Economic Vocab
Government Vocab
People
Court Cases
Documents & Books
100
The real cost of an item; what you must give up in order to get it.
What is opportunity cost
100
A procedural practice in the Senate whereby a senator refuses to relinquish the floor and thereby delays proceedings and prevents a vote on a controversial issue.
What is filibuster
100
It required that suspects in police custody be advised of their rights.
What is Miranda v. Arizona
100
Sent to King George from the colonists before the revolutionary war. "All men are created equal..."
What is Declaration of Independence
200
The total number of people who are actively looking for a job but aren't currently employed.
What is unemployment
200
The legal process whereby an alleged criminal offender is surrendered by the officials of one state to officials of the state in which the crime is alleged to have been committed.
What is extradition
200
Known as the Teflon President.
What is Ronald Reagan
200
A young black girl was denied admission to the local white elementary school. Her father took it to court and it was eventually ruled that separation is inherently unequal.
What is Brown v. Board of Education in Topeka, Kansas
200
Condition of the antifederalists in order to ratify the constitution.
What is the Bill of Rights
300
Pairs of goods for which a rise in the price of one of the goods leads to am increase in the demand for the other good.
What is substitutes
300
He founded one of the four schools of economics as well as created new economic policies during the time of the Great Depression and he believed that government intervention was necessary to mitigate the negative effects of economic recessions and depressions.
What is John Maynard Keynes
300
A black quota and affirmative action was declared unconstitutional.
What is Regents of California v. Bakke
300
Karl Marx's book on the dangers of capitalism.
What is Das Kapital
400
The total value of all final goods and services produced in the economy during a given year.
What is real GDP
400
Congressional legislation that gives further meaning to the Constitution based on sometimes vague constitutional authority, such as the necessary and proper clause.
What is congressional elaboration
400
He reinterpreted the consumption function, was a strong supporter of monetarism, opposed government intervention and was the economic advisor for Ronald Reagan.
What is Milton Friedman
400
It was decided that white primaries were unconstitutional.
What is Smith v. Allright
400
Written by Adam Smith and discussed the invisible hand.
What is the Wealth of Nations
500
A price measure for a given year that is equal to 100 times the ratio of a nominal GDP to real GDP in that year.
What is GDP deflator
500
The political arm of an interest group that is legally entitled to raise funds on a voluntary basis from members, stockholders, or employees to contribute funds to candidates or political parties.
What is Political Action Committee
500
A lawyer who originally worked for the NAACP and then became a Supreme Court justice.
What is Thurgood Marshall
500
They decided that the bill of rights establishes a right to privacy even when it comes to contraception. The government cannot involve themselves in a couples marital life.
What is Griswald v. Connecticut
500
Essays promoting the ratification of the constitution.
What is the Federalist Papers