Show:
Taxes
Goods & Services
The Constitution
International Trade
Economic Systems
100
The federal level of government collects taxes through
income tax
100
A shirt is an example of a _____________.
good
100
The Bill of Rights was written by
James Madison
100
The advantage of international trade is that it makes most Americans' lives _________________.
better
100
How many economic systems are there?
four
200
The state level of government collects taxes through
sales tax
200
Things you can touch, hold, or see are examples of ________________.
goods
200
The first 10 amendments to the Constitution are called
The Bill of Rights
200
The disadvantage of international trade is that some workers lose their _________________.
jobs
200
In a ______________ economy the people have no choice.
command
300
The local level of government collects taxes through
property tax
300
Something that you pay someone else to do for you-like wash your car is an example of a _______________.
service
300
Which amendment guarantees freedom of religion?
1st amendment
300
goods we get from other countries
import
300
In a ___________ economy there is profit and competition.
free market
400
Taxes on your house or car is an example of which type of tax?
property tax
400
A cookie is an example of a ________________.
good
400
Which document says the government can collect taxes?
the Constitution
400
goods we send to other countries
export
400
The United States is an example of this type of economy.
mixed economy
500
Tax on things you buy at the store is an example of what?
sales tax
500
Name one example of a good and one example of a service.
Answers will vary.
500
Besides the Constitution name one other document we have talked about in this class.
Magna Carta Bill of Rights Declaration of Independence English Bill of Rights Virginia Declaration of Religious Freedom
500
What is one reason we import goods (like clothes and backpacks) from other countries?
they are cheaper or less expensive
500
Name the 4 types of economies we have learned about
Free Market, Command, Traditional, Mixed