Civics and Economics Final Exam Review – Flashcards

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2 Party System
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A system of government in which two parties compete for power.
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3/5 Compromise
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Agreement providing that enslaved persons would count as 3/5 of other persons in determining representation in Congress.
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The 4 Factors of production
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Labor, entrepreneurship, capitol, and land
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14th Amendment
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Defines US citizenship and guarantees all citizens "equal protection of the laws."
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19th Amendment
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Gives women the right to vote
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21st Amendment
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Repeals Prohibition
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26th Amendment
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Sets voting age at 18 years
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Adam Smith
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Wrote The Wealth of Nations, which was the first book to describe the basics of economics.
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Albany Plan of Union
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A plan developed and proposed by Benjamin Franklin that stated that the states should join together as one nation
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Amendments 4-8
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Defines the rights that people have when they go to court
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Anne Hutchinson
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Puritan spiritual adviser and important participant in the Antinomian Controversy that shook the infant Massachusetts Bay Colony from 1636 to 1638.
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Anti-Federalist
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Those who opposed the signing of the Constitution
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Appellate Jurisdiction
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The authority of a court to hear a case appealed from a lower court
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Arbitration
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Situation in which the union and company officials submit the issues they cannot agree on to a third party for a final decision
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Arraignment
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The formal reading to the defendant of what they are being charged with
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Article 1
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Describes the legislative branch of the government
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Article 2
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Sets up and describes the powers of the executive branch
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Article 3
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Sets up and describes the judicial branch
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Article 4
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About the states and the rights
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Article 5
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About the amendment process
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Article 6
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About the legal status of the Constitution
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Article 7
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About ratification
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Automation
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The use of various control systems to operate equipment such as machinery
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Bacon's Rebellion
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A rebellion that was led by Nathaniel Bacon during the 1640s. It was caused by the agreement to keep settlers from taking the Native American's land, which Bacon disagreed with.
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Battle of Lexington and Concord
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The first battles of the Revolutionary War
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Battle of Yorktown
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Last battle of the Revolutionary War, British General Lord Cornwallis surrendered his army to General George Washington
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Bill of Attainder
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A law that punishes a person accused of a crime without a trial or fair hearing in court
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Bill of Rights
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The first ten amendments of the Constitution that states the people's basic rights.
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Blue Collar Worker
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People that typically do labor works
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Cabinet
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A group of advisors to the President that includes the heads of 15 top-level executive departments
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Capitalism
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A system in which private citizens own most, if not all, of the means of production and decide how to use them within legislation limits
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Carl Marx
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Believed that the population in industrialized nations is divided into capitalists, who own the means of production and workers
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Citizen
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Community member who owes locality to the government and is entitled to protection from it
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City Upon a Hill
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Term used by John Winthrop to describe the Puritan's first settlement that would later become New England
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Civics
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The study of the rights and duties of a citizen
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Civil Immigration Services
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Coalitions
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An alliance for combined action, especially one that is formed between political parties to govern state(s)
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Command Economy
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An economy in which production, investment, prices, and incomes are generally determined by the government
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Comparative Advantage
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The ability of an individual or group to carry out a specific economic activity more efficiently than another activity
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Competition
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Rivalry among sellers trying to increase profit, market share, and sales volume by varying the price, product, distribution, and promotion
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Concurring Opinion
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Written opinion by one or more judges of a court which agrees with the decision made by the majority of the court, but states different reasons for the decision
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Conservative
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Holding to traditional values and attitudes and cautious about change, typically relating to politics or religion
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Consumer goods
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Goods bought and used by consumers
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Declaration of Independence
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The document that established the United Staes as an independent country from, adopted on July 4, 1776
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Demand
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An economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service.
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Democracy
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A system of government by the whole population or all the eligible members of a state, typically typically by representatives that are elected by the people.
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Deterrence
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A military capable sufficiently strong to discourage any would-be aggressor from starting a because of the fear of retaliation
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Direct democracy
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Form of democracy in which people decide policy initiatives directly
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Dissenting opinion
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Written opinion of one or more judge that expresses disagreement with the majority of the court which gives rise to its judgement
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Duty
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A moral or legal obligation
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e pluribus unum
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Motto that was first used on the U.S. coinage meaning "out of many, one"
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Economics
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Social science that focuses of how individuals, governments, firms and nations make choices on using scarce resources to satisfy their wants.
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Elastic clause
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A statement in the U.S. Constitution that grants Congress the power to pass all laws necessary and proper to carry out the enumerated list of powers.
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Electoral college
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A group of people named by each state legislature to select the president and Vice President
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Electoral votes in each state
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Each state is elected the same number of electors as it has members of the Senate and House of Representatives combined.
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Electoral votes needed to win
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270 of the 538 electoral votes are needed to win an election
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Electorate
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All of the people in an area or country that have the right to vote.
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English Bill of Rights
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An English statue of 1689 confirming the Declaration of Rights, declaring he rights and liberties of the subjects and settling he succession of the crown.
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Establishment Clause
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Clause of the first amendment of the U.S. Constitution that prohibits the establishing of a religion by Congress
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European Union
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Group of European countries that participates in the world economy unit that operates under one official currency (the euro)
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Excise tax
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Taxes that are paid when specific goods are purchases, and are often included in the purchase.
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Expressed powers
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Powers of Congress that are spelled out in the U.S. Constitution
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FCC
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Independent U.S. governmental regulatory agency that is responsible for the overseeing of all interstate and international communications
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Federalism
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System of government in which the right to vote in constitutionally divided between the centrally governing authority and constituent political unions.
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Federalist
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A supporter of federalism
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Fixed cost
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Expense that has to be paid by a company, independent of any business activity
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Full faith and credit clause
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Addresses the duties that states within the United States have to respect the "public acts, records, judicial proceedings of every other state"
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Fundamental Orders