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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
Providing a forum for voters
B
Publishing editorials
C
Identifying candidates
D
Highlighting issues
2) Third parties differ from the two main political parties because third parties -
A
have more political experience
B
have more official members
C
are often concerned with one issue
D
are older than the two main parties
3) Which of the following is a function of political parties?
A
Electing Supreme Court justices
B
Nominating qualified candidates
C
Appointing diplomatic officials
D
Protecting former Presidents
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
Barter
B
Command
C
Free market
D
Mixed
6) Who has the most influence in a free market economic system?
A
Producers
B
Suppliers
C
Consumers
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
Enjoyment of seeing the movies
B
Time of buying the computer game
C
Value of the computer game
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
Cooperative
B
Proprietorship
C
Partnership
D
Corporation
9) An entrepreneur is a person who —
A
manages financial investments
B
takes the risk of production to earn a profit
C
enforces government regulations for business
D
sets the interest rates at banks
10) Tax money paid by businesses and individuals is used to provide —
A
company profits
B
natural resources
C
public goods
D
A private savings
*select an answer for all questions
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