NES Elementary Education Subtest 1 (Part II) Questions with Complete Solutions

NES Elementary Education Subtest 1 (Part II) Questions with Complete Solutions Primary functions of government - ANSWER 1) maintain order 2) settle conflicts 3) protect the community America's first national government was based on... - ANSWER The Articles of Confederation Article 1 - ANSWER The legislative branch and vests power to legislate in the Congress of the United States. Article 2 - ANSWER The executive powers of the President and its branch of government enforces the laws of the land. Article 3 - ANSWER The judicial branch as the Supreme Court and such inferior courts as Congress sees necessary to establish. Federalism - ANSWER The sharing of power among the national, state, and local governments. Education for _____ in a constitutional democracy has been a long-standing goal of schools in the United States. - ANSWER citizenship Powers reserved by national government: - ANSWER 1) Print Money 2) Regulate interstate + international trade 3) Make treaties (foreign policy) 4) Declare War 5) Provide army/navy 6) Establish post offices 7) Make laws necessary and proper to carry out these powers Powers reserved by state governments - ANSWER 1) Issue licenses 2) Regulate intrastate businesses 3) Conduct elections 4) Establish local govt 5) Ratify amendments to the Consititution 6) Take measures for public health/safety 7) Exercise powers the Constitution doesn't delegate to national govt Powers reserved by both national + state governments - ANSWER 1) Collect taxes 2) Build roads 3) Borrow money 4) Make/enforce laws 5) Charter banks/corporations 6) Spend money for general welfare 7) Take private property for public purposes with just compensation Location of the European Union - ANSWER Brussels, Belgium Opportunity Cost - ANSWER When limited resources are used to satisfy one want/need, there are other wants/needs that remain unsatisfied. Interdependence - ANSWER Decisions by Business A affect decisions of other businesses and vice-versa Factors of Production - ANSWER 1) labor 2) capital 3) land 4) entrepreneurship Three Basic Economic Questions of all economic systems - ANSWER What will we produce with our resources? How will we produce these goods? For whom will we produce these goods? Traditional Economy - ANSWER Answers to Three Basic Economic Questions are based on how they were addressed in the past. Example: if your family grows wheat, you will be a wheat farmer, too.