| Term | Definition |
|
14TH AMENDMENT |
defines a citizen as anyone “born or naturalized in the United States” |
|
24TH AMENDMENT |
Ended the poll tax, allowed a citizen to vote in a presidential or congressional election, whether they could pay or not to benefit the lower-class citizen, banned poll taxes in both state and national elections |
|
3/5 COMPROMISE |
every 5 slaves counts as 3 people when considering the population of a state |
|
ABSOLUTE MONARCHS |
a monarch that has complete and unlimited power to rule their people |
|
ACID RAIN |
when coal-burning factories release sulfur dioxide gas into the air, and it mixes with water vapor, it falls to the earth |
|
AFFIRMATIVE ACTION |
programs to try to make up for past discrimination |
|
ALIENS |
non citizens |
|
ANTI-FEDERALIST |
opposed the Constitution and felt that it gave too much power to the national government and took too much away from the states |
|
APARTHEID |
system of laws that separated racial and ethnic groups and limited the rights of blacks in South Africa |
|
ARTICLES OF CONFEDERATION |
1st constitution for the US; Set up a 1 house legislature; couldn’t enforce laws, pay taxes, and couldn’t amend unless all states agreed |
|
AUTHORITARIAN |
a government where one leader or group of people holds absolute power |
|
BALANCE OF TRADE |
the difference between the value of a nation’s exports and its imports |
|
BANDWAGON |
persuasive, everyone is voting for me so you should too |
|
BICAMERAL |
the government is divided into two parts, or houses |
|
BILL OF RIGHTS |
first 10 amendments |
|
CAPITAL |
previously manufactured goods used to make other goods and services, these are the tools, machinery, and buildings used to make products |
|
CAPITALIST SYSTEM |
a system where private own most, if not all, of the means of production and decide how to use them within legislated limits |
|
CARD STACKING |
when you show what you have done for a past issue, not an issue for the greater good |
|
CENSORSHIP |
government cannot ban printed materials or films merely because they contain alarming or offensive ideas, cannot censor info before it is published |
|
CHECKS AND BALANCES |
Each branch of government is able to check the powers of the other branches to make sure that one branch doesn’t become too strong |
|
CITIZENSHIP |
the rights and privileges of a citizen |
|
CIVICS |
the study of the rights and duties of citizens |
|
CIVIL LIBERTIES |
the freedoms we have to think and act without government interference or fear of unfair treatment |
|
COERCIVE ACTS |
restricted colonies rights |
|
COLLECTIVE FARM |
small holdings that were combined to work jointly by groups of peasants under government supervision |
|
COMMON LAW |
a system of law based on precedent and customs |
|
COMMUNIST PARTY |
one class would evolve, property would all be held in common, and there would be no need for government; the central government directs all major economic decisions |
|
COMPETITION |
the struggle that goes on between buyers and sellers to get the best products at the lowest prices |
|
COMPLEMENTS |
they are used together |
|
CONCURRENT POWERS |
Powers that both levels of government can exercise, examples: power to collect taxes, borrow money, and set up courts and prisons |
|
CONSTITUTION |
written plan for government |
|
CONSTITUTIONAL CONVENTION |
the meeting in Philadelphia where they "revised" the Articles |
|
CONSTITUTIONAL MONARCHIES |
the power of the hereditary ruler is limited by the country’s constitution and laws |
|
CONSUMER SOVEREIGNTY |
describes the consumer as the “king”, or ruler of the market, the one who determines what products will be produced |
|
COST-BENEFIT ANALYSIS |
requires you to compare the marginal costs and marginal benefits of a decision |
|
COURT OF JUSTICE |
world court (ex. trading over seas) |
|
DECLARATORY ACT |
Parliament had the right to tax and make decisions for the colonist |
|
DEMAND |
the desire, willingness, and ability to buy a good or service |
|
DEMAND CURVE |
a graph that shows the amount of a product that would be bought at all possible prices in the market |
|
DEMAND ELASTIC |
each change in price causes a relatively larger percentage change in quantity demand; reduce prices, sales increase – vice versa, when there are attractive substitutes, expensive items, if purchase can be postponed until later |
|
DEMAND ELASTICITY |
the extent to which a change in price causes a change in the quantity demanded |
