Judicial Branch
Economic Terms
Influence of Earlier Documents on the US Constitution
US Constitution & Amendments
Characteristics of Major Economic Systems
100
Things that incite or motivate; used to change economic behavior
What are incentives?
100
This document guaranteed the rights of Englishmen to the colonists
What are the Charters of the Virginia Company of London?
100
The first three words of the US Constitution establish the idea that the power of government come from the people.
What is the phrase "We the people?'
200
Factors of production that are used in the production of good and services.
What are resources?
200
This document expressed freedom of religious beliefs and opinions
What is the Virginia Statute for Religious Freedom?
200
These amendments pertain to due process of the law
What are the 5th and 14th amendments?
300
The interaction between these two determines price
What are supply and demand?
300
This document served as a model for the first ten amendments of the US Constitution
What is the Virginia Declaration of Rights?
300
DAILY DOUBLE!!! This amendment defines citizenship.
What is the 14th amendment?
400
This is given up when a choice is made
What is Opportunity cost?
400
What document guarantees equality under the law with majority rule and rights of minority protected?
What is the Constitution of the United States of America?
500
The combining of human, natural, capital and entrepreneurship resources to make goods or provide services.
What is production?
500
This fault in the Articles of Confederation led to the writing of the US Constitution
What is a weak central government? (No power to tax and enforce laws)
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