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Government Final
Financial Literacy
13
Other
10th Grade
06/19/2010

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Cards

Term
What are the 4 types of Economies?
Definition
Traditional, Free Market, Command, & Mixed Economy
Term
What are the 4 factors of production?
Definition
Land, Labor, Capital, & Entrepreneurship
Term
What are the 4 phases of the business cycle?
Definition
Expansion, Peak, Trough & Recession
Term
The first 10 amendments...
Definition
Bill of Rights
Term
The opening section of the Constitution
Definition
Preamble
Term
Powers shared by the state and federal governments
Definition
Concurrent Powers
Term
____________ & balances; a system in which each branch of government is able to check, or restrain the power of others.
Definition
Checks
Term
Supporters of the Constitution
Definition

Federalists

 

Term
A form of government in which power is divided between, national, federal, government and states
Definition
Federalism
Term
__________ branch; the lawmaking branch of government
Definition
Legislative
Term
A want is...
Definition

Anything that a person has a desire to have

(Ipod Touch, Cell Phone, Laptop, Cartilage Piercing)

Term
A need is...
Definition
Something that a person is unable to live without (food, shelter, clothing, water)
Term
scarcity is...
Definition
When you don't have a lot of something
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