|
DEMAND INELASTIC |
price changes have little effect on the quantity demanded; turkey at Thanksgiving, few substitutes, we are going to buy it no matter what the price |
|
DEMAND SCHEDULE |
a table that lists the various quantities of a product or service that someone is willing to buy over a range of possible prices |
|
DEVOLUTION |
transferring power to local authorities |
|
DICTATORS |
a ruler who exercises complete control over a state |
|
DIRECT DEMOCRACY |
all the citizens met to debate government matters and vote first-hand |
|
DIRECTION |
Is public opinion on any given topic positive or negative? |
|
DISCOUNT RATE |
the rate the Fed charges member banks for loans |
|
DISCRIMINATION |
unfair treatment based on prejudice against a certain group |
|
DIVISION OF LABOR |
the breaking down of a job into separate, smaller tasks, which are performed by different workers |
|
DYNASTIES |
families that hold power for many generations |
|
ECONOMICS |
the study of how we make decisions in the world where resources are limited |
|
EITC |
gives tax credits and even cash payments to qualified workers |
|
ELECTORAL COLLEGE |
A group of people who would be named by each state legislature to select the president and vice president |
|
ELECTORAL VOTES |
depending on the states population, is how many electoral votes they have, the people in the state vote for the president if that state has a big population then their votes will count for more |
|
ENDORSEMENTS |
someone famous backing you up |
|
ENVIRONMENTAL DISTRUCTION |
coal burning factories, industries and motor vehicles, and acid rain are examples of things destroying the environment; we reduce pollution through conservation to help this issue |
|
EQUILIBRIUM PRICE |
the points at which supply and demand achieve balance |
|
EXCHANGE RATE |
what the price of your nation’s currency is in terms of another’s currency |
|
EXECUTIVE BRANCH |
carries out the laws |
|
EXPRESSED POWERS |
Powers specifically granted to the national government |
|
FACTOR MARKETS |
the markets where productive resources are bought and sold |
|
FCC |
a way the government regulates broadcasting, cannot censor broadcast, can penalize stations that violate rules |
|
FEDERALISM |
form of government in which power is divided between the federal government and the states |
|
FIXED COST |
costs, or expenses that are the same no matter how many units of a good are produced, examples are mortgage payments and property taxes |
|
FOMC |
the most powerful committee of the Fed, because it makes the decisions that affect the economy as a whole by manipulating the money supply |
|
FREE TRADE |
convincing other countries not to pass laws that block or limit trade |
|
GDP |
it is the total value, in dollars, of all the final goods and services produced in a country during a single year; gross domestic product |
|
GENOCIDE |
the deliberate killing of a racial or cultural group |
|
GEORGE WASHINGTON |
Head of the Constitutional Convention, meaning that he led all of the meetings, and the people loved him |
|
GLITTERING GENERALITY |
statement for candidate to look good, no backing up issue though |
|
GLOBAL INTERDEPENDENCE |
people and nations all over the world now depend upon one another for many goods and services |
|
GLOBALIZATION |
individuals and nations working internationally across barriers of distance, culture, and technology |
|
GREAT COMPROMISE |
Combines the Virginia and New Jersey Plan, creates 2 houses: the Senate which had 2 members for each state (New Jersey), and the House of Representatives which was based on the population of the state (Virginia) |
|
HOUSE OF COMMONS |
Serve five-year terms; LAWMAKERS |
|
HOUSE OF LORDS |
Highest court of appeal |
|
HUMAN RIGHTS |
the fundamental rights that belong to every person on earth |
|
IMMIGRANTS |
people who move permanently to a new country |
|
IMPLIED POWERS |
powers that congress has that are not stated explicitly in the Constitution |
|
INCENTIVES |
reward offered to try to persuade people to take certain economic actions |
|
INFLATION |
when the production of goods and services cant keep up with the growth in demand and prices begin to rise |
|
INTENSITY |
refers to the strength of opinion on a given issue |
|
INTEREST GROUPS |
people who share a point of view about an issue sometimes unite to promote their beliefs in a group |
|
INTERNATIONAL TRIBUNALS |
courts with authority from the UN to hear cases and make judgments about violations of international human rights law |
