Branches of government
Which Branch approves the annual budget?
Legislative Branch
What is given up when a choice is made?
Opportunity Cost.
Private ownership of property/resources is?
Free Market.
government may not establish a official religion, endorse an official religion, or unduly interfere with the free exercise of religion is?
freedom of religion
Which branch of government executes the laws of the land?
The Executive Branch.
What is used to change economic behavior?
Incentives.
Central ownership of property/resources is?
Command Economy.
individuals are free to express their opinions of beliefs is?
freedom of speech
Which branch administers federal bureaucracy?
The Executive Branch.
What is using goods and services?
Consumption.
What are economic decisions based on custom and historical precedent?
Traditional Economy.
the press has the right to gather and publish information including that which criticizes the government is?
freedom of press
Which branch consists of the federal courts, including the Supreme Court, the highest court of the land?
The Judicial Branch.
The amount of a good or service that consumers are willing and able to buy at a certain price is?
Demand
Individuals and businesses as owners and decision makers for private sector is?
Mixed Economy.
individuals may peacefully gather is?
freedom of assembly
Which branch regulates interstate and foreign trade?
The Legislative Branch.
The amount of a good or service that producers are willing and able to sell at a certain price is?
Supply.
Lack of consumer choice is?
Command Economy.
individuals have the right to make their views known to public officials is?
freedom of petition.