How can we help?

You can also find more resources in our Help Center.

Study sets matching "government economics"

Study sets
Classes
Users

Study sets matching "government economics"

35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Capitalism/market economy
Competition...why the "lifeblood" of c…
128 terms
Government&EconomicsFinal
Resolution
Declaration
Grievance
Self-evident
A public statement is a _____________________.
A formal opinion in writing is known as a ___________________…
A complaint is a ________________________.
If something is obvious, it is ______________ _______________…
Resolution
A public statement is a _____________________.
Declaration
A formal opinion in writing is known as a ___________________…
302 terms
Government & Economics
George Washington
George Washington
John Adams
Thomas Jefferson
Father of His Country. American Cincinnatus. American Fabius
His Vice-President was John Adams (1789-1797)
The Colossus of Independence. Old Rotundity. Old Sink or Swim
The Apostle of Democracy. The Sage of Monticello. The Man of…
George Washington
Father of His Country. American Cincinnatus. American Fabius
George Washington
His Vice-President was John Adams (1789-1797)
19 terms
Government & Economics
Democracy
Republic
Theocracy
Constitutional Monarchy
Everyone votes on laws
People elect representatives
Government based in religion
A King or Queen is present, but country ruled by Prime Minister
Democracy
Everyone votes on laws
Republic
People elect representatives
21 terms
Economics & Government
Eminent Domain
Price Gouging
Markets
Tariff
A right of a government to take private property for public u…
When prices are set "too high". Usually occurs in a time of c…
Where buyers and sellers interact. They bring us what we want…
A tax on imports or exports. They are placed on foreign produ…
Eminent Domain
A right of a government to take private property for public u…
Price Gouging
When prices are set "too high". Usually occurs in a time of c…
32 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
An economic and political system characterized by a free mark…
it is the lifeblood because it helps prevent monopolys from f…
It describes a system that opposes interference by the govern…
the effect that the availability of a particular product and…
Capitalism/market economy
An economic and political system characterized by a free mark…
Competition...why the "lifeblood" of c…
it is the lifeblood because it helps prevent monopolys from f…
22 terms
Government: Economics
insourcing
outsourcing
flat tax
Communist countries today
The use of resources within the firm to provide products or s…
Contracting with another company, usually abroad, to have it…
taxes that stay the same. Example social security tax, sales…
China, Cuba, North Korea, Vietnam
insourcing
The use of resources within the firm to provide products or s…
outsourcing
Contracting with another company, usually abroad, to have it…
26 terms
Government & Economics
Gov't Spending: Transfer Payment
Transfer Payment Example (S.S.)
Transfer Payment Example (W)
Gov't Spending: Goods & Services
Moves money from one part of gov't to next; no goods or servi…
Social Security
Welfare
Purchases goods & services for the country
Gov't Spending: Transfer Payment
Moves money from one part of gov't to next; no goods or servi…
Transfer Payment Example (S.S.)
Social Security
12 terms
Government and Economic Systems
Representative Democracy
Direct Democracy
Republic
Monarchy
A type of government where citizens elect people to represent…
A type of government where all citizens participate in the de…
A system of government in which the written law (constitution…
A type of government where a King & Queen hand power down thr…
Representative Democracy
A type of government where citizens elect people to represent…
Direct Democracy
A type of government where all citizens participate in the de…
50 terms
Government&EconomicsUnit1Exam
Divine Right
Absolute Monarch
Constitutional Monarch
Direct Democracy
King James the first of England believed that Kings were infa…
Since King James did whatever he pleased and was not restrict…
Queen Elizabeth II is Britian's current monarch. Her power is…
Cleisthenes -gained power around 500 B.C. Cliesthenes came fr…
Divine Right
King James the first of England believed that Kings were infa…
Absolute Monarch
Since King James did whatever he pleased and was not restrict…
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
free market economy
competition
economic affairs
states that the quantity of a good supplied (i.e., the amount…
Capitalism/market economy
free market economy
Competition...why the "lifeblood" of c…
competition
30 terms
Economics and government
federal
mixed
confederation
oligarchy
Power to make laws and decisions is shared or divided between…
When the economy of a country shows characteristics of both c…
Voluntary assoc. of states that make their own laws, but are…
Rule of a few; a small group exercises control; the citizen h…
federal
Power to make laws and decisions is shared or divided between…
mixed
When the economy of a country shows characteristics of both c…
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
An economic and political system in which a country's trade a…
Capitalism is highly competitive because investors want to in…
abstention by governments from interfering in the workings of…
High supply = High demand
Capitalism/market economy
An economic and political system in which a country's trade a…
Competition...why the "lifeblood" of c…
Capitalism is highly competitive because investors want to in…
25 terms
Economic/Government Terms
Specialization
Entrepreneurship
Literacy Rate
Human Capital
Concept that a nation should produce and export a limited ass…
Accepting the risk of starting and running a business.
