Unit 1
Unit 2
Government throwback
Kitchen tools
100
Identify two examples of a non-renewable resource
Coal and oil
100
What are some ways to get and keep a good credit score?
Only one or two credit cards. Make payments on time. Keeping jobs.
100
Identify one current conservative and liberal "stronghold" (one each) in the United States
Conservative - Bible Belt, Texas, midwest, rural areas
Liberal - big cities, CA, Northeast, and Northwest
100
What is this 
Ladle
200
What are the four factors of production?
Land, Labor, Capital, Entrepreneurship
200
What is a title loan
designed for people who need cash fast to pay bills
200
How many electoral college votes to win the presidency?
270
200
What is this 
Whisk
300
What are the opportunity costs of staying at home on a Friday night working on homework?
Time spent with friends, memories, etc.
300
Differentiate between a debit and credit card
Debit coming from checking account, small purchase. Credit card pay later, normally larger purchases.
300
What is the main, fundamental difference between a Republican and a Democrat?
Republican - small gov't and states rights
Democrat - bigger gov't and more powerful cental gov't
300
What is this? 
Dicer
400
Define marginal cost
the cost added by producing one additional unit of a product or service
400
What is the purpose of the FDIC
To federally ensure your money is safe in a bank
400
Differentiate between a theocracy and an oligarchy
Theocracy - religious group in charge
Oligarchy - a small group (usually wealthy) in charge
400
What is this?
Colander
500
Define law of diminishing returns
a principle stating that profits or benefits gained from something will represent a proportionally smaller gain as more money or energy is invested in it
500
Differentiate between principal and interest
Principal is the amount of money that is borrowed from a creditor
Interest is the amount of money that is charged over time for using credit, written out as a percent of the principal
500
Describe the process of creating a law
Idea from public. Congress person writes a bill. Goes to committee. Needs 2/3 vote. Presidential either signs or vetoes.
500
What is this?
Skimmer