Supply and Demand-ing
This 18th-century thinker, considered the father of economics, believed individuals acting in their own self-interest would unintentionally benefit society.
Adam Smith
Canada currently uses this "winner-takes-all" voting system where a person is elected by receiving the most votes in a specific geographic area.
First Past the Post
This branch of the Canadian government is focused on the development of new laws (bills) and how tax dollars are spent.
Legislative Branch
This party’s focus includes the growth of the middle class, globalism, and economic equality through a progressive taxation model.
The Liberal Party of Canada
This is the power of the American President to reject a bill passed by Congress, though it can be overturned by a two-thirds majority in the legislature.
A Veto
This economic model, dominant before classical theory, suggested that global wealth was static and that nations should maximize exports while minimizing imports.
Mercantilism
In the Canadian federal system, the country is divided into 343 of these geographic areas, each represented by one person in Parliament.
Ridings
This group of elected Members of Parliament is appointed by the Prime Minister to be responsible for specific portfolios, such as defense or health.
Generally endorsing free-market policies and military expenditures, this party believes in a strong federal system and returning to right-leaning policies.
Conservative Party of Canada
This term describes the American legislative body (Congress) because it is made of two chambers: the Senate and the House of Representatives.
Bicameral
This economist argued that population growth would double every 25 years, eventually outpacing food production and leading to widespread "misery."
Thomas Malthus
This alternative voting system, used in countries like Sweden, distributes seats in parliament based on the total percentage of votes a party receives.
Proportional Representation
Appointed by the Prime Minister, this "upper chamber" of the Canadian legislature is intended to provide regional representation and a "sober second thought."
The Senate
This party supports a mixed economic approach and advocates for expanding public healthcare to include dental, prescriptions, and vision.
The New Democratic Party (NDP)
What are the two main parties in America
Republicans and Democrats
John Maynard Keynes proposed that during a recession, the government should use this strategy of higher spending and lower taxes to stimulate the economy.
Demand-Side Economics
This type of government is formed when the winning party holds more than 50% plus one of the total seats in the House of Commons.
Majority Government
This branch is a completely separate legal system that deals with challenges against the government and major crimes.
The Judicial Branch
This federal party focuses on environmental stewardship and the identity and potential secession of its namesake province.
The Bloc Quebecois
Who makes up the Executive branch in the American government?
President and Vice President
Advocated by figures like Milton Friedman and Friedrich Hayek, this economic approach emphasizes deregulation and tax cuts to encourage production.
Supply-Side Economics
This event occurs when the House of Commons votes against a government on an important issue like a budget, requiring the government to dissolve and hold a new election.
Vote of Non-Confidence
This is the final stage of the legislative process, where the Governor General signs a bill to officially make it a law.
Royal Assent
This party’s platform is based on six core principles, including Wisdom, Social Justice, and Sustainability.
The Green Party
These are the three requirements for a person to run for President of the United States.
- Natural-born citizen
- 35 years old or older
- US Resident for 14 years