Executive Branch
Name the roles of the Executive Branch.
Execute, enact, administer, carry out, and enforce laws
Role of the Legislative Branch
make laws
Role of the judicial branch
interpret and apply the laws
A business that acts as a legal entity; owner liability depends on the amount they invest in stocks
Corporation
The amount of a good or service that consumers are willing and able to buy at a certain price is called...
demand
The President's role when acting as the leader of the military
Commander-in-Chief
The two houses that make up Congress bicameral legislature
US House of Representatives
US Senate
Police need this to arrest a person being accused of a crime
Probable Cause
Type of economic system where all economic decisions are made by the government; all property and resources are owned by the government and there is lack of consumer choice
Command Economy
This vocabulary word is something that is given up when a choice is made; the next highest valued alternative is called...
Opportunity Cost
Who is in the executive branch in Virginia's cities and towns?
Mayor and manager
The two houses that make up Virginia General Assembly's bicameral legislature
House of Delegates
VA State Senate
The Supreme Court power to determine if laws or actions by the government are constitutional
Judicial Review
This type of economy lets the private businesses make all of the decisions.
Free Market Economy
This vocabulary word can be defined as the rivalry between producers and sellers of a good or service.
Competition
Role of the President when acting as the head of the executive branch
Chief Executive
1. Legislative powers that are specifically listed in the US Constitution
2. Legislative powers that are not listed but used to carry out powers
1. expressed powers
2. implied powers
The court case that established judicial review
Marbury v. Madison
A person who starts their own business
Entrepreneur
acts as the federal governments bank; maintains the value of the dollar; manages the amount of money in circulation to keep inflation low
Federal Reserve
Leader of the Virginia Executive Branch
Governor of Virginia
The 6 steps in the bill to law process
1. Idea
2. Introduced
3. Committee
4. Debate
6. Vote in the original house
7. Switch houses and repeat the steps
6. Approved or vetoed by the President
The right to be treated fairly by the government is called...?
Due Process
Type of Economic System where individuals and businesses can buy and sell most things except for what the government declares illegal
Mixed Economy
This vocabulary word is the point where supply and demand meet. Everyone who wants to sell at that price can sell. Everyone who wants to buy at that price can buy.
Equilibrium price