Legislative Branch
What are the houses of Congress?
The House of Representatives and the Senate
Which article of the constitution establishes the Executive Branch?
Article II
Which article establishes the Judicial Branch?
Article III
What is Federalism?
The division of power between the federal government and the state government
What is scarcity?
The inability to satisfy all wants at the same time
What type of Legislature does Congress have?
A Bicameral legislature
Who elects the president in the US?
The Electoral College
What is the highest court in the US?
The United States Supreme Court
What is the purpose of checks and balances?
To make sure that not any one Branch of government gets too powerful
What is opportunity cost?
What is given up when a choice is made; the second best alternative.
How many Senators does each state get?
2
How many electoral votes are needed to win the election?
270 electoral votes
What is jurisdiction?
The power to oversee or rule a case.
What is the rule of law?
No one is above the law; all people are equal under the law.
What is inflation?
A rise in prices over time
What is the first 4 steps of making a law?
1) Introduction of the bill in either house
2) Bill assigned to and worked on in a committee of either house
3) Bill debated on the floor of either house
4) Bill voted on in either house
What is the presidents ability to be able to not sign a bill into law called?
Veto
What court case established the power of Judicial Review?
Marbury v. Madison
What were the Articles of Confederation?
The first written plan of government in the US
What is a mixed economy?
An economic system where there are both private choices and government involvement.
How long is the term of a senator?
6 years
How many terms can a president run?
2 terms max
What is the Supreme Law of the land?
The US Constitution
What is the elastic clause?
A clause allowing Congress to stretch to stretch its powers to carry out necessary duties
What is equilibrium price?
The point where supply and demand meet