What a person gives up by choosing one way of using resources instead of another.
What is opportunity cost?
100
When a product is easy to get.
What is surplus?
200
A type of production in which different workers do different parts of the job.
What is division of labor?
200
This amendment is part of the Bill of Rights. It gives you your freedom of speech, freedom of press, right to assemble and right to petition.
What is the 1st amendment?
200
This amendment gave women the right to vote.
What is the 19th amendment?
200
The total amount of things that a group of people can produce.
What is productive capacity?
200
An annual fee on the amount of money a person makes, collected by state and federal government.
What is income tax?
300
The amount of a product that consumers are willing and able to buy at a certain price.
What is demand?
300
If a baby is born in another country, but one of it's parents is a U.S. citizen, then the baby...
is also an American citizen.
300
This amendment changed the national voting age to 18.
What is the 26th amendment?
300
1- You put money in the bank and the bank holds it for you.
2- A bank account in which you put money in the bank so that it can be taken out slowly over time.
1- What is a savings account?
2- What is a checking account?
300
The total amount of a product that producers are will to make and sell at a certain price.
What is supply?
400
A plan of government.
What is constitution?
400
This amendment is part of the Bill of Rights. It gives you the right to have no search (papers, persons, houses) and seizure without reason (warrant).
What is the 4th amendment?
400
This amendment gave African Americans citizenship.
What is the 14th amendment?
400
These 5 things improve productive capacity.
What is resources, technology, capital goods, specialization, and division of labor?
400
The right to express any opinions without censorship or restraint that is protected by the First Amendment to the Constitution.
What is freedom of speech?
500
A fee on things people buy that is collected by the government.
What is sales tax?
500
The responsibilities and duties of citizens. (Hint: There are 5)
1. voting
2. obey the law
3. pay taxes
4. serve on juries
5. registering for the military (men)
500
This amendment ended poll taxes or taxes charged to vote.
What is the 24th amendment?
500
3 reasons to save money.
1. for emergencies
2. to buy something
3. to be able to stop working/retire