Classic Econ. Vocabulary
What are one type or resources "
Human, Natural Capital and Entrepreneurship
What is self assessment ?
looking at your talents and what you can and can't do, and starting your career.
What is the symbol for the Republican Party and the Democratic Party in the United States
R-Elephant
D- DonkeyThis court case established JUDICIAL REVIEW
Marbury v. Madison
What country is Pres. Trump planning on visiting next month ?
North Korea
What is given up when a choice is made
What is opportunity Cost
Define the term Entrepreneur .
A person who takes a risk in order to make a profit.
Ran as a 3rd Party Candidate in 1912- Bull Moose Party, many believed it helped Democrat Woodrow Wilson to win.
Theodore Roosevelt
Police must have probable cause in order to make an arrest ...What is probable cause ??
a reason or just-cause for the arrest.
What is the only Federal Court that may have a jury ?
U.S DISTRICT Court
Scarcity
Lack of resources, you can't always get what you want.
What are the four factors of production ? Explain one
Human
Natural
Capital
Entrepreneurship
What are two similarities in political parties.
Organize to win elections
influence public policy
Reflect both liberal and conservative views
Appeal to the political center
What is the difference between a civil case and a criminal case ?
criminal- law has been broken and a crime as been committed.
Civil case is use to settle a disagreement or a dispute
What country or area of the world was the Royal Wedding held last Saturday
England, Great Britian
Of the 3 types of Economies is the world..Traditional, Mixed, Command , What is the most common in the world.
Mixed
What is the difference between public services and private services.
Public is own by the government-Post offices DMV public parks
Private is own by individuals (Farm-Fresh Wal-Marts Bush Gardens)
First form of National Government for the new states.
Articles of Confederation
What are the three federal (US) Courts in order?
U.S. DISTRICT COURT
U.S. COURT OF APPEALS
US. SUPREME COURT
How many votes does it take to win the Electoral College and become President of the US
270
When consumers determine what goods and services will be produced with their purchases.
consumer sovereignty
What are three of the four duties one must do as a citizen of the US.
Obey Laws
Pay Taxes
Serve in the military if called
Serve in court if called (draft)
Why did the Articles of Confederation fail.-2 reasons
Weak Central Government
No Power to tax
Could not enforce laws
What are the 4 courts in Va. (in order)
JDR- /General District Court
Va. Circuit Court
Va. Court of Appeals
U.S. Supreme Court
If the state of Va. has 13 members in the House of Representatives and 2 members in the U.S. Senate what would be Va.'s total in the Electoral College.
15
HOR=13 + Senate =2 13+2=15