The percentage of a country's people who can read and write.
Knowledge and skills people acquire to increase their product…
Specialization
Concept that a nation should produce and export a limited ass…
Entrepreneurship
Accepting the risk of starting and running a business.
50 terms
Government&EconomicsUnit1Exam
Divine Right
Absolute Monarch
Constitutional Monarch
Direct Democracy
King James the first of England believed that Kings were infa…
Since King James did whatever he pleased and was not restrict…
Queen Elizabeth II is Britian's current monarch. Her power is…
Cleisthenes -gained power around 500 B.C. Cliesthenes came fr…
Divine Right
King James the first of England believed that Kings were infa…
Absolute Monarch
Since King James did whatever he pleased and was not restrict…
Government/Economics
democracy
monarchy
constitutional monarchy
dictatorship
government controlled by citizens directly or with elected re…
ruling family headed by a king or queen who holds political p…
monarchy where monarchs powers are restricted by the government
individual or group with complete political power
democracy
government controlled by citizens directly or with elected re…
monarchy
ruling family headed by a king or queen who holds political p…
31 terms
Government & Economics
Democratic Party
Direct Technique
Divided Government
Electoral College
One of the two major U.S political party;founded in 1828 by A…
An interest group technique that uses direct interaction with…
Governance divided between the parties, as when one holds the…
A group of people named by each state legislature to select t…
Democratic Party
One of the two major U.S political party;founded in 1828 by A…
Direct Technique
An interest group technique that uses direct interaction with…
19 terms
Government: Economics
interest groups
market economy
zoning
outsourcing
Groups of people who work together for similar interests or g…
An economic system based on free enterprise, in which busines…
Dividing an area into zones or sections reserved for differen…
Contracting with an outside company to provide a service or p…
interest groups
Groups of people who work together for similar interests or g…
market economy
An economic system based on free enterprise, in which busines…
22 terms
Government: Economics
insourcing
outsourcing
flat tax
Communist countries today
The use of resources within the firm to provide products or s…
Contracting with another company, usually abroad, to have it…
taxes that stay the same. Example social security tax, sales…
China, Cuba, North Korea, Vietnam
insourcing
The use of resources within the firm to provide products or s…
outsourcing
Contracting with another company, usually abroad, to have it…
22 terms
Government: Economics
insourcing
outsourcing
flat tax
Communist countries today
The use of resources within the firm to provide products or s…
Contracting with another company, usually abroad, to have it…
taxes that stay the same. Example social security tax, sales…
China, Cuba, North Korea, Vietnam
insourcing
The use of resources within the firm to provide products or s…
outsourcing
Contracting with another company, usually abroad, to have it…
46 terms
Government & Economics
Capitalism
Communism
Democracy
Economy
Economic system in which property is owned by individual peop…
Political and economic system in which government owns all pr…
A political system in which the people hold political power d…
System by which goods and services are bought, sold and produ…
Capitalism
Economic system in which property is owned by individual peop…
Communism
Political and economic system in which government owns all pr…
19 terms
Government: Economics
interest groups
market economy
zoning
outsourcing
Groups of people who work together for similar interests or g…
An economic system based on free enterprise, in which busines…
Dividing an area into zones or sections reserved for differen…
Contracting with an outside company to provide a service or p…
interest groups
Groups of people who work together for similar interests or g…
market economy
An economic system based on free enterprise, in which busines…
19 terms
Government: Economics
interest groups
market economy
zoning
outsourcing
Groups of people who work together for similar interests or g…
An economic system based on free enterprise, in which busines…
Dividing an area into zones or sections reserved for differen…
Contracting with an outside company to provide a service or p…
interest groups
Groups of people who work together for similar interests or g…
market economy
An economic system based on free enterprise, in which busines…
52 terms
Government & Economics Midterm Vocabulary
Anarchy
Aristocracy
Autocracy/Totalitarianism
Command Economy
The absence of any form of government
Rule by a wealthy ruling classs
Dictator style governments where rulers take power by force,…
A type of economic system where the government controls spend…
Anarchy
The absence of any form of government
Aristocracy
Rule by a wealthy ruling classs
10 terms
government/economics
government
government services
federal government
local government
a group of people that work together to make laws and provide…