|
INTERNATIONALISM |
the idea that nations should cooperate to promote common aims, such as supporting economic development and fighting terrorism |
|
INTOLERABLE ACTS |
Coercive acts; restricted colonies rights |
|
JUDICIAL BRANCH |
interprets and applies the laws |
|
JURISDICTION |
A courts authority to hear and decide cases |
|
LABOR |
the nations labor force or human resources |
|
LABOUR PARTY |
Gordon Brown; More active role for government; Democrat party |
|
LAW OF DEMAND |
quantity demanded and price move in opposite directions |
|
LAW OF SUPPLY |
the principle that suppliers will normally offer more for sale at higher prices than at lower prices |
|
LEGISLATIVE BRANCH |
lawmakers |
|
LIBEL |
spreading lies that are PRINTED |
|
LOBBYIST |
representatives of interest groups who contact lawmakers or other government officials directly to influence their policy making |
|
MARKET ECONOMY |
system where individuals own the factors of production and make economic decisions through free interaction |
|
MAYFLOWER COMPACT |
It was the 1st example of direct democracy; all men can vote, and majority rules |
|
MERCANTILISM |
the theory that a country should sell more goods to another country than it buys |
|
MIXED ECONOMY |
combines basic elements of a pure market economy and a command economy; combines characteristics of more than one type of economy |
|
MONETARY POLICY |
involves controlling the supply of money and the cost of borrowing money according to the needs of the community |
|
MULTINATIONALS |
firms that do business or have offices or factories in many countries |
|
NAME CALLING |
tear the other candidate apart |
|
NATURAL RESOURCES |
all the “gifts of nature” that make production possible |
|
NATURALIZATION |
the legal process to become a citizen, and there are 2 ways: by birth and by foreigners who choose to become citizens |
|
NEEDS |
required for survival, such as food |
|
OPPORTUNITY COST |
the cost of the next best use of your time or money when you choose to do one thing rather than another |
|
ORIGINAL JURISDICTION |
the authority to hear cases for the first time |
|
PARLIAMENTARY SYSTEM |
3 branches of government (executive and legislative branches are one); Prime Minister chosen by members of Parliament; some one other than the Prime Minister could be head of state |
|
PATRIOTISM |
love for one’s country |
|
PLAIN-FOLKS |
candidate acting like a normal person to relate to us |
|
POLLS |
allows officeholders to keep in touch with citizens changing ideas about issues, officials don’t have to wait until the next election to see if the people approve or disapprove of government policies |
|
POPULAR SOVEREIGNTY |
the notion that power lies with the people |
|
PRECEDENT |
a ruling in an earlier case that was similar |
|
PRESIDENT PRO TEMPORE |
presiding officer of the Senate if the Vice President is absent, Robert Byrd |
|
PRICE |
1. Prices in a competitive market do not favor either the producer or the consumer; 2. Buyers and sellers react to the new level of prices and adjust their consumption and production accordingly; 3. Consumers have the freedom to choose between a variety of products at a wide range of prices; 4. Allows us to make decisions quickly and efficiently |
|
PRICE CEILING |
a government-set maximum price that can be charged for goods and services |
|
PRICE FLOOR |
a government minimum price that can be charged for goods and services, more common, and can prevent prices from dropping too low |
|
PRIME MINISTER |
the leader of the executive branch of a parliamentary government |
|
PRODUCT MARKETS |
markets where producers offer goods and services for sale |
|
PRODUCTIVITY |
a measure of the amount of output produced by a given amount of output produced by a given amount of inputs in a specific period of time |
|
PROFIT |
the amount of money left over after all the costs of production have been paid |
|
PROTECTIONISM |
when a country tries to protect their industries from foreign competition by placing tariffs on imports, this often harms the economy of other nations and the global economy |
|
PUBLIC OPINION |
includes the ideas and attitudes that most people hold about elected officials, candidates, government, and political issues |
|
PUBLIC POLICY |
a course of government action to achieve community goals |
|
REPUBLIC |
any representative government headed by a president or similar leader, rather than someone who inherits the position |
