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WFES 5th Social Studies Pre-Test A Economics
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What is the Constitution?
List of directions
Supreme law of the land
Policies for voting
Book of rules for Virginia
Voting is an important right because
people under 18 can vote.
even people who are not citizens can vote.
it makes people pay taxes.
citizens help choose their government leaders.
The law of supply and demand is very important in economics. Which of the following correctly describes supply and demand?
Investors will put money into any business.
Producers will make what consumers demand.
Suppliers will make whatever they decide to.
Consumers will buy whatever is produced.
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 raises money for the government.
Voting leads to putting new and different people in office.
Voting ensures that people belong to a political party.
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
Supply and Demand
buying and bartering
Trade is the exchange of goods and services. International trade sometimes involves the use of tariffs. Tariffs are
tax on exports.
goods shipped to a country.
goods shipped from a country.
tax on imports.
Which of the following is an example of economics?
The government is divided into 3 branches.
The United States buys oil for use at home from other countries.
The United Stated declared its independence from Great Britain.
The people of the United States come from many different places.
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.
Loans are given out to only those individuals who have a savings or checking account.
The government takes interest away each time a savings account is opened.
Savings accounts stopped being offered after WWII
The Bill of Rights consists of how many amendments to the Constitution?
______ 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.
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