North Carolina Economics, Legal, And Political Systems Review

NORTH CAROLINA ECONOMICS, LEGAL, AND POLITICAL SYSTEMS REVIEW Instructions for use: A) click mouse and a question will appear with possible answers B) select your answer and click on it C) you will be shown the correct answer D) click again and the next question will appear There are approximately 200 prompts in the review, if you can not finish the review in one setting use the scroll bar to remember where you left off Created by: J Marshall Gasperson/ gaspersonm@watauga.k12.nc.us Who is known as the “Father of the Constitution”? A) Thomas Jefferson B) George Washington C) James Madison D) Ben Franklin Which of the following court cases established Judicial Review? A) Gideon v Wainwright B) Miranda v Arizona C) Marbury v Madison D) Korematsu v United States Local governments get most of their revenues from which of the following: A) Fees and Fines B) Property Tax C) Sales Tax D) Income Tax What is largest expenditure for the National government? A) Military B) National Parks C) Welfare programs D) Foreign Policy A political party’s beliefs are stated in the party _ A) Nomination B) Registration C) Convention D) Platform Which of the following is an example of an Excise tax? A) Sales tax B) Gas tax C) Property tax D) Income tax Which of the following provides the most State revenue? A) Sales Tax B) Gas Tax C) Property Tax D) Income Tax Which of the following is a Progressive Tax? A) Sales Tax B) Property Tax C) Income Tax D) Luxury Tax What was the original purpose of the Constitutional Convention? A) Revise the Constitution B) Revise the Articles of Confederation C) Revise the Mayflower Compact D) Revise the Declaration of Independence Due process of law in a criminal procedure includes A) allowing a person who is testifying to say who he/she thinks committed the crime B) giving an accused person a chance to prove himself/herself innocent C) reading to the accused his/her rights and giving him/her a hearing and a speedy trial with right to counsel D) doing away with the right to trial because the accused confessed Which of the following theories of punishment is designed to help the criminal become an independent, productive citizen A) Individual Deterrence B) Revenge C) General Deterrence D) Rehabilitation The lawyer for the defendant in a criminal case is called A) the defense attorney B) the defender C) the district attorney D) the people’s representatives Which of the following situations describes extradition A) a governor can bring to an end a session of the state legislature B) a governor can ask that a prisoner held in another state be returned to the state a for prosecution and trial C) a governor can give a convicted felon his/her freedom and free him/her from guilt of a crime D) a governor can refuse to sign a bill into law The concept of “innocent until proven guilty” means that A) the accused must prove innocence B) the trial must be held quickly C) the burden of proof is on the prosecutor D) all of the above A writ of habeas corpus is A) safeguards the jailer from any penalty when he receives a prisoner B) orders a jailer to bring a person to proper trial C) does not guarantee that a prisoner will be charged with a crime D) is a procedure in which a prisoner does not need a trial Capital goods refer to A) corporate securities B) money in savings accounts C) goods used to produce other goods D) all money in the economy Wasteland is a country in which there is very little government ownership of farms and businesses People may start their own businesses and the government doesn’t interfere with wages or prices Wasteland is A) cooperative B) socialistic C) capitalistic D) communistic Which of the following is a function of the marketplace? A) to make sure that buyers pay the lowest possible prices B) to make things look attractive C) to have honest advertising D) to bring buyers and sellers together If two goods are substituted for each other, then consumers usually decide to purchase one or the other on the basis of A) the prices of the two goods B) where the two goods have been produced C) their desire to have variety in what they consume D) their desire to keep the producers of both good in business Competition among businesses should result in which of the following A) higher cost of materials B) higher prices for products C) reduction in consumer demand D) more efficient production If there is an decrease in the supply of coffee, consumers will most likely A) buy less tea because of a decrease in the price of coffee B) buy more tea because of a decrease in the price of coffee C) buy less tea because of an increase in the price of coffee D) buy more tea because of an increase in the price of butter “Double Taxation” refers to the fact that A) the tax rate on corporate income is about twice as high as that on personal income B) corporate earnings are taxed under the corporate income tax and, in addition, that part of corporate income paid out as dividends are taxed as personal income C) both distributed and undistributed corporate profits are taxed as personal income D) both employers and employees pay taxes to finance unemployment compensation payments A single firm operates three plants which consist of a cattle ranch, a slaughter house, and beef distributor This an example of a A) horizontal combination B) vertical combination C) partnership D) corporation The term “monopoly” describes a situation in which the market price of goods and services is established by which of the following A) many sellers B) a single buyer C) many buyers and sellers D) a single seller or a small group of sellers