help that is provided for all citizens
the system of government for the whole United States as defin…
the system of government for our towns, cities and counties
government
a group of people that work together to make laws and provide…
government services
help that is provided for all citizens
202 terms
Government / Economics
Who is in charge of the federal govern…
The Federal Reserve System
The United States Mint
Bureau of Engraving Printing
Department of Treasury: ... 1. The Treasury prints and mints al…
The Federal Reserve System or "The Fed" is the central bank o…
primarily produces circulating coinage for the United States…
( BEP U.S. ) government agency responsible for printing the p…
Who is in charge of the federal govern…
Department of Treasury: ... 1. The Treasury prints and mints al…
The Federal Reserve System
The Federal Reserve System or "The Fed" is the central bank o…
9 terms
Government & Economics
North Atlantic Treaty Organization
United Nations
International Monetary Fund
Commonwealth of Nations
protects countries from military attacks
brings all nations together for peace and development
establishes a more stable global economy
makes sure countries, especially those once occupied by Brita…
North Atlantic Treaty Organization
protects countries from military attacks
United Nations
brings all nations together for peace and development
12 terms
Economic Government
United kingdom
Germany
Russia
Russia's natural resources
Mixed Economy
Mixed Economy
Mixed Economy
coal, petroleum, Natural gas, Salt and Nickel
United kingdom
Mixed Economy
Germany
Mixed Economy
16 terms
economics/government
GDP
economic freedom
capitalism
private property
gross domestic products
freedom to make your own economic decisions
private citizens own the FOP, but decides how to use them wit…
owned by the individuals rather than government
GDP
gross domestic products
economic freedom
freedom to make your own economic decisions
12 terms
Government and Economics
Democracy
Monarchy
Constitutional Monarchy
Dictatorship
A government where the people can choose their representative.
A government that is ran by a queen and king.
Monarchy in which their monarch powers are restricted
A person or people that have complete power over their country.
Democracy
A government where the people can choose their representative.
Monarchy
A government that is ran by a queen and king.
11 terms
Government and Economics
Democracy
Monarchy
Communism
Dictatorship
Citizens hold political power
Ruling Family (King and Queen)
property is publicly owned
1 person/ group rules
Democracy
Citizens hold political power
Monarchy
Ruling Family (King and Queen)
22 terms
Government: Economics
insourcing
outsourcing
flat tax
China, Cuba, North Korea, Vietnam
The use of resources within the firm to provide products or s…
Contracting with another company, usually abroad, to have it…
taxes that stay the same. Example social security tax, sales…
Communist countries today are?
insourcing
The use of resources within the firm to provide products or s…
outsourcing
Contracting with another company, usually abroad, to have it…
12 terms
Government and Economic Systems
Representative Democracy
Direct Democracy
Republic
Monarchy
A type of government where citizens elect people to represent…
A type of government where all citizens participate in the de…
A system of government in which the written law (constitution…
A type of government where a King & Queen hand power down thr…
Representative Democracy
A type of government where citizens elect people to represent…
Direct Democracy
A type of government where all citizens participate in the de…
157 terms
Government and Economic
definition of economics
scarcity
what changes 1525 and 1776 that made A…
The Enlightenment
Economics is the allocation of scarce resources for which the…
the fundamental economic problem of having seemingly unlimite…
-the Enlightenment... -the rise of nationalism... -transformation o…
people start to value human ideas and don't say that the idea…
definition of economics
Economics is the allocation of scarce resources for which the…
scarcity
the fundamental economic problem of having seemingly unlimite…
58 terms
Government and Economics
Executive Branch
Legislative Branch
Judicial Branch
Bill of rights
Who:President and Vice President ... How: elected for 4 year ter…
Who: Congress (house of representative and Sentate... How: house…
Who: Supreme Court ... How: appointed by the president and appro…
First 10 amendments
Executive Branch
Who:President and Vice President ... How: elected for 4 year ter…
Legislative Branch
Who: Congress (house of representative and Sentate... How: house…
6 terms
government and economics
Democracy
dictatorship
communism
monarchy
a system of government by the whole population or all the eli…
government by a dictator
a theory or system of social organization based on the holdin…
a state or nation in which the supreme power is actually or n…
Democracy
a system of government by the whole population or all the eli…
dictatorship
government by a dictator
23 terms
Government and Economics
Autocracy
Monarchy
Oligarchy
Theocracy
