Finals Help. please submit as a word doc.

ObbtreOhgg
timer Asked: Jul 3rd, 2015

Unformatted Attachment Preview

Name/Student Number: Economics Final Exam College Prep Program Completion Complete each statement. 1. The hope of reward that encourages a person to behave in a certain way is a(n) _______. 2. A bridge is an example of something that is usually provided as a _________. 3. To show how demand for a good will change at specific price points, economists use a ____. 4. People will buy more of a good when its price falls and less when its price rises, according to the _______. 5. The rate the Federal Reserve charges banks for loaning them money is the _____________________. Fill in the Blank. Identify the word(s) that best complete(s) the statement or answers the question. 6. A __________ _________ __________ shows the relationship between the production of any two categories of goods. 7. Open opportunity, private property, contracts, voluntary exchange are basic principles that are fundamental to __________ _____________ ____________. 8. When government intervention causes the supply of a good to rise, the supply curve shifts to the __________. 9. Elena is looking for an apartment. The fact that Elena misses two days of work at the supermarket to visit several different apartments available for rent is an example of her _________ costs. 10. GoodDeeds International is structured like many other major companies, but its goal is to benefit society, not to make money. GoodDeeds is a __________ organization. 11. The __________________ arranges stock and bond trading of top U.S. and world companies. 12. Scientific research affects ___________ growth by improving the way things are made. 13. The federal income tax is a _____________ tax because the higher the income a person has, the higher the percentage that person pays in tax. 14. Funding for most ____________ universities comes from state sales taxes and state income taxes. 15. Congress changed the structure of the ____________ in 1935 to allow district banks to work together Short Answer Answer the following questions using complete sentences. 16. How do resources and technology affect a country’s production possibilities? 17. Consider the centrally planned economy of the Soviet Union or China. Choose one and explain how its experience shows the problems with a centrally planned economy. 18. Why was the New Hampshire state legislature unable to take control of Dartmouth College? Critical Thinking and Writing Directions: Use complete sentences to answer the questions below. 19. A company has a monopoly on a glue used in TVs and phones. The company can make as much of the glue as it wants. It chooses to make less glue than it is able. Why? 20. Describe how developed countries differ from developing countries in regard to city population and infrastructure. Name/Student Number: American Government Final Exam College Prep Program Fill in the Blank Identify the word(s) that best complete(s) the statement or answers the question. 1. When the will of the people is translated into public policy directly by the people themselves, ____________ exists. 2. Before _____________ came to the throne in England, the American colonies were allowed a fairly wide amount of self-rule. 3. One function of a political party is to make sure that its candidates are well qualified and of good character, which is called the ______________________. 4. This graph illustrates the fact that there is a ________________ turnout for general elections than for primaries. 5. A concern about direct response electronic voting machines (DREs) is that they may be susceptible to __________. 6. The purpose of an interest group is to influence ____________. 7. The goal of the Framers of the Constitution when they created a _____________ Congress was that the two houses would check one another. 8. The Office of the Director of National Intelligence was created to improve the collection and sharing of security information after the ____________ terrorist attacks. ____9. In a ___________ state, the enemy is global capitalism. ____10. The ___________ __________ of judicial selection combines election and executive appointment. Short Answer Answer the questions below using complete sentences. 11. Explain the connections between democracy and the free enterprise system. 12. Many people think that political parties make the will of the people known to government. They also argue that political parties hold the government accountable to the people. Think about what political parties do. Briefly describe how political parties keep government responsible to the people. 13. Political parties are a principal means by which the people’s will is made known to the government and government is held accountable to the people. Briefly describe party functions that achieve these goals. “The need for collecting large campaign funds would vanish [go away] if Congress provided an appropriation [federal money] for the proper . . . expenses of each of the great national parties, an appropriation ample [large] enough to meet the necessity [the needs of the political parties]. . . . Then [the parties should agree that] no party receiving campaign funds from the [federal] Treasury should accept more than a fixed amount from any individual . . . and [detailed information about the money taken in and spent] could without difficulty be provided.” —President Theodore Roosevelt, Annual Message to Congress, December 3, 1907 14. Would you support President Roosevelt’s proposal? Explain. 15. How does this cartoon criticize interest groups? Do you agree or disagree with what the cartoonist is saying? Why? “There cannot be a great vice president. A great man may occupy the office, but there is no way for him to become a great vice president because the office in itself is almost wholly unimportant.” —former Vice President John Nance Garner, Collier’s Magazine, March 20, 1948 16. Explain what Garner meant by this remark. Use information from your reading to explain how his point of view compares with the job description of the Vice President described in the chapter. 17. What is the difference between staff agencies and line agencies? “[A] flat tax is simple, fair, and good for growth. Instead of the 893 forms required by the current system, a flat tax would use only two postcard-sized forms. . . . Unlike the current system, which discriminates [treats some people differently] based on the source, use, and level of income, a flat tax treats all taxpayers equally, fulfilling the ‘equal justice under law’ principle. . . . And unlike the current system, which punishes people for contributing to the nation’s wealth, a flat tax would lower . . . tax rates and eliminate [get rid of] the tax bias [discouragement] against saving and investment, thus ensuring better economic performance in a competitive global economy.” —from “A Brief Guide to the Flat Tax,” The Heritage Foundation, July 7, 2005 18. (a) What is the author of this excerpt proposing? (b) According to the excerpt, how is the current progressive tax system unfair? (c) How would going to a flat tax system from a progressive tax system change the way income taxes are collected? 19. The Department of Homeland Security protects the United States against terrorism. (a) List three of the five main services that it provides. (b) Why do you think the work of this department is so complex? 20. Would a Greek-style democratic system work in modern-day America? Explain your answer.
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors