Unit 2 Vocab Quiz

Question 1

Progressive

Answer 1

A person that sought reforms to correct society’s problems that resulted from the Industrial Revolution.

Question 2

Referendum

Answer 2

A person that sought reforms to correct society’s problems that resulted from the Industrial Revolution.

Question 3

Patronage

Answer 3

Handing out government jobs to people that supported a candidate’s election.

Question 4

Public Sector

Answer 4

The part of the economy that involves the transactions of the government.

Question 5

Radical

Answer 5

A person that seeks drastic changes to society.

Question 6

Representative Democracy

Answer 6

A democratic system of government in which the people exercise political control and participate through elected representatives responsible for promoting the common welfare.

Question 7

Clayton Anti-Trust Act

Answer 7

An amendment passed by U.S. Congress in 1914 provides further clarification and substance to the Sherman Antitrust Act of 1890. This Act attempts to prohibit certain actions that lead to anti-competitiveness. Outlaws price discrimination prohibits tying contracts, prohibits stock acquisition of competing corporations, and prohibits the formation of interlocking directorates (director of one firm, or board member of another firm).

Question 8

Conservation

Answer 8

The protection, preservation, management, or restoration of wildlife and of natural resources such as forests, soil, and water.

Question 9

Branches of Government

Answer 9

Executive Branch, Legislative Branch, Judicial Branch

Question 10

Gold Standard

Answer 10

A monetary policy where the value of paper money is tied to a specified amount of gold.

Question 11

Deflation

Answer 11

When the value of money increases over time (prices will fall).

Question 12

Initiative

Answer 12

A petition process by which a certain percentage of voters can put a proposed law of amendment on the ballot for popular approval or rejection..

Question 13

Liberal

Answer 13

A person that is open to positive change in society.

Question 14

Monetary Policy

Answer 14

The federal government plan for the makeup and quantity of the nation’s money supply.

Question 15

19th Amendment

Answer 15

Women’s Suffrage

Question 16

Inflation

Answer 16

Where the value of money decreases over time (prices will rise)

Question 17

16th Amendment

Answer 17

Income Tax

Question 18

Progressive Income Tax

Answer 18

A tax for which the percentage of income paid in taxes increases as income increases (income tax).

Question 19

Private Sector

Answer 19

The part of the economy that involves transactions of individuals and businesses.

Question 20

18th Amendment

Answer 20

Prohibition

Question 21

Proportional Income Tax

Answer 21

A tax for which the percentage of income paid in taxes remains the same for all income levels (property tax).

Question 22

Regressive Income Tax

Answer 22

A tax for which the percentage of income paid in taxes decrease as income tax increases (sales tax).

Question 23

17th Amendment

Answer 23

Direct election of senators.

Question 24

Conservative

Answer 24

A person that seeks to maintain tradition and the status quo (current situation) in society.