This amendment protects you from the government seizing your property without a warrant.
What is the 4th amendment?
100
This is the type of economic system used by the United States (of the three economic systems we discussed).
What is a mixed economy?
100
This is the state of being unable to afford to meet basic needs.
What is poverty?
100
This kind of good is both nonrivalrous and nonexclusive.
What is a public good?
100
This is a side-effect or indirect consequence of an economic decision.
What is an externality?
200
This amendment allows the federal government to collect taxes directly from citizens' incomes.
What is the 16th Amendment?
200
This is the concept that all American citizens have the same rights and must follow the same laws.
What is legal equality?
200
This is a level of income under which individuals are considered to be impoverished.
What is the poverty threshold?
200
This kind of good is one that non-payers cannot be prevented from using.
What is nonexclusive?
200
The government uses this type of policy when it sets hard limits on specific products or industries in order to control externalities.
What is regulation?
300
This is the concept stated in the 5th amendment that the government cannot seize your property for public use without paying you.
What is Eminent Domain?
300
This is the incentive that drives both producers and consumers in an open market.
What is profit motive?
300
These are federal aid programs that give money to charitable organizations.
What are grants?
300
This situation occurs when people try to take advantage of a public good without paying for it.
What is the free rider problem?
300
This type of policy is used by the government to minimize negative externalities by influencing people's decisions without forcing them to behave differently.
What are market-based policies?
400
The federal government has the power to punish this crime according to Article 1, Section 8 of the Constitution.
What is counterfeiting?
400
Any goods or resources owned and controlled by an individual or a business are known as this.
What is private property?
400
These are government aid programs that give people the goods they need (or money specifically for the goods they need).
What are in-kind benefits?
400
The idea that humans will always over-consume natural resources if allowed is known as this.
What is the Tragedy of the Commons?
400
A tax on a specific good (such as one on cigarettes or alcohol) is called this.
What is an excise tax?
500
According to Article 1, Section 9 of the Constitution, Congress does NOT have the power to spend money without first creating one of these.
What is a budget?
500
This is the idea that people will only agree to buy or sell when they feel that they will be better off because of the decision.
What is voluntary exchange?
500
This safety net program uses tax money to provide income for retirees.
What is Social Security?
500
This is the method used by the government to overcome the free rider problem and provide public goods.
What is taxation?
500
These government licenses are in place to encourage innovation by protecting the profits of inventors and creators. (Name both types)