Vocabulary
A system in which the government plays a LIMITED role in the economy.
What is a free enterprise
The study of government
What is political science
What are the 3 basic economic questions that every society must answer?
What is
1. What goods and services should we produce?
2. How should we produce them?
3. For whom should we produce them?
Who owns businesses in a free enterprise system?
Who are the Citizens
In 1776, the ____________________________ stated the idea that every person had basic rights that could not be taken away.
What is the Declaration of Independence
Exchanging money for goods and services
What is a Cash Economy
Studies that relate to human society and human behavior
What is social science
What are people's basic needs that a society's economic task must fulfill?
What is
1. food
2. shelter
3. clothing
What gives businesses an incentive, or a reason, for working harder?
What is Competition
What are "inalienable rights"
What are rights that cannot be taken away
The study of how people manage limited resources to satisfy their needs and wants.
What is economics
The study of the rights and responsibilities of citizens
What is civics
Decisions about what to produce vary according to the ? (2 things)
What is
1. the time
2. the culture
Social sciences relate to human society and _________________________?
What is social behavior.
What 3 inalienable rights are listed in the beginning of the Declaration of Independence?
What are life, liberty and the pursuit of happiness
User of goods and services
Consumer
The study of how people behave in groups
What is Sociology
What plays a major role in deciding on how a society will produce goods and services?
What is Technology
List 3 Social Sciences.
What is political science, civics, anthropology, sociology, psychology, economics, history, geography.
The addition of the ___________________________
to the constitution ensured individual rights to all Americans?
What is the Bill of Rights
The study of how people and culture develop
What is Antropology
The study of human behavior
What is psychology
What 2 things determine the goods and services you can consume?
What is your income and your wealth
The basic principles and organization of American government are contained in the _______________?
What is the Constitution of the United States.
What responsibilities of American citizens?
What is obey laws, voting, and serving in the military.