Show:
3 Branches
Criminal and Civil Law
US Economy
Money and Banking
Miscellaneous
100
What are the checks the executive branch has on the legislative and judicial?
Legislative-call a special session of congress and veto bills Judicial-nominate judges
100
What are the two types of criminal cases?
Felony and misdemeanor
100
What type of economy does the US have?
Mixed Market
100
What is the central bank of the US?
Federal Reserve
100
Which court case established judicial review?
Marbury v. Madison
200
What are the checks the legislative branch has on the executive and judicial?
Executive-impeach president Judicial-impeach judges
200
What is the difference between a civil and criminal case?
Civil-people who have suffered losses are seeking damages Criminal- crimes
200
What occurs when we lack the resources to produce the things we want?
Scarcity
200
What is reserve requirement?
The term for the amount of money that the Fed requires banks keep in its safe or in a Federal Reserve rather than make available for loans.
200
Recite the Preamble
We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and posterity, do ordain and establish this Constitution for the United States of America.
300
What is the chief executive of Virginia?
Governor
300
What Virginia court hears criminal cases?
General District court
300
How the government promote marketplace competition?
It promotes business startups, engages in global trade, and enforces anti-trust laws.
300
What happen to the funds available for individual and business spending when the government increases taxes? Increased government borrowing?
The decrease in both cases.
300
What is difference between a product market and a factor market?
Product market- goods and services Factor market- resources
400
What is the lawmaking body of Virginia?
General Assembly
400
What are the steps in a civil case?
Hire lawyer Complaint Summons Pre-trial Trial Verdict
400
What is the struggle between buyers and sellers to get the best products at the lowest price known as?
Competition
400
What are the four functions of money?
Store of value Unit of account Medium of exchange Standard of deferred payment
400
What is federalism?
The term for the system of government in which power is divided between the federal government and states.
500
What are the checks the judicial branch has on the executive and legislative?
Executive-declare presidential actions unconstitutional Legislative-declare laws unconstitutional
500
What are the steps in criminal case?
Arrest Booking Preliminary Hearing Indictment Arraignment Trial Verdict Appeal
500
What is free enterprise?
Individuals and businesses can do what they want with minimum government interference.
500
What are the Fed's primary roles?
Banker's bank Government's bank Trust in the nation's monetary policy
500
What is the purpose of public goods and services and how are they different from goods and services?
Public goods and services are thing like interstate highways and national defense. They're things that individuals and businesses could not provide for themselves. Goods and services are provided by businesses.