People
The Author of the Declaration of Independence
Who is Thomas Jefferson?
The number of years Senators serve for during each term.
What is 6 years?
Unemployment is regulated by this kind of policy.
What is Fiscal Policy?
An economy where the government regulates production.
What is command
Items that are bought and sold in a market.
What are goods and services?
The Author of "The Wealth of Nations"
Who is Adam Smith?
The number of amendments to the U.S. Constitution since the Bill of Rights.
What is 17?
Creation of the pyramids was supported by this economic strcutre.
What are taxes?
An economy where the market regulated production
What is a Market Economy
A system of government where the states have the executive authority.
What is confederal?
The Primary Author of the Federalist Papers
The total number of congressmembers.
What is 535?
In societies that used grain instead of coinage, this was likely their primary industry.
What is agriculture?
An economy where traditions/customs regulate production
The total amount of money that a business brings in. (Without considering the cost of production)
What is revenue?
The primary Author of the Constitution
Who is James Madison?
The current chief justice of the Supreme Court.
In feudal societies, wealth was often measured more by ownership of this than by cash.
What is land?
A feudal system where serfs are bound to their lords by duty and law is most closely related to which economic system.
What is a command economy?
When suppliers produce below the equilibrium point.
What is a shortage?
The Founder of "Monetarism"
Who is Milton Friedman?
What were the 3 "reconstruction amendments", and what did they each do?
13th - Freed the Slaves (Except as punishment for a crime)
14th - Established "Equal protection under the law"
15th - Provided "all" men the right to vote.
In Babylon they had clean slate policies which wiped a person's debts and in some cases debt slavery which created this benefit in the economy.
What is an increase in production?
The most accurate way to describe the modern United States Economy.
What is a mixed economy?
The accuser in a civil court case.
Who is the plaintiff?