Strands Quiz

The number of weeks in a year is

52 weeks

A business owned by investors or stockholders who buy shares in the company is known as

corporation

price increases:demand decreases::supply increases:

price decrease

A family creates a list of all the things they would like to have and then they realize buying these items is out of the question. In fact, they have to reduce their current spending. This is an example of what economic principle:

opportunity cost

seller:producer:: buyer:

consumer

The level of government that is in charge of taxing citizens is

concurrent

The level of government that has the power to declare war is

federal

The level of government that has the power to grant licences to professionals like teachers and accountants is

state

The level of government that maintains a police force

concurrent

The level of governement that enforces laws

executive

The branch of government that can override a presidential veto is

legislative

The branch of government that determines if a law is constitutional is

judicial