A loss of potential gain from something that was chosen instead of choosing the other thing.
What is the definition of opertunity cost?
100
An increase in prices that fall in the purchasing value of money.
Inflation means...
100
The right vested in one branch of government to cancel or postpone disicions of other branches.
What does veto mean or do?
100
Makes disicions regarding production, prices of goods, and distribution that are based on supply and demand.
What is a market economy?
100
Outcome of human efforts to meet ones wants and needs.
What is goods and services?
200
An economic system that make up the goods of produce and keeps the beliefs and are often farm based.
What is a traditional market?
200
Government does not have all power because it is limited by the Constitution.
What is limited government?
200
The government has the power to rule from the people.
What is popular sovereignty?
200
The governments power is unlimited in hands of an indivisual or a small group of people.
What is the meaning of dictatorship?
200
A government that is ruled by or subject to religious authority.
What is oligarchy?
300
Gives men and women the equal voting rights.
What is the 19th amendment?
300
Money that may be worth more in one country but be worth less in another.
What is exchange rate?
300
A control of organizations that are by group or a majority of members.
What is a democracy?
300
A well planned economy that is greatly checked and well nourished.
What is a command economy?
300
Tenth- Powers
Ninth- Poeple have more rights then the ones listed
eighth- No cruel and unusual punishment
seventh- right to trial by jury in civil cases
sixth- Public trial, fair, and impartial jury
What are one's miranda warnings?
400
Yes
Would the FBI deal with interstate crimes?
400
trough/depression
GDP is all time low ____
400
Anarchy
No government ____
400
Everyone who is registered to vote.
WHo is allowed to vote in an open primary?
500
outputs
Investment in human capital results in greater _______.
500
A king or queen is head of state and are above their people
What is a monarch?
500
Would increase the discount rate by the federal reserve board.
What would happen if GDP is high and CPI is high?
500
Transporting goods to other countries, for example I have a shirt that is from China but I live in the United states.