1.
What describes how much money is left to spend after you've purchased essentials?
Correct Answer
A. Discretionary Income
Explanation
Discretionary income refers to the amount of money that remains after essential expenses, such as bills and groceries, have been paid. It represents the disposable income that can be used for non-essential purchases or savings. Net income, on the other hand, is the total income earned after deductions such as taxes and other expenses have been subtracted. Gross income is the total income earned before any deductions. Dual income refers to a household where both partners are earning an income.
2.
Mistreating someone because of their skin color is known as what?
Correct Answer
D. Racism
Explanation
Mistreating someone because of their skin color is known as racism. Racism is the belief that one race is superior or inferior to others and the act of discriminating against individuals based on their race. It involves prejudiced attitudes, discriminatory behavior, and systemic oppression based on race.
3.
When a person's legal rights are not protected, we say they have been denied what?
Correct Answer
A. Due Process
Explanation
When a person's legal rights are not protected, it means that they have been denied due process. Due process refers to the legal requirement that the government must respect all of a person's legal rights before depriving them of life, liberty, or property. It ensures that individuals are treated fairly and have the opportunity to be heard and present evidence in a court of law. Denying someone due process violates their fundamental rights and undermines the principles of justice and fairness.
4.
Money is transferred from U.S. dollars to other countries' currency using what?
Correct Answer
A. Exchange Rate
Explanation
Money is transferred from U.S. dollars to other countries' currency using the exchange rate. The exchange rate determines the value of one currency in terms of another and is used to convert one currency into another during international transactions. It reflects the relative strength of the currencies and can fluctuate based on various factors such as economic conditions, interest rates, and market forces. By using the exchange rate, individuals or institutions can convert their U.S. dollars into the currency of the country they are transferring money to.
5.
What order, similar to a law, may be issued by a U.S. President?
Correct Answer
C. Executive Order
Explanation
An executive order is a directive issued by the President of the United States that manages operations of the federal government. It has the force of law and is used to implement policies or procedures without needing approval from Congress. While a speech is a form of communication, an amendment is a change to the Constitution, and a bill is a proposed law, only an executive order is a type of order that a U.S. President can issue.
6.
When a country ships its goods to another country, what is this action called?
Correct Answer
A. Exporting
Explanation
Exporting is the correct answer because it refers to the action of a country selling and sending its goods or services to another country. This can involve various modes of transportation, such as shipping, to move the goods across international borders. Importing, on the other hand, refers to the action of a country buying and receiving goods or services from another country. Sending and shipping are generic terms that do not specifically relate to international trade.
7.
What is the most serious type of crime?
Correct Answer
C. Felony
Explanation
A felony is the most serious type of crime. It is typically a crime that involves violence, harm to others, or significant financial loss. Felonies are generally punishable by imprisonment for more than one year, or even by death in some cases. This category of crime includes offenses such as murder, rape, arson, and robbery. Convictions for felonies often result in severe consequences, including lengthy prison sentences and the loss of certain rights, such as the right to vote or possess firearms.
8.
To gerrymander means what?
Correct Answer
B. To Contort District Boundaries
Explanation
Gerrymandering refers to the manipulation of district boundaries in order to give one political party an advantage over another. This practice involves redrawing the boundaries in a way that favors a particular party or candidate, often resulting in unfair electoral outcomes. By contorting district boundaries, politicians can strategically include or exclude certain groups of voters to ensure that their party has a higher chance of winning elections.
9.
What can a grand jury do with criminal suspects?
Correct Answer
D. Indict Them For Trial
Explanation
A grand jury is a group of citizens who are responsible for reviewing evidence presented by the prosecution in order to determine if there is enough evidence to charge someone with a crime. If a grand jury decides to indict a criminal suspect, it means that they believe there is sufficient evidence to proceed with a trial. The grand jury does not have the power to put suspects to death, throw them in jail, or take their money. Their role is solely to determine if there is enough evidence to move forward with a trial.
10.
Which of the following words is synonymous with "authority"?
Correct Answer
C. Jurisdiction
Explanation
Jurisdiction is synonymous with "authority" because it refers to the official power or control that a particular entity, such as a government or court, has over a certain area or subject matter. It implies the ability to enforce laws, make decisions, and exercise authority within a specific jurisdictional boundary.
11.
If there is more supply than demand, what will happen to the price of a good?
Correct Answer
A. Price Will Go Down
Explanation
When there is more supply than demand, it means that there is an excess of the good available in the market. In order to sell the surplus, sellers will have to lower the price to attract buyers. This increased competition among sellers will lead to a decrease in the price of the good. Therefore, the correct answer is that the price will go down.
12.
How many men and women sit on a standard American criminal (petit) jury?
Correct Answer
D. Twelve
Explanation
A standard American criminal (petit) jury consists of twelve individuals. This number is based on the historical tradition of having twelve jurors dating back to English common law. The purpose of having twelve jurors is to ensure a diverse range of perspectives and to minimize the influence of individual biases. This allows for a fair and impartial decision-making process in criminal trials.
13.
To veto some items in a bill but not the entire bill is called what?
Correct Answer
B. A Line-Item Veto
Explanation
A line-item veto refers to the power of a government official, usually the executive, to veto specific provisions or items within a bill while allowing the rest of the bill to become law. This allows the official to reject certain parts of a bill without rejecting the entire bill. It is often used to eliminate unnecessary or undesirable spending or provisions from a bill, providing a more targeted approach to vetoing legislation.
14.
Which of the following might an employer do during a labor dispute?
Correct Answer
B. Lockout
Explanation
During a labor dispute, an employer might choose to implement a lockout. This involves the employer preventing employees from entering the workplace and performing their duties. It is a strategic move by the employer to gain leverage in negotiations with the employees or their union. By locking out the employees, the employer aims to put pressure on them to accept their terms and conditions or to force them to end their strike. This action is often seen as a countermeasure to a strike initiated by the employees.
15.
Which term is used to describe when two companies fuse together as one?
Correct Answer
C. Merger
Explanation
A merger is the term used to describe when two companies combine and become one entity. In a merger, the two companies pool their resources, assets, and operations to create a single, stronger organization. This can be done for various reasons, such as to increase market share, expand into new markets, or achieve cost savings through economies of scale. In a merger, both companies typically agree to the terms and conditions of the merger and work together to integrate their operations and cultures.