Executive
What is the job of the Executive branch?
To enforce the rules and lead the country
What is the job of the Legislative branch?
To write and pass bills
What is the job of the Judicial branch?
To decide if laws are fair
To decide if someone breaks the law
What 3 things can you buy in the stock market game?
Stock, Bonds, and Mutual Funds
In economics, risk is:
Your chance of losing money
Who are 2 people in the Executive branch?
President, Prime Minister, Ministers, Cabinet members
Who is 1 person in the Legislative branch?
Representative, assembly men
Who are 2 people in the Judicial branch?
Judges, lawyers, jury, prosecutor, bailiff
Something that you have to have to survive is called a:
Need
A rule everyone in a country must follow is called a:
Law
What special power does the president have to immediately deny a bill?
Veto
How does the Legislative branch check the Executive branch?
Impeachment
How does the Judicial branch check the Legislative branch?
Rules a law as unconstitutional
What is the difference between a service and a good?
Service = something you buy and cannot touch
Good = something you buy and can touch
When you plan how much money you will spend or save it is called:
A budget / budgeting
How can the Executive branch keep the Judicial branch from becoming too powerful?
They appoint the judges
How does the Legislative branch check the Judicial branch?
Impeachment
How does the Judicial branch check the Executive branch?
Rules a law as unconstitutional
What is the difference between a brand and a company?
A company produces a product or brand. A brand is just the name of a product.
The time where you vote for a government official is called an:
Election
What document tells the government what it can and cannot do?
The constitution
What is the Legislative body called in South Korea?
The National Assembly
The process of making sure one branch of government does not become too powerful is:
Checks and Balances
In order to make your stock portfolio safer, you should buy stocks from many different sectors and industries. This process is called:
diversification
Any water that falls from the sky (rain, snow, sleet, etc.) is called:
Precipitation