a system of government by one person with absolute power
a state or nation in which the supreme power is actually or n…
a small group of people having control of a country, organiza…
a system of government in which religious leaders rule in the…
Autocracy
a system of government by one person with absolute power
Monarchy
a state or nation in which the supreme power is actually or n…
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Decisions are determined by supply and demand or the prices o…
Keep prices low and competitive
Limited government in economics (hands-off)
The theory explaining the interaction between the supply of t…
Capitalism/market economy
Decisions are determined by supply and demand or the prices o…
Competition...why the "lifeblood" of c…
Keep prices low and competitive
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
an economy in which decisions regarding investment, productio…
because if only one company sold one thing they could make th…
policy of minimum governmental interference in the economic a…
is perhaps one of the most fundamental concepts of economics…
Capitalism/market economy
an economy in which decisions regarding investment, productio…
Competition...why the "lifeblood" of c…
because if only one company sold one thing they could make th…
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Capitalism/market economy
Competition...why the "lifeblood" of c…
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
private owners
It's what keeps prices low, allows for new invention.
Hands off. No goverment
People want, price goes up.... Vise Versa
Capitalism/market economy
private owners
Competition...why the "lifeblood" of c…
It's what keeps prices low, allows for new invention.
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Market economy in which decisions regarding investment, produ…
Free-competition means freedom from the initiation of physica…
policy of minimum governmental interference in the economic a…
says that the quantity of a good demanded falls as the price…
Capitalism/market economy
Market economy in which decisions regarding investment, produ…
Competition...why the "lifeblood" of c…
Free-competition means freedom from the initiation of physica…
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Keeps prices low. No monopolies.
Complete hands off from the government in the economy
Higher demand, higher price, lower demand, lower price.
Capitalism/market economy
Competition...why the "lifeblood" of c…
Keeps prices low. No monopolies.
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Capitalism/market economy
Competition...why the "lifeblood" of c…
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Free-market economy refers to an economic system where prices…
keeps prices low and competitive- good for consumers
policy of minimum governmental interference in the economic a…
that the quantity of a good supplied rises as the market pric…
Capitalism/market economy
Free-market economy refers to an economic system where prices…
Competition...why the "lifeblood" of c…
keeps prices low and competitive- good for consumers
35 terms
Government & Economics
Capitalism/market economy
Competition...why the "lifeblood" of c…
Laissez-faire economics
Law of supply and demand
Competition is
Capitalism/market economy
Competition is
Competition...why the "lifeblood" of c…
9 terms
Economics and government
Anarchy
Communist
Capitalist
Dictatorship
No government exist can happen at a Civil War in a country
Government owns property such as businesses and provide servi…
People can own their own businesses and provide private servi…
Ruled by a single leader who has not been elected May use for…
Anarchy
No government exist can happen at a Civil War in a country
Communist
Government owns property such as businesses and provide servi…
Government And Economics
Democracy
Oligarchy
Monarchy
Tyranny
A form of government in which citizens govern themselves.
Government in which only a few people have power.
A form of government in which power is vested in hereditary k…
A form of government in which the ruler is an absolute dictat…
Democracy
A form of government in which citizens govern themselves.
Oligarchy
Government in which only a few people have power.
19 terms
Government and Economics
Unitary System
Federal System
Autocracy
Monarchy
is a sovereign state governed as a single entity. The central…
A system of government in which power is divided between a ce…
a system of government by one person with absolute power.
a form of government with a monarch at the head.
Unitary System
is a sovereign state governed as a single entity. The central…
Federal System
A system of government in which power is divided between a ce…
Government and economics
Democracy
Monarchy
Constitutional monarchy
Dictatorship
People rule directly or through elected representatives. Fran…
King or queen at the head. Sweden and Spain.
Monarch or royal family at the head with limited powers. UK a…
dictator has total power. Cuba and North Korea.
Democracy
People rule directly or through elected representatives. Fran…
Monarchy
King or queen at the head. Sweden and Spain.
1 of 10