Influences on Constitution
Which document is the plan for government and is the law of the United States?
The U.S. Constitution
Who is the leader of the United States of America?
President
What are taxes?
Money paid to the government
What is the Federal Reserve?
The bank of the Untied States
What is the exchange of goods between different countries?
Global Economy
Who is the father of the U.S. Constitution?
James Madison
If the president dies, who is the next president?
Vice President
Which level of government collects sales tax?
State
What is fiscal policy?
how the President and Congress helps the economy
What are things that can be used to produce goods and services?
Resources
What does influence mean?
to share ideas
Who has the power in a republic?
The people
Which level of government collects taxes?
All three levels - Federal, State, and Local
What is Interest?
extra percent paid to borrow money
What are goods that come into a country for sale?
Imports
Which document declared independence from England and created the United States?
Declaration of Independence
Who are the nine (9) best judges in the country?
Supreme Court Justices
If you buy something that costs $13.65, how much is 10% sales tax?
$1.36
What is recession?
when there are not many jobs in the economy
What is consumption?
to use a resource, example: a car uses gasoline
Which document separated church and state?
Virginia Statue of Religious Freedom
The group of people who control a country are called the _________?
If a product costs $13.65 and the sales tax is 10%, what is the total price?
$13.65 + $1.36 = $15.01
What is Congress action on inflation?
Tax goes down ↓, Spending goes up ↑
What is NAFTA?
North American Free Trade Agreement