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Economics

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Civics Chapter 6 Test

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Economics
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james madison
United States Constitution
United States Bill of Rights
Constitutional amendment
Government
Politics
Humanities
Civics Government and Economics

STUDY GUIDE - Civics Chapter 6: The Bill of Rights Mr. Ron McCants, Teacher ANSWERS ON PAGES 8-10 Matching KEY TERMS Match each item with the correct statement below. a. freedom of speech f. separation of church and state b. double jeopardy g. Bill of Rights c. due process of law h. freedom of the press d. eminent domain i. case studies e. amendment process j. convention ____ 1. the ten amendments protecting citizens? rights ____ 2. the way in which changes are added to the Constitution ____ 3. the government cannot favor a religion or set up an official religion ____ 4. right to express one?s opinions publicly ____ 5. the government can take private property for a public project ____ 6. people cannot be tried twice for the same crime

Civics Chapter 10 Test

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Economics
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law
Court systems
Government
State court
United States Court of Appeals for the Federal Circuit
supreme court
Circuit court
Precedent
Appellate jurisdiction
United States district court
Supreme Court of the United States
United States federal courts
Civics Government and Economics

CADCCDBDBCACDCBAADCBAAD Study Guide - Civics Chapter 10 The Judicial Branch Mr. Ron McCants, Teacher Answers on pages 5-7 Matching KEY TERMS Match each item with the correct statement below. a. judicial review h. precedent b. original jurisdiction i. appellate jurisdiction c. opinion j. plaintiff d. appeal k. judicial restraint e. circuit courts l. courts of appeals f. judicial activism m. defendant g. prosecution ____ 1. government body that brings a criminal charge against the accused ____ 2. individual or group that brings a complaint against another party ____ 3. another name for courts of appeals ____ 4. request for a higher court to review a case ____ 5. power of the Supreme Court to overturn laws

The function of an economy

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Economics
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economics
Microeconomics
Business
Economic theories
Economic systems
Factors of production
Productivity
Labour economics
Workforce productivity
Circular flow of income
Capitalism
The function of an economy

The function of an economy Economy ? the system that trying to solve the basic economics problems. There are different type of economy like household economy, local economy, the national economy, and the international economy. Economists distinguish three parts to the economics problems What, How and For whom. To solve the problems, allocating the scarce resources to people with unlimited wants, people will decide what to product to fulfil most of the needs and desire of people. There will be allocation in resource to different group of people in the society. People will also decide how to product, which we will discuss in the next few chapters like division of labour. People will organise the productions according to what the workers best at.

The Basic Economics Problem

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Economics
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economics
Economic theories
Microeconomics
Production–possibility frontier
macroeconomics
Welfare economics
The Basic Economics Problem

The Basic Economics Problem The highlighted sentence are copying from the textbooks Scarcity ? the resources that are limited in supply so that people have to make choice to buy them. Free Goods - the resources that are unlimited in supply, like air and water on the earth. Economics Goods - the resources that are limited in supply and they are scarce. People have infinite needs and wants but there are limited resources on the earth, so that people have to make choice and have the trade-off when buying the resources. E.g. People want a big house or big flat, but there are limited lands (resources). They want so expensive food like shark fins but there are limited shark for hunting.

The Basic Economics Problem

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Economics
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economics
Economic theories
Microeconomics
Production–possibility frontier
macroeconomics
Welfare economics
The Basic Economics Problem

The Basic Economics Problem The highlighted sentence are copying from the textbooks Scarcity ? the resources that are limited in supply so that people have to make choice to buy them. Free Goods - the resources that are unlimited in supply, like air and water on the earth. Economics Goods - the resources that are limited in supply and they are scarce. People have infinite needs and wants but there are limited resources on the earth, so that people have to make choice and have the trade-off when buying the resources. E.g. People want a big house or big flat, but there are limited lands (resources). They want so expensive food like shark fins but there are limited shark for hunting.

AP Economics Chapter 7 Notes

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Economics
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economics
Pricing
demand
Consumer theory
Microeconomics
marketing
Supply and demand
Monopoly
Demand curve
Economic equilibrium
Price ceiling
supply

Chapter 7 Notes Sect 1 Idea of demand centers on people being both willing and able to pay for a product or service In a market economy, consumers collectively have a great deal of influence on the prices of all goods and services. Demand: The amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period. Supply: The amount of a good or service that producers are able and willing to sell at various prices during a specified time period Market: The process of freely exchanging goods and services between buyers and sellers. A market for a particular item or service can be local, national, international, or a combination of these

AP Economics Chapter 4 and 6 notes

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Economics
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Financial economics
economics
Finance
Banking
Financial institutions
Debt
Mortgage industry of the United States
Credit card
Bond
Interest rate
Certificate of deposit
Savings and loan association
Business

Chapter 4 Notes, Economics Sect 1 Credit: the receiving of funds either directly or indirectly to buy goods and services today with the promise to pay for them in the future. The amount owed ? the debt ? is equal to the principal plus interest Principal: the amount originally borrowed in a loan Interest: the amount the borrower must pay for the use of someone else?s (the bank?s, credit union?s, stores, etc.) funds. Installment Debt: one of the most common types of debt today. Consumers repay this type of loan with equal payments, or installments, over a period of time. Ex. 36 equal payments over 36 months Durable Goods: manufactured items that last longer than 3 years, on an installment plan. Many are bought on an installment plan.

Aggregate demand_ Macroecon

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Economics
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Public finance
macroeconomics
demand
economics
Aggregate demand
monetary policy
Fiscal policy
Business
Technology

AGGREGATE DEMAND WITH AD, WE ARE TALKING ABOUT THE AGGREGATE DEMAND PL RISING FOR ALL GOODS AND SERVICES IN THE ECONOMY WEALTH EFFECT INTREST RATE EFFECT Decline in price level means lower intrest rates WHY IS AG DOWNSLOPING? Changes in Expectations Changes in Weath Size of existing stock of physical capital Shifts of the AD curve Fiscal Policy Monetary Policy AD= C+I+G+ (x-m) Government Policies and AD
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business terms

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Economics
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Economic systems
economics
Economies
Economic ideologies
sociology
Capitalism
Economic liberalism
Planned economy
Mixed economy
Market economy
Market

1-3 Economic Systems Goals: Identify the three economic questions Differentiate among the main types of economic systems Describe the economic system of the U.S. Key Terms (Countries) Economic system ? a nation?s plan for answering the three economic questions Command economy ? the resources are owned and controlled by the government Market economy ? the resources are owned and controlled by the people of the country Traditional economy ? goods and services are produced the way it always has been done (African countries) Mixed economy ? combines elements of the command and market economics Capitalism - refers to the Three economic questions: What to produce? How to produce? What needs and wants to satisfy? The U.S. Economic System Four principles: Private Property

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