2. Topic 1Topic 2Topic 3Topic 4Topic 5 10 20 30 40 50

3. Question 1 - 10 The purpose of government in a communist economy is to…

4. Answer 1 – 10 To make major economic decisions

5. Question 1 - 20 What is scarcity?

6. Answer 1 – 20 The idea that human wants are unlimited but the worlds resources are limited

7. Question 1 - 30 Which group of people ultimately determines the products that a free enterprise economy produces?

8. Answer 1 – 30 consumers

9. Question 1 - 40 The minimum wage is an example of a federal law that supports what?

10. Answer 1 – 40 Economic equity

11. Question 1 - 50 What is opportunity cost?

12. Answer 1 – 50 The best alternative you give up when you make an economic decisions

13. Question 2 - 10 For most products and services, increased price results in what happening to demand?

14. Answer 2 – 10 Lower demand

15. Question 2 - 20 Consumers' willingness to replace a costly item with a less costly item is an example of what?

16. Answer 2 – 20 Substitutes

17. Question 2 - 30 The FDIC was established to…

18. Answer 2 – 30 Protect the savings of the American people

19. Question 2 - 40 Any human-made resource that is used to create other goods or services

20. Answer 2 – 40 capital

21. Question 2 - 50 This certifies ownership of shares in the ownership of a corporation

22. Answer 2 – 50 stock

23. Question 3 - 10 The skills and knowledge gained by a worker through education and experience.

24. Answer 3 – 10 Human capital

25. Question 3 - 20 Buying a generic brand of aspirin instead of Tylenol is an example of

26. Answer 3 – 20 Subsitutes

27. Question 3 - 30 Organized market for the trading of stocks and bonds.

28. Answer 3 – 30 Stock market

29. Question 3 - 40 A system in which the government regulates private enterprise

30. Answer 3 – 40 Mixed economy

31. Question 3 - 50 This is a person’s income after taxes are taken out.

32. Answer 3 – 50 Net income

33. Question 4 - 10 This is the effort that people devote to a task for which they are paid.

34. Answer 4 – 10 labor

35. Question 4 - 20 What amendments deal with the rights of the accused?

36. Answer 4 – 20 4 through 8

37. Question 4 - 30 5 themes of geography

38. Answer 4 – 30 Movement, region, place, location, human- environment interaction

39. Question 4 - 40 The civil war left the south in what kind of condition?

40. Answer 4 – 40 In ruins

41. Question 4 - 50 What court case set a precedent for integration

42. Answer 4 – 50 Brown v. board of education

43. Question 5 - 10 What years were the Mexican-American war fought?

44. Answer 5 – 10 1846-1848

45. Question 5 - 20 This is the amoutn of a good or service that a producer is willing to sell at any given price

46. Answer 5 – 20 supply

47. Question 5 - 30 This is the amount of a service that a consumer is willing to buy at any given price

48. Answer 5 – 30 demand

49. Question 5 - 40 Growth of industries during the gilded age is referred to as what?

50. Answer 5 – 40 Industrialism

51. Question 5 - 50 What is globalization?

52. Answer 5 – 50 The process of the world becoming more connected and interdependent