Cumulative Exam — Cumulative exam Answers

Read the scenario.Local election officials are planning to remove ballot drop-off boxes from an area of the city where most residents are Black or Latino. An investigative journalist uncovers the plan and publishes a story about it in the city newspaper. In the article, the journalist claims that the officials want to suppress voter turnout in the upcoming mayoral election. The election pits the current mayor, a conservative White business owner, against a Black candidate who is a social activist. Polls indicate that the Black candidate is gaining in popularity, particularly in the area affected by the officials’ plan.

Amira’s grandmother gave her $50 for her birthday and told her to spend it on anything she wants or needs. Amira does not often have this much money to spend any way she wants, so she does not want to waste it on just any purchase.

When looking at the opportunity cost of an economic decision, what is meant by the explicit costs of that decision?

What role do households play in the circular flow of income?

How can students under the age of 18 participate in the democratic process?

Which person currently has the most opportunities to earn a higher salary?

What is the definition of activism?

What is one type of freedom the First Amendment protects?

Due to a shortage of parts, the demand for cars exceeds the available supply. What is the most likely effect of this imbalance?

How did the sovereignty of Indigenous people affect their status in the US prior to 1924?

Review this social media post.

The Acme Company is committed to using renewable resources as much as possible. This includes using solar power in its factory. However, the company is in an area that experiences long periods of cloudiness in the winter months. During these times, the company gets electricity from the local power company, which uses natural gas to make electricity.

How can having too little government regulation limit consumer choice in a mixed-market economy?

How might a country’s trade barriers affect workers in that country?

What is the federal budget?

Which best explains why the world’s mixed-market economies should be viewed as a spectrum?

Why does carrying a large amount of debt cause people to have less money over time?

Read the excerpt from Ida Tarbell’s The History of the Standard Oil Company:"He [Rockefeller] meant to control the oil business. By one maneuver, and that a discredited one, he had obtained control of one-fifth of the entire refining output of the United States. He meant to secure the other four-fifths. He might retire now, but the oil region would hear of him again. It did. Three months later, in August, 1872, it was learned that the scheme of consolidation which had been presented in vain at Titusville in May had been quietly carried out, that four-fifths of the refining interests of the United States . . . had gone into a National Refiners’ Association, of which Mr. Rockefeller was president.”–Ida M. Tarbell, The History of the Standard Oil Company

What is an apprenticeship?

How does competition put power in the hands of consumers?