ILTS Elementary/Middle Grades (110): Practice & Study Guide  /  Standardized Tests Courses

Test Prep Plan - Take a practice test

Take this practice test to check your existing knowledge of the course material. We'll review your answers and create a Test Prep Plan for you based on your results.
How Test Prep Plans work
1
Answer 50 questions
Test your existing knowledge.
2
View your test results
Based on your results, we'll create a customized Test Prep Plan just for you!
3
Study smarter
Study more effectively: skip concepts you already know and focus on what you still need to learn.

Overview of Economics & Political Principles for Illinois Educators Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What can economists assume about consumers?

Question 2 2. ABC Clothing primarily sells shirts and pants, but they are across the street from XYZ Clothing who also sells primarily shirts and pants. How could ABC help their consumers begin to prefer their brand to XYZ?

Question 3 3. Who is normally the producer in a resource market?

Question 4 4. Which is NOT an example of a resource supplied by a household?

Question 5 5. Which of the following is NOT true?

Page 2

Question 6 6. Which organization was founded in 1949 to provide collective defense against the threat of Soviet expansion?

Question 7 7. What do you call an economy whose goals are determined by a central ruling body?

Question 8 8. Which type of economy is based on customs?

Question 9 9. Which one of the following is NOT a characteristic of capitalism?

Question 10 10. How should a government behave in a capitalist system?

Page 3

Question 11 11. Why would the government intervene in the case of a monopoly?

Question 12 12. Which of the following best describes the politics of government intervention in the economy of the United States?

Question 13 13. Colombia produces the best and lowest cost coffee in the world. This gives Colombia a _____ over other nations.

Question 14 14. When a nation with low labor costs and few government restrictions on business enacts open trade agreements, which of these will likely happen?

Question 15 15. How have technology and outsourcing impacted small businesses?

Page 4

Question 16 16. Why can outsourcing have a negative impact on the domestic economy?

Question 17 17. You have a list of people that includes some of their most basic traits. Which of the following individuals is most likely to be a supporter of the Republican Party?

Question 18 18. You have a list of people that includes some of their most basic traits. Which of the following individuals is most likely to be a supporter of the Democratic Party?

Question 19 19. What is the general term used to describe a government in which authority is derived from the consent of the citizens?

Question 20 20. Which of these best describes the government of the modern United States?

Page 5

Question 21 21. Why did many companies want immigrant labor to come to Chicago?

Question 22 22. Imagine you're a new immigrant to the United States in the 19th or 20th century. Which one of these probably did NOT influence your decision to move to Chicago?

Question 23 23. What is the term used by economists that refers to the reality that each consumer has limits?

Question 24 24. Susie goes to XYZ Grocery store and walks around to look at all the items that she has available to her for purchase. What is Susie participating in?

Question 25 25. How much money did the United States give away under the Marshall Plan?

Page 6

Question 26 26. Which of the following is NOT true regarding types of economic systems?

Question 27 27. What determines the price of a good or service in a capitalistic economy?

Question 28 28. Which of the following is an example of the government protecting property rights?

Question 29 29. Why would a country wish to pursue open trade policies?

Question 30 30. Which one of the following arrangements provides the greatest level of economic integration?

Overview of Economics & Political Principles for Illinois Educators Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Support