GOVERNMENT
The interpretation and application of the U.S. Constitution and state constitutions.
What is Constitutional?
You have been summoned to appear in court to help with a trial.
What is Jury Duty?
money for investment
What is Capital?
The number of years a person is expected to live.
What is life expectancy?
This document created to limit the power of the government.
What is the Constitution?
Everyone has to obey the law and the Constitution, even government institutions.
What is Limited Government?
Accepting the risk of starting and running a business.
What is Entrepreneurship?
The ability to read and write.
What is literacy?
The laws protect citizens rights.
What are The Bill of Rights?
Legal activities through which a citizen influences public policy.
What is political process?
land, labor, capital, entrepreneurship
What is factors of production?
Materials found in the earth and used to produce goods and services that people need and value.
What are Resources?
The first 10 Amendments of the Constitution.
What are the Bill of Rights?
A form of government in which the ruler is an absolute dictator (not restricted by a constitution or laws or opposition etc.)
What is Totalitarian?
Economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference.
What is free enterprise?
An economy in which production, investment, prices, and incomes are determined centrally by a government.
What is command economy?
gives the U.S. government the power to prevent companies from merging together if the merger will reduce competition.
What is Clayton Antitrust Act?
The leaders don't have to follow the same laws as everyone else.
What is Unlimited Government?
GDP divided by population
What is GDP per capita?
Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy.
What is Human Development Index (HDI)?
A form of government in which citizens choose their leaders by voting.
What is a Republic?
A measurement of the total goods and services produced within a country.
What is Gross Domestic Product (GDP)?
The quantity of goods and services produced from each unit of labor input, output per unit of input.
What is Productivity?
People choose their leaders by making a choice in elections.
What is Voting?
to work,or people in the workforce
What is labor?
Materials found in the earth and used to produce goods and services that people need and value.
What are Resources?
Taxes on imported goods from other countries.
What are Tariffs?
Economic decisions are made by individuals or the open market.
What is market economy?
Market-based economic system with limited government involvement.
What is mixed economy?
A government agency established in 1914 to prevent unfair business practices and help maintain a competitive economy.
What is the Federal Trade Commission?
laws that encourage competition in the marketplace
What are anti-trust laws?
1890 law banning any trust that restrained interstate trade or commerce.
What is the Sherman Antitrust Act?