|
RESERVE POWERS |
powers granted ONLY to the states |
|
RESERVE REQUIREMENT |
the fed can higher it or lower it for member banks so they leave more money with the Fed or give the banks more money to lend |
|
ROLE OF MEDIA |
they regulate and protect the media |
|
SANCTIONS |
measure such as withholding economic aid used to influence a foreign government’s action |
|
SATELLITES |
nation politically and economically dominated or controlled by another, more powerful country |
|
SCARCITY |
when we don’t have enough resources to produce all of the things we would like to have |
|
SECRETARY GENERAL |
the chief executive officer of the UN, 5 year term limit of 2 terms and appointed by General Assembly |
|
SECURITY COUNCIL |
The UN’s peacekeeping arm; has 5 permanent members trying to keep peace, each member has 1 vote, 10 nonpermanent members (2 years) |
|
SEGREGATION |
social separation of the races |
|
SHORTAGE |
the amount by which the quantity demanded is higher than the quantity supplied |
|
SOCIALISM |
the belief that means of production should be owned and controlled by society, either directly, or through the government |
|
SPEAKER OF THE HOUSE |
Nancy Pelosi; calls Senate to order and keeps the meetings going |
|
SPECIAL INTEREST GROUPS |
an organization of people with some common interest who try to influence government decisions |
|
SPECIALIZATION |
takes place when people, businesses, regions, and even countries concentrate on goods and services that they can produce better than anyone else |
|
STABILITY |
how firmly people hold their views; people’s opinions are less likely to change when they have a firm belief about a topic |
|
STANDARD OF LIVING |
the quality of life based on the possession of necessities and luxuries that make life easier |
|
STEPS TO BECOME A CITIZEN |
Step 1: sign declaration of intention; Step 2: Filed with immigration and naturalization service; Step 3: live in the US for 5 years (take classes-optional, which is for the exam they have to take); Step 4: interview with an agent; Step 5: take exam; Step 6: go to a ceremony and pledge your allegiance to the US |
|
SUBSIDY |
a government payment to an individual, business or other group for certain actions |
|
SUBSTITUTES |
competing products, called this because consumers can use one in place of the other |
|
SUFFRAGE |
the right to vote |
|
SUPPLY |
the various qualities of a good or service that producers are willing to sell at all possible market prices |
|
SUPPLY CURVE |
a graph that shows the amount of a product that would be supplied at all possible prices in the market |
|
SUPPLY ELASTICITY |
a measure of how the quantity supplied of a good or service changes in response to changes in price |
|
SUPPLY INELASTIC |
if a quantity changes very little when prices go up or down; products that require producers to invest large sums of money in order to produce them (wedding dresses, digging for oil) |
|
SUPPLY SCHEDULE |
illustrates the law of supply |
|
SURPLUS |
the amount by which the quantity supplied is higher than the quantity demanded |
|
SYMBOLS |
things that represent things, like the eagle |
|
TARIFF |
a tax on an imported good |
|
TOTALITARIAN |
the governments control extends to almost all aspects of peoples lives, typically have a master plan for the economy and society |
|
TOWNSHEND ACTS |
Tax on goods imported to the colonists |
|
TRADE DEFICIT |
whenever the value of the products it imports exceeds the value of the products it exports |
|
TRADE OFF |
the alternative you face if you decide to do one thing rather than another |
|
UNITARY |
centralized |
|
UNITARY SYSTEM |
power is centralized, gives all key powers to the national or central government |
|
UNITED NATIONS |
Maintain peace; Develop friendly relations among nations; Promote justice and cooperation; Seek solutions to global problems |
|
UTILITY |
the pleasure, usefulness, or satisfaction we get from using the product |
|
VARIABLE COST |
expenses that change with the number of products produced, examples are wages and raw materials |
|
VOLUNTARY EXCHANGE |
the act of buyers and sellers freely and willingly engaging in market transactions |
|
WORKFARE |
programs that require welfare recipients to exchange some of their labor in return for benefits |
|
MEDIUM |
a way of communicating |
|
STATE COUNCIL |
highest executive or general of state power in the people’s republic of China |
| Add or remove terms from this set |