Executive Branch
Who are the key members of the executive branch?
The primary members are the President, the Vice President, and the President’s Cabinet, which is made up of the heads of 15 executive departments.
How do federal judges get their jobs?
Federal judges are nominated by the President and must be confirmed by the majority of the U.S. Senate. Once confirmed, they hold their seats for life, barring impeachment by Congress.
What are the two parts of the U.S. Congress?
The Senate and the House of Representatives.
What is a "mixed economy"?
An economic system that combines elements of both market (private enterprise) and command (government) economies. For example, the United States operates as a mixed economy, as private businesses and consumers make most decisions, but the government regulates safety, taxes, and certain public services.
What is the supreme law of the land?
The Constitution.
What are the constitutional requirements to become President
A candidate must be a natural-born citizen of the United States, at least 35 years old, and a resident of the United States for 14 years.
What courts handle local legal issues in Virginia?
General District Court & Circuit Court
Where does Congress meet?
They meet at the U.S. Capitol building in Washington, D.C..
What is the Law of Demand?
As the price of a good or service increases, the quantity demanded by consumers will decrease (and vice versa), assuming all other factors remain constant.
What does the U.S. Constitution do?
It forms the government, defines its powers, and protects the rights of the people.
What are the President's primary powers?
The President's core powers include serving as Commander in Chief of the armed forces, granting pardons, making treaties (with Senate approval), and appointing federal judges, ambassadors, and department heads
What are the three levels of the federal court system?
District Courts, Courts of Appeals, & The Supreme Court.
Why does the United States have two houses of Congress?
To balance the power and concerns of states with large populations (who wanted power based on how many people lived there) and smaller states (who wanted all states to have equal representation).
What is an opportunity cost?
The value of the next best alternative given up when making a choice. For instance, if you spend time studying for an economics exam instead of going to the movies, the opportunity cost is the enjoyment you would have had at the theater.
What do we call the first ten amendments to the Constitution?
The Bill of Rights.
What is the President's Cabinet, and how are they chosen?
The Cabinet consists of the Vice President and the heads of 15 executive departments (e.g., Departments of State, Defense, Treasury). They are nominated by the President and must be confirmed by a majority vote in the Senate.
What is the highest court in the U.S.?
The Supreme Court. It serves as the final level of appeal in the federal system.
How many voting members are in the House of Representatives?
There are 435 voting members.
What is equilibrium price?
The exact price where the quantity supplied by producers is equal to the quantity demanded by consumers. At this price, there is neither a shortage nor a surplus in the market.
Name one right or freedom from the First Amendment.
Freedom of speech, religion, assembly, press, or the right to petition the government.
How does the President influence laws?
How many justices are on the Supreme Court?
There are nine (9) justices.
How is it decided how many representatives each state gets?
It depends on the state's population. States with more people get more representatives.
What is Gross Domestic Product (GDP)?
The total monetary value of all final goods and services produced within a country's borders in a specific time period. It is the primary indicator used to measure the health of a nation's economy.
What role does the Federal Reserve (the Fed) play in the U.S. economy?
The central bank of the United States. Its primary roles are to conduct the nation's monetary policy, regulate banks, and maintain the stability of the financial system.