Government
Name the three branches of our government
Executive, Legislative, Judicial
What is trade?
The exchange of goods and services.
What is a citizen?
A person that belongs legally to a country
Name five examples of resources
Wood, Oil, Water, Coal, Gas
What is a limited government?
Government actions are restricted by law to protect people's rights
What's the difference between importing and exporting?
Importing: You buy products to another country
Exporting: You sell products to other countries
What is naturalization?
When immigrant people become US citizens
Name the three types of resources
Land, Labor, Capital
Explain the "democracy"
People are the ultimate source of government power
Explain the comparative advantage
The country's ability to produce a product more efficiently than other countries or other products.
Talk to us about your country in the UN week
:)
What is scarcity? Give an example
Having a limited amount of resources to meet unlimited wants.
Explain what is a monarchy
The state is headed by a monarch (tiplically a king or queen).
The position is inherited by family members.
Explain the interaction between trade and location (or geography).
Countries near each other trade at a lower cost.
Sing your favorite song
:)
Explain the interaction between producers and consumers
Producers sell good to the consumers, they provide them with what they need.
Explain the federal system with its parts
Is divided in:
Central government: Responsible for national affairs.
Regional governments: include state governments
Local government: includes country and town governments
What's the difference between domestic and international trading?
Domestic is inside the country, international is between countries.
Name the three requirements to become a US citizen
Be at least 18 years old
Not having a criminal record
Know how to read, speak and write in English
Explain the economic system you like the most and why
Market, Command, Mixed