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Do Now - Journal. *Which of the following shows incentive or profit motive, which is a characteristic of our American economy? -The government withholds taxes from a worker’s wages -A worker chooses to work overtime for an increase in pay -The next year a business must pay a higher tax
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Do Now - Journal • *Which of the following shows incentive or profit motive, which is a characteristic of our American economy? • -The government withholds taxes from a worker’s wages • -A worker chooses to work overtime for an increase in pay • -The next year a business must pay a higher tax • -A worker accepts a pay cut from his employer and is discouraged from working • *What are the major results of competition?
Welcome! The Topic For Today Is…
Topic 1: 200 • Question: • A form of government where supreme authority lies in the hands of the people • Answer • Democracy Back
Topic 1: 400 • Question: • Which two societies does our government trace its roots to? • Answer • Ancient Greece and Ancient Rome Back
Topic 1: 600 • Question: • Compact among the thirteen original states that established the first government of the United States. This form of government made the states MORE powerful than the central government, thus making it too weak to govern the country as a whole. • Answer • The Articles of Confederation Back
Topic 1: 800 • Question: • Citizens having to abide to both state and federal laws is an example of which term from our unit? • Answer • Federalism Back
Topic 1: 1000 • Question: • Why did the framers of the Constitution create three separate branches of government? • To help people with different opinions cooperate • To increase the power of the central government • To keep any one branch from gaining too much power • To provide enough officials to handle the volume of work • Answer • To keep any one branch from gaining too much power Back
Topic 2: 200 • Question: • “The condition that results because people have limited resources but unlimited wants” is a definition of . . . • Answer • Scarcity Back
Topic 2: 400 • Question: • Why are tradeoffs necessary? • Resources are limited. • Every product has flaws. • People want different things. • Advertisers promote products. • Answer • Resources are limited Back
Topic 2: 600 • Question: • Which of the following best describes the primary purpose of an economic system? • To respond to market failure • To address equity concerns to improve fairness • To determine society’s use of scarce resources • To protect domestic producers from foreign competition • Answer • To determine society’s use of scarce resources Back
Topic 2: 800 • Question: • “Your next best choice” or “What you give up to get what you want” • Answer • Opportunity Cost Back
Topic 2: 1000 • Question: • What are the four factors of production? • Answer • Land, Labor, Capital, Entrepreneur Back
Topic 3: 200 • Question: • The first words of the Constitution indicate that power and authority in our system of government come from the • states. • people. • voters. • lawmakers. • Answer • The People Back
Topic 3: 400 • Question: • Type of government present in the United States, where elected leaders represent the citizens • Answer • Representative Democracy Back
Topic 3: 600 • Question: • Which of the following shows incentive, which is a characteristic of our American economy? • The government withholds taxes from a worker’s wages • A worker chooses to work overtime for an increase in pay • The next year a business must pay a higher tax • A worker accepts a pay cut from his employer and is discouraged from working • Answer • A worker chooses to work overtime for an increase in pay Back
Topic 3: 800 • Question: • Idea that people are the only source for any and all government power • Answer • Popular Sovereignty Back
Topic 3: 1000 • Question: • Philosopher that believed people were too selfish to govern themselves and that people gave up all rights in return for protection from government • Answer • Thomas Hobbes Back
Topic 4: 200 • Question: • What are the two main results of businesses competing? • Answer • Lower Prices and Better Quality Goods Back
Topic 4: 400 • Question: • If I chose to work on Thursday night rather than study for an Ages test I had on Friday, what was the opportunity cost? • -the chance at a better grade on Friday’s test • -the extra money I made by going to work • -the CDs I bought with the money I made • Answer • The chance at a better grade on Friday’s Test Back
Topic 4: 600 • Question: • With every purchase you make there is a ____________ • Answer • Tradeoff Back
Topic 4: 800 • Question: • The three economic questions every society asks is: • A. What to produce, when to produce, how to produce? • B. What to produce, how to produce, for whom to produce? • C. What will people buy, why should I care, where to get resources from? • D. What land to get resources from, how much capital is there, who will start the business • Answer • B: What to produce, how to produce, for whom to produce Back
Topic 4: 1000 • Question: • Which of these is the best example of a public good? • A gas station • The post office • A movie theater • A clothing store Identify how it is funded • Answer • The post office – By the people through taxes Back
Topic 5: 200 • Question: • Our current governing document is…. • Answer • The Constitution Back
Topic 5: 400 • Question: • Which is a purpose of the government set out by the Preamble to the U.S. Constitution? • A. To form a more perfect union • B. To provide for the common defense • C. Establish Justice • D. All of the above • Answer • D. All of the above Back
Topic 5: 600 • Question: • Ruled give up rights in exchange for government protection • Answer • Social Contract Back
Topic 5: 800 • Question: • This philosopher believed that people had Natural Rights. Who was the philosopher and what are the Natural Rights? • Answer • John Locke – Life, Liberty, and Property Back
Topic 5: 1000 • Question: • Which of the following best describes the concept of limited government? • Powers are divided among three coequal branches of government. • All political power belongs to the people. • Government operates within certain bounds set by the Constitution. • The people must behave according to rules set by the government. • Answer • Government operates within certain bounds set by the Constitution Back
Bonus Question: 5000 pts. • Question: • This country is the smallest country in the world, suspected to be one of the richest, as well as having some of the worst crime per capita • Answer • Vatican City Back
People=Power800 pts. • Question: • Term that means people are the source of all power • Answer • Popular Sovereignty Back
Randomness600 points • Question: • Montesquieu proposed that government should be… • Answer • Broken into three separate branches Back