WFES 5th Social Studies Pre-Test A Economics

1.

1 point

______ were created to protect the natural rights of liberty and property including freedoms of speech, press, assembly, and free association as well as the right to bear arms.

Policies

Armies

Charters

Amendments

2.

1 point

The Bill of Rights consists of how many amendments to the Constitution?

10

2

8

12

3.

1 point

Banks provide services in many areas that deal with an individual's money. What impact does a savings account have on an individual's money?

Interest is paid on money in a savings account.

The government takes interest away each time a savings account is opened.

Savings accounts stopped being offered after WWII

Loans are given out to only those individuals who have a savings or checking account.

4.

1 point

Which of the following is an example of economics?

The United Stated declared its independence from Great Britain.

The United States buys oil for use at home from other countries.

The government is divided into 3 branches.

The people of the United States come from many different places.

5.

1 point

Trade is the exchange of goods and services. International trade sometimes involves the use of tariffs. Tariffs are

goods shipped to a country.

goods shipped from a country.

tax on exports.

tax on imports.

6.

1 point

A factory makes 100 cars a day. They sell quickly, and dealers have lists of people wanting to buy the car. The factory owner decides to hire more workers and make 150 cars a day. This is an example of

mechanization

Supply and Demand

buying and bartering

specialization

7.

1 point

One of the most important rights and privileges for United State's citizens is voting. How could voting lead to political change?

Voting keeps the same people in office for life.

Voting ensures that people belong to a political party.

Voting leads to putting new and different people in office.

Voting raises money for the government.

8.

1 point

The law of supply and demand is very important in economics. Which of the following correctly describes supply and demand?

Producers will make what consumers demand.

Suppliers will make whatever they decide to.

Investors will put money into any business.

Consumers will buy whatever is produced.

9.

1 point

Voting is an important right because

it makes people pay taxes.

people under 18 can vote.

citizens help choose their government leaders.

even people who are not citizens can vote.

10.

1 point

What is the Constitution?

Supreme law of the land

Book of rules for Virginia

Policies for voting

List of directions