Vocab
something guaranteed, that the government cannot take away
Right
Less taxes
Conservative
a sample that reflects the demographics of the population
Representative Sample
economic policy in which governments intrude as little as possible in the economic transactions between citizens and businesses
Laissez Faire
Mr. Gomez dream watch
Rolex Perpetual Oyster Tiffany
a federal program that provides health care for the poor
Medicaid
Liberal
the principle that no one, including public officials, is above the law
Rule of law
who was an early believer of a free market economy
Adam Smith
Mr Gomez dream golf course to play
St Andrews/Pebble Beach/ Whistling Straits
something a person may obtain or receive, but that government can take away
Privilege
pro abortion
Liberal
Human beings have inherent rights that the government cannot take away.
Checks and balances; written constitution; federalism; Bill of Rights.
Limited Government
the total value of goods and services produced by an economy
Gross Domestic Product
Mr. Gomez dream sporting event
The Masters @ Augusta National
a federal program that provides health insurance to seniors and the disabled
Medicare
Pro School Choice
Conservative
economic policy in which government dictates much of nation’s economic activity, including the amount of production and price for goods
Command and Control Economy
the cost of a fixed basket of goods and services over time, used to measure the cost of living
Consumer Price Index (CPI)
Mr. Gomez Dream retirement town/city
Malaga, Spain
the sum of individual attitudes about government, policies, and issues.
Public Opinion
Gandhi
Libertarian
economic policy in which many economic conditions are left to individuals and businesses, with the government regulating economic activity
Mixed Economy
government use of taxes and spending to attempt to lower unemployment, support economic growth, and stabilize the economy
Fiscal Policy
Mr. Gomez's death row meal
Appetizer- Tostones and Ceviche
Entree- Paella
Sides- garlic mashed, german potato salad, walnut and goat cheese salad w apples and a lemon vinaigrette dressing
Dessert- Cheesecake/ Bourbon Pecan pie