Final Civics Quiz

1. If there is not enough product to meet demand then it is experiencing a what?

Surplus

Shortage

Summons

Subpoena

2. What is the difference between currency and legal tender?

There is no difference

Legal tender is only for our country

Currency doesn't exist

Legal tender is what the government recognizes as currency

3. What is needed to find an equilibrium point?

Federalists and anti-federalists

Supply and demand curves

Businesses and households

Wages and salary

4. What is the major difference between a tight money policy and a loose money policy?

Loose money keeps the banks from loaning out money

Tight money policy puts dollars in tighter bundles

Tight money policy keeps banks from giving out as many loans

Loose lets only government officials get loans

5. What countries are involved in NAFTA?

USA, Mexico, England

Mexico, Panama, USA

Canada, USA, France

USA, Canada, Mexico

6. Who controls the factors of production in a command market?

Consumers

Government

Individual business owners

The USA

7. When production is broken into smaller portions this is called?

Specialization

Checks and balances

Division of labor

Assembly lines

8. What did Marbury vs. Madison create?

Implied Powers

Elastic Clause

Judicial Review

Writ of Habeas Corpus

9. Who was left out of the 15th amendment?

Black men

Asian men

Women

Poor men

10. What amendment did Gideon vs. Wainwright expand?

4

5

6

7

11. What do partial owners of corporations have to purchase?

Stocks

Insurance

Limited liability

The business

12. What court case decided affirmative action programs were constitutional?

Swann vs. Charlotte Mecklenberg

Hazelwood vs. Kuhlmeier

Regents of UC vs. Bakke

Tinker vs. Des Moines

13. What amendment is most associated with Mapp vs. Ohio and New Jersey vs. TLO?

4

5

6

7

14. What could not be suspended during peacetime because of Korematsu vs. USA?

Bill of Attainder

Supremacy Clause

Judicial Review

Writ of Habeas Corpus

15. What amendment did Miranda vs. Arizona expand?

2

4

5

6

16. What type of economy is controlled by the consumer?

Consumer Market

Capitalism

Marxism

Command Market

17. What is the name of the interest rate charged by the FDIC called?

Interest Rates

Discount Rates

Disposable Rates

Personal Rates

18. According to the law of supply, what would happen to price if the supply were to decrease?

Increase

Increase then decrease

Decrease

Decrease then increase

19. Who sells the factor of production in the circular flow model?

Households/individuals