Economics
What is the term for the money used to buy goods and services?
What is currency?
What is the system called where citizens vote to make decisions?
What is democracy?
What happens to prices when demand increases and supply stays the same?
What is they go up?
What type of government is ruled by a king or queen?
What is monarchy?
What is the largest continent in the world?
What is the study of how people use resources?
What is economics?
What is the main purpose of government?
To create and enforce laws that maintain order and protect citizens.
What do we call the amount of a product available for sale?
What is supply?
What type of government allows for the rule of law and protection of individual rights?
What is constitutional government?
Name the river that is the longest in the world.
The Nile River.
What do we call a situation where there are limited resources to meet unlimited wants?
What is scarcity?
What document outlines the fundamental laws and principles of a government?
What is a constitution?
If there is too much supply of a product, what might happen to its price?
What is it may decrease?
What is the term for a form of government where one person or small group has absolute power?
What is Dictatorship?
What is the capital of the United States?
Washington D.C.
What is the purpose of money?
To serve as a medium of exchange, a unit of account, and a store of value.
What is suffrage?
The right to vote
400: What is the term for the willingness and ability of consumers to buy a product?
What is demand?
Name a government system where citizens elect representatives to make decisions on their behalf.
What is a representative democracy?
Define "latitude."
The distance north or south of the Equator, measured in degrees.
How does international trade benefit countries?
It allows countries to access goods and services they do not produce domestically and can lead to economic growth.
What document outlines the rights of American citizens?
The Bill of Rights.
What happens when demand exceeds supply?
What is a shortage?
What is a lack of government?
Anarchy.
What are the five Great Lakes?
Lake Superior, Lake Michigan, Lake Huron, Lake Erie, Lake Ontario