Tyreek Magruderr

1. Tyreek Magruderr Government and economics

2. Key Terms • Constitution- body of fundamental laws setting out principles, structures and processes of government • Executive power- power to execute enforce and administer laws • Unitary government- centralized government • Parliamentary government- made up of prime minister or premier • Presidential government- president is chosen and holds office for a term • Legislative power- the power to make law • Judicial power- the power to interpret laws and to determine their meanings • Free enterprise system- American economic system • Mixed economy -is an economic system in which both the state and private sector direct the economy • Oligarchy -is a form of power structure in which power effectively rests with a small number of people.

3. Framers- The Founding Fathers of the United States • Confederation- is an association of sovereign political units that, by treaty, have delegated certain of their competences • Public policy -is a governmental attempt to address a public issue. A unique form of legislation • Limitedgovernment - minimizes governmental intervention in personal liberties and the economy • Laws of supply and demand- 1)If demand increases and supply remains unchanged, then it leads to higher equilibrium price and quantity. 2) If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and quantity. 3) If supply increases and demand remains unchanged, then it leads to lower equilibrium price and higher quantity. 4) If supply decreases and demand remains unchanged, then it leads to higher price and lower quantity. More Key Terms

4. What is Government the institution through which a society makes and enforces its public policies. Government id made up of those people who exercise its powers Legislative power Executive power Judicial power Dictatorship democracy

5. State A body of people, living in a defined territory, organized politically and the power to make and enforce law without the consent of any higher authority The state must have a large population All the states have there own form of authority like a mayor and a governor. Population Territory Government sovereignty

6. The Petition of Rightis a major English constitutional document that sets out specific liberties of the subject that the king is prohibited from infringing. First Continental Congress was a convention of delegates from twelve of the thirteen North American colonies that met on September 5, 1774, at Carpenters' Hall in Philadelphia, Pennsylvania, early in the American Revolution. It was called in response to the passage of the Coercive Acts (also known as Intolerable Acts by the Colonial Americans) by the British Parliament The Second Continental Congress was a convention of delegates from the Thirteen Colonies that started meeting on May 10, 1775, in Philadelphia, Pennsylvania, soon after warfare in the American Revolutionary War had begun. It succeeded the First Continental Congress, which met briefly during 1774, also in Philadelphia. Basic government

7. Info The Connecticut Compromise or the Great Compromise of 1787 or Sherman's Compromise was an agreement between large and small states reached during the Constitutional Convention of 1787 that in part defined the legislative structure and representation that each state would have under the United States Constitution. Three-Fifths compromise was a compromise between Southern and Northern states reached during the Philadelphia Convention of 1787 in which three-fifths of the population of slaves would be counted for Representation purposes regarding both the distribution of taxes and the apportionment of the members of the United States House of Representatives

8. Constitution CONSTITUTION OF THE UNITED STATES OF AMERICA, PROPOSED BY CONGRESS, AND RATIFIED BY THE LEGISLATURES OF THE SEVERAL STATES, PURSUANT TO THE FIFTH ARTICLE OF THE ORIGINAL CONSTITUTION .