Types of Govt
A few people rule the country
What is "oligarchy?"
People trade goods and services
What is "traditional economy?"
President apppoints a judge, Senate approves
What is "checks & balances?"
The Army, Navy, Air Force
What is "to provide for common defense?"
Interest groups hire them to influence Congress
What are "lobbyists?"
Religious leaders run the government
What is "theocracy?"
Govt owns factories and assigns jobs to people
What is "command economy?"
Executive branch makes laws
What is "separation of powers?"
Social Security retirement checks
Fiscal policy involves govt spending and ___
What is "taxes?"
People themselves make laws
What is "direct democracy?"
Govt lets businesses do whatever
What is "pure market economy"
Supreme Court says Obamacare is legal
What is "judicial review?"
The police set up sobriety checkpoints
What is "to provide domestic tranquility?"
Executive branch and ___ is responsible for Fiscal Policy
What is "Congress?"
What is "monarchy?"
People own businesses, but govt regulates them
President vetoes a bill
What is "checks and balances?"
Govt increases funding for vaccine development
What is "to provide for general welfare?"
Monetary policy involves money supply and ___
What are "interest rates?"
People elect leaders to make laws
What is "representative democracy?"
If there is too much of one thing, the price goes down.
What is the "law of supply & demand?"
Congress impeaches the President
What is "checks & balances?"
Govt bombs terror base is Yemen
What is "to provide for common defense?"
If shoppers are not spending much, govt will __
What is "lower interest rates?"