Legislative Branch
What is the Main role for the Legislative Branch?
Make laws for the nation
Who is the Executive Branch led by?
The President of the United States
What is the Judicial Branches main role?
Interpret the laws of the nation
What is a Political Party?
What is Scarcity?
The inability to satisfy all wants and needs at the same time
What is the Legislative Branch also known as?
U.S. Congress
Enforce/Enact/Execute the laws of the nation
What is Jurisdication?
The Power to oversee or rule on a case
What were the first two major parties?
Federalists and Democratic-Republicans
What is Factor of Production?
The resources used to create goods and services
What are the two chambers of the Legislative Branch?
House of Representatives and Senate
Chief of State
Which court has 9 Justices, Appellate Jurisdiction, and holds Limited Original Jurisdiction for specific cases?
U.S. Supreme Court
What are Third Parties?
Third parties sometimes form around single issues or new ideas
What does Economy mean?
Wealth & resources of a place and how they are used in production and consumption of goods/services
How much members are in the House of Representatives?
435 Members
What is the Executive Branch structured as?
A Bureaucracy
Which court has a Judge and Jury (If necessary) and Exercises Original Jurisdication?
U.S. District Court
When is the Presidential Election?
Every 4 years in November
What is Opportunity cost?
What is given up from the second-best alternative when a choice is made
Where does the Bi-Cameral Legislature structure come from?
What is the Electoral College?
A system used to elect the President and Vice President of the United States
Which court has a panel of judges, no jury, and exercises Appellate Jurisdiction
U.S. Court of Appeals
What are the qualifications to register to vote in Virginia?
2. Resident of Virginia and precinct
3. At least 18 years of age by the day of general election
What're the Basic Economic Questions?
1. What goods/services will be produced?
2. How will goods/services be produced?
3. Who goods/services will be produced for?