History Exam 1
What does the main section of the Constitution describe?
It describes the amendments it contains.
What are the first ten amendments to the Constitution called?
The Bill of Rights
A woman who owns a business in which the government sets the prices operates in a
command economy
Which prevents each branch of government from becoming too powerful?
Checks and balances
Which of the following is a power of the executive branch?
It can appoint justices to the judicial branch
What sector of the economy includes teachers?
services sector
A public park is an example of
a service provided by the government that protects private property
The American colonies declared their freedom from Great Britain and their right to sovereignty.
In this sentence, what does sovereignty mean?
Self Rule
Which of the following describes a result, or effect, of scarcity?
Consumers are less likely to have their needs and wants met
Which statement expresses the meaning of scarcity?
The amount of something you want or need may be limited
Why do banks offer interest to their customers?
Interest is a positive incentive for customers to keep their money at that bank.
Bartering is
the exchange of one type of good or service for another
The price of various goods has been steadily rising for months. As a result, people are not able to buy things they need for the same amount of money as they could a year ago. This is evidence of ________.
inflation
Which reason explains why an entrepreneur’s business might fail?
The company was not profitable.
A successful business must create a product or service that has enough ________ to meet a high ________.
supply; demand
What did the Thirteenth Amendment accomplish?
It made slavery illegal.
What do the stars and stripes on the American flag symbolize?
oday's 50 states and the original 13 states
Which of the following was guaranteed by the Bill of Rights?
Which of the following is a way that a young person can take on civic responsibility?
Obeying the law is a civic ______
responsibility