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Civics & Econ Final Review
Makes the laws
Rule by the few
Civics & Econ Final Review
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1
Rule by the few
Autocracy
Monarchy
Oligarchy
Theocracy
2
Makes the laws
Executive Branch
Check and Balances
Judicial Branch
Legislative Branch
3
Judges the laws
Executive Branch
Legislative Branch
Judicial Brach
Checks and Balances
4
A lack of something that is desired, when there is less of a good or service wanted. TEMPORARY
Scarcity
Services
Shortages
Tradeoff
5
Activities done for us by others.
Labor
Services
Capital
Goods
6
Tools, machines, and buildings used in the production of other goods and services.
Capital
Goods
Services
Labor
7
Rule by none
Monarchy
Autocracy
Anarchy
Dictatorship
8
Physical objects for sale.
Capital
Services
Goods
Labor
9
Highly valued form of human capital - Assemble the inputs to create new goods or services.
Opportunity Cost
Maximizing the Utility
Entrepreneurship
Tradeoff
10
Rule by public w/out representatives
Representative Democracy
Autocracy
Direct Democracy
Theocracy
11
Rule by a single person who gained power through force
Theoracy
Direct Democracy
Representative Democracy
Dictator
12
Getting the most satisfaction from our decisions about our goods and services.
Maximizing the Utility
Tradeoff
Opportunity Cost
Marginal Utility
13
Time and effort people devote to producing goods and services in exchange for a wage.
Services
Capital
Scarcity
Labor
14
System to ensure no one gains too much power
Checks and Balances
The Constitution
Legislative Branch
The Executive Branch
15
What you give up to get what you want.
Labor
Tradeoff
Capaital
Scarcity
16
Rule by a King or Queen
Monarchy
Anarchy
Theocracy
Autocracy
17
Rule by god or higher power
Direct Democracy
Oligarchy
Theocracy
Dictatorship
18
The extra satisfaction you will get from an increase of one additional unit of good or service.
Tradeoff
Marginal Utility
Maximizing the Utility
Opportunity Cost
19
Supreme law of the land
Executive Branch
Checks and Balances
The Constitution
Judicial Branch
20
Rule by one
Anarchy
Oligarchy
Theocracy
Autocracy
21
Rule by the people with elected representatives
Direct Democracy
Oligarchy
Autocracy
Representative Democracy
22
The BEST thing we give up to get what we want.
Opportunity Cost
Scarcity
Shortages
Tradeoff
23
Carries out the laws
Judicial Branch
Executive Branch
Legislative Branch
The Constitution
24
Because resources are limited there will never be enough to satisfy everyone. FOREVER!
Shortages
Tradeoff
Scarcity
Services
