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100
The governor is the head of _________________.
The state executive branch
100
What power does the president have over a state's National Guard?
He can call them in times of emergency
100
What is economics?
The study of how people make decisions with limited resources.
100
What is the difference between a 'need' and a 'want'?
Needs are things we have to have where as wants are things we would like to have
100
What is an entrepreneur?
A person who starts a business or introduces a new product
200
What is a budget?
A careful record of all the money that one earns and spends
200
What is a lender?
A person who loans someone money
200
Why do college graduates on average earn more money than those who only graduate high school?
Because they have more education
200
How is the speaker of the house selected in the house of representatives?
By the majority political party
200
What are reserved powers?
Powers given to the states (make sure you can provide examples for your test)
300
A state senate is run by either the senate president or the ________________.
lieutenant governor
300
What kind of cases do general trial courts hear?
Civil cases involving large amounts of money
300
What are concurrent powers?
Powers shared by both the national and state governments (make sure you can provide examples for your test)
300
What does Article VI of the Constitution do?
It makes the laws of Congress the "supreme law of the land."
300
Where do most people in the United States live (what kind of areas)?
In or around urban areas
400
How do microeconomics and macroeconomics differ?
Microeconomics study the individual where as macroeconomics study the society.
400
Provide an example of a 'trade off'.
When you decide to buy one thing rather than something else.
400
What determines the type of things a society will produce?
scarcity
400
Provide an example of a business that provides a service rather than a good.
A dentist
400
What does the U.S. government usually do when a business fails?
Nothing
500
Explain how a 'free enterprise system' works.
Business is free to run with limited government interference. Business is also run to make a profit and people are free to select their jobs.
500
What is Gross Domestic Product?
The measure of goods and services produced
500
After both houses of a state legislature have signed a bill what must happen before it can become law?
It must be signed by the governor
500
Explain the concept of 'consumer sovereignty.
Consumers are free to determine what products they wish to see produced
500
The Civil Rights Act of 1964 prohibits what kind(s) of discrimination?
It prohibits discrimination on the basis of gender, race, color, religion, and national origin.
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