Productive Resources
A tree is an example of what type of resource?
Natural Resource
Which of the following is provided by the government using taxes?
a. barber shop
b. clothing store
c. police officers
d. grocery store items
c. police officers
What are the three branches of the Federal (National) Government?
Legislative, Executive, and Judicial
What are the three branches of the State Government?
Legislative, Executive, and Judicial Branch
Jimmy wants to open his own car repair shop. He has plenty of workers, but he does not have a building. What type of resource is the building?
Capital Resource
Who is a consumer?
Someone who buys good and services
Who is the leader of the executive branch?
The President
Who is the leader of the Legislative Branch?
The General Assembly
Jennifer works for the Coca Cola company as a truck driver. What type of resource is Jennifer?
Human Resource
What does the government do with taxes?
Provide services to citizens
What is a responsibility if the Judicial Branch?
Determine if laws are fair and follow the US Constitution
What is a responsibility of the Executive Branch?
To enforce the laws
On weekends, Josh pulls his lawnmower behind his bike and mows people's lawns for $20. What is Josh?
An entrepreneur
Sasha has been saving up her money for a new phone. She has enough to buy it, but her old phone still works just fine. What is Sasha’s opportunity cost if she decides to go ahead and buy the new phone?
Her opportunity cost is a larger savings amount
Why are there 9 Supreme Court Justices?
So that there cannot be a tie on important decisions.
What document describes how the state government is structured?
The Georgia Constitution
One of the student clubs at Maria's school is running a market to raise money. Maria goes to the market with her friend Paul. Maria buys a baseball hat, Paul buys a skateboard.
How were the baseball hat and the skateboard allocated?
By price
Georgia grows a lot of peaches. Peaches do not grow well in Hawaii. Hawaii grows pineapples, but Georgia does not. How do the two states meet their needs?
The two states trade fruits with each other.
Which branch of government has the most power?
All branches share equal power and have different responsibilities.
In order to protect the rights of people in the U.S. and help people in need, it is important that the U.S. government pass what type of laws?
Laws that promote the common good