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Civics SOL Review 3
Test Description: This test is taken from the Virginia Released tests.
Instructions: Answer all questions to get your test result.
1) Newspaper Headline - NEWS - Alexander and Barnes to Run for Governor - What role is this newspaper playing in the election process?
A
Publishing editorials
B
Highlighting issues
C
Providing a forum for voters
D
Identifying candidates
2) Third parties differ from the two main political parties because third parties -
A
are often concerned with one issue
B
are older than the two main parties
C
have more official members
D
have more political experience
3) Which of the following is a function of political parties?
A
Protecting former Presidents
B
Appointing diplomatic officials
C
Electing Supreme Court justices
D
Nominating qualified candidates
4) What are the earnings a business has left after all its expenses have been paid?
A
taxes
B
profit
C
wages
D
capital
5) • Government control of property and resources • Lack of consumer choice -This list describes what type of economic system?
A
Command
B
Free market
C
Barter
D
Mixed
6) Who has the most influence in a free market economic system?
A
Producers
B
Consumers
C
Suppliers
D
Lawyers
7) Carlos would like to buy a new computer game. He also would like to see two movies, but does not have enough money to do everything. Carlos decides to go to the movies instead of buying the computer game. - What is the opportunity cost?
A
Value of the computer game
B
Time of buying the computer game
C
Enjoyment of seeing the movies
D
Price of the movie tickets
8) I am the only owner of my business. I take all the risks of doing business. I keep all of my profits - What kind of business is best described by these statements?
A
Corporation
B
Cooperative
C
Partnership
D
Proprietorship
9) An entrepreneur is a person who —
A
takes the risk of production to earn a profit
B
sets the interest rates at banks
C
enforces government regulations for business
D
manages financial investments
10) Tax money paid by businesses and individuals is used to provide —
A
company profits
B
natural resources
C
A private savings
D
public goods
*select an answer for all questions
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