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Executive Branch
Judiciary
Economic Markets
Economic Terms
Random
100
Who or what approves mostly all of the presidential appointments
What is Congress (Both House and Senate)
100
The person in a case who files the suit
What is a Plaintiff
100
An arrangement that allows buyers and sellers to exchange things
What is a Market
100
When prices are high, the demand for a popular product still remains high describes which law.
What is Law of Demand
100
What religion have most Presidents been?
What is Protestant
200
The power to execute the laws that Congress creates is known as:
What is Executive Power
200
A court which has power to hear cases on appeal
What is Appealate Courts
200
According to the Guns and Butters Concept, if a country invests a lot in the military, will they spend more or less on consumer goods
What is Less
200
When quantity supplied exceeds quantity demanded
What is Surplus
200
In our court system, which courts hear the most cases, State or Federal courts
What is State Courts
300
An election in which the candidate from each party is chosen
What is Primary Election
300
The review of laws to see if they are constiutional
What is Judicial Review
300
The idea that competition and self interest act together to control the marketplace describes this concept
What is the Invisible Hand
300
The change in consumption that results from a change in income
What is Income Effect
300
A judge who interprets laws according to changes in conditions and values is called:
What is an Activist Judge
400
A large and complex administrative structure that handles everyday business of an organization
What is a bureaucracy
400
How can the Senate make a President's life difficult when it come to Presidential appointments
They have the power to disapprove of his judicial appointments
400
What has Adam Smith said about the evolvement of government intervention in free market economies
What is Increased Government Intervention
400
An absence of competition characterizes which economic term
What is a Monopoly
400
Another word for agreement is:
What is Concurrence
500
A controversial concept which allows the president to veto only certain items in a veto
What is Line Item Veto
500
The idea that the POTUS strongly considering candidates for judges recommended by a Senator from the area that judge will serve is known as:
What is a Senatorial Courtesy
500
Why do we have Markets?
We are not self sufficient, and we need to buy what we cannot produce
500
When demand changes little or not at all when price changes best describes:
What is Inelastic Demand
500
When consumers react to increase in goods prices by consuming less of that good and more of another cheaper good
What is the Substitution Effect