Civics SOL Review 3 Question Preview (ID: 37799)


This Test Is Taken From The Virginia Released Tests. TEACHERS: click here for quick copy question ID numbers.

Newspaper Headline - NEWS - Alexander and Barnes to Run for Governor - What role is this newspaper playing in the election process?
a) Highlighting issues
b) Identifying candidates
c) Publishing editorials
d) Providing a forum for voters

Third parties differ from the two main political parties because third parties -
a) have more official members
b) have more political experience
c) are older than the two main parties
d) are often concerned with one issue

Which of the following is a function of political parties?
a) Appointing diplomatic officials
b) Electing Supreme Court justices
c) Nominating qualified candidates
d) Protecting former Presidents

What are the earnings a business has left after all its expenses have been paid?
a) capital
b) profit
c) taxes
d) wages

• Government control of property and resources • Lack of consumer choice -This list describes what type of economic system?
a) Command
b) Mixed
c) Free market
d) Barter

Who has the most influence in a free market economic system?
a) Consumers
b) Producers
c) Suppliers
d) Lawyers

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) Price of the movie tickets
b) Value of the computer game
c) Time of buying the computer game
d) Enjoyment of seeing the movies

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) Corporation
c) Partnership
d) Proprietorship

An entrepreneur is a person who —
a) enforces government regulations for business
b) takes the risk of production to earn a profit
c) sets the interest rates at banks
d) manages financial investments

Tax money paid by businesses and individuals is used to provide —
a) A private savings
b) natural resources
c) public goods
d) company profits

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