatec) Presidentd) None

93. Why is there a separation of powers within our government?

a) to create more jobsb) it gets less donec) so that none of the branches have absolute powerd) people were afraid of confederacy

94, What determines district size?a) land massb) population

c) productiond) tax revenue

95. Which court case desegregated schools?

a) Tinker vs Des Moinesb) Roe Vs Wadec) Brown vs Board of educationd) Abington vs Schemp

96. How is the president elected?

a) HoRb) majority votec) electoral colleged) the president elects himself

97. How Long is the term for a Supreme Court justice?

a) lifeb)12 yearsc) 7 yearsd) 4.3 months

98. How was the Senate originally elected?

a) government b) peoplec) state legislaturesd) president

99. How does the government fulfill its role in maintaining a legal and social framework?

a) regulating natural monopolies b) create laws and provide courts that enforce contracts

c) creating taxes

100. Why does the government tax?a) redistribute income b) Improve standards of livingc) create a monetary system

101. Which of the following is an example of market failure:a) bank failureb) minimum wagec) external cost and benefits d) fiscal policy

102. At what point during the business cycle is GDP at its highest, Unemployment is at its lowest, and inflation rate is at its highest?a) recessionb) troughc) peakd) expansion

103. At what point during the business cycle is GDP at its lowest, Unemployment is at its highest, and inflation rate is at its lowest?a) recessionb) troughc) peakd) expansion

104. What happens to unemployment do in a recession?a) increasing b) decreasingc) neutrald) none of the above

105. What is popular sovereignty?A. Gives the people power B. dividing up powers between statesC. Enforces the law passed by congress

D. Know what branch is more powerful than the other

106. What's limits government’s power?A. A state of limited competitionB. exclusive possession/ control of the supply tradeC. Constitution D. No new laws introduced to government.

107. What is the role of the executive branch?A. Enforces law passed by congress B. enforces people's rightsC. Passes amendmentsD. Assures laws are constitutional

108. Who determines fiscal policy?A. CongressB. PresidentC. Supreme CourtD. Federal reserve

109. Who determines monetary policy?A. CongressB. PresidentC. Supreme CourtD. Federal reserve

110. During a recession, the goal is to:A. Decrease GDPB. Increase unemploymentC. Increase GDP D. Decrease aggregate demand

111. How do you increase GDP using fiscal policy?A. Decrease government spendingB. Increase government spending C. Decrease money supply

D. Increase interest rates

112. How does government raise revenue?A. TaxationB. Borrowing C. Regulates and mandates D. All of the above

113. What is deficit spending?A. Annual spending exceeds annual revenue B. Quarterly spending exceeds quarterly revenueC. Accumulation of years of debtD. Revenue is greater than spending

114. What does inflation do?A. Money gains valueB. Money loses purchasing powerC. Lowers prices D. Lower interest rates

115. What is the main goal of political parties?A. To shape public policyB. Allocate money to a specific useC. To get their reps elected into public office D. Influence politicians

116. What is mudslinging? a) a politician criticizing a composing politicians actionsb) redistributing landc) slinging mud on another persond) congress

117. What must a consumer always do? a) follow through with contracts b) nothing c) buy something d) gather enough information to make a wise choice

118. What must YOU do in society a) nothing b) follow laws c) voted) be informed

119) Which is the free market method to better ensure lower prices?

A Government mandates and quotas B - price ceilingsC - competitionD - subsidies

120) what is equilibrium?

A - supply > demand B - demand > supply C - supply = demandD - there is no supply

121) When Prices drop what happens?

A – The Quantity Supplied increase B – The Quantity Supplied decreases C – There will be no change to the Quantity suppliedD – The Quantity Demanded will decrease

122) When Price drops what happens?

A. The Quantity Demanded increasesB. The Quantity Demanded decreasesC. There will be no change to the Quantity demanded

D. The Quantity Supplied will increase

123) Why are price controls inefficient?

A - lower price B - cause shortages and surplusC - making sure workers get money

124) What's a price floor?

A - Makes the price doesn't rise too farB - makes the price doesn't lower below a specific pre-determined pointC - they don't helpD - they make the market work

125. What percentage of the states has to approve an amendment?a) 25% b) 50%c) 66%d) 75%e.) 100%

126. Which of the following is not a function of political parties?

a)to watch the other parties movesb) provide unbiased informationc) nominate a candidated)campaign

127. Which court case ruled that students do not leave their rights at the school doors?

a) tinker vs Des Moinesb) Abington vs Schempc) roe vs waded) brown vs board of education

128. Who appoints the Justices of the Supreme Court?a) presidentb) peoplec) congressd) appointed by lower courts

129. “measured satisfaction” defines..a) utility b) scarcity c) marginal analysis d) opportunity cost

130. America's economy is aa) market failure b) free market c) mixed market d) price control

131. What is the first stage of how a bill becomes a lawa) sent to committeeb) floor actionc) bill introduced d) conference committee

132. how is the senate elected?a) electoral college votesb) directly by the peoplec) State Legislaturesd) appointed by president

133. What are the benefits you could have received by taking an 2nd best alternative action called?

a. trade offs b. marginal analysis c. opportunity cost d. trade-offs

134. Total satisfaction received from consuming a good or service is defined as...

a. utility b. scarcityc. cost/benefitsd. trade-offs

135. Having unlimited wants but unlimited needs is a characteristic of...

a. trade-offsb. utilityc. marginal analysisd. scarcity

136. Which system in the free market shows the important relationship between capital inputs and outputs?

a. cost/benefitsb. profit/loss c. free market

137. Which statement is not mentioned in the preamble?

a. form a more perfect unionb. establish justicec. provide for the common defense d. offer education for every person

140. According to the original dilemma, why must we sacrifice some liberties?

a. to be able to vote b. to have protection provided by the government c. to have a military d. to establish justice

141. The modern dilemma is..

a. giving up liberty for protecting b. price allocating the marketc. economic freedom vs. economic equality d. states power vs national government