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What are the 4 types of Economies? |
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Definition
Traditional, Free Market, Command, & Mixed Economy |
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What are the 4 factors of production? |
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Definition
Land, Labor, Capital, & Entrepreneurship |
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What are the 4 phases of the business cycle? |
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Expansion, Peak, Trough & Recession |
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The first 10 amendments... |
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The opening section of the Constitution |
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Powers shared by the state and federal governments |
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____________ & balances; a system in which each branch of government is able to check, or restrain the power of others. |
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Supporters of the Constitution |
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A form of government in which power is divided between, national, federal, government and states |
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__________ branch; the lawmaking branch of government |
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Anything that a person has a desire to have
(Ipod Touch, Cell Phone, Laptop, Cartilage Piercing) |
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Something that a person is unable to live without (food, shelter, clothing, water) |
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When you don't have a lot of something |
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