Foundations of Government
This document begins with the words "We the People" and established the U.S. government.
What is the Constitution?
This branch makes laws.
What is the legislative branch?
This amendment protects freedom of speech, religion, and press.
What is the First Amendment?
Limited resources and unlimited wants describe this economic problem.
What is scarcity?
When prices rise because demand is greater than supply.
What is a shortage?
The first ten amendments to the Constitution are known as this.
What is the Bill of Rights?
This branch interprets laws.
What is the judicial branch?
Citizens who are 18 or older have this right.
What is the right to vote?
The next best choice you give up when making a decision.
What is opportunity cost?
Money borrowed that must be repaid with interest.
What is a loan?
This principle means government power comes from the people.
What is popular sovereignty?
The President is part of this branch.
What is the executive branch?
Serving on this is a duty of citizens in court cases.
What is jury duty?
People who buy goods and services are called this.
What are consumers?
The cost of borrowing money.
What is interest?
This system divides power between national and state governments.
What is federalism?
Virginia's legislative branch is called this.
What is the General Assembly?
This amendment gave women the right to vote.
19th Amendment
This type of economy relies on supply, demand, and voluntary exchange.
What is a market economy?
This measures the cost of credit as a yearly rate.
What is APR (Annual Percentage Rate)?
This principle prevents any one branch of government from becoming too powerful.
What are checks and balances?
This power allows the President to reject a bill passed by Congress.
What is a veto?
This amendment banned discrimination based on race.
15th Amendment
The desire to earn money that encourages businesses to produce.
What is profit motive?
When supply increases, price usually moves in this direction.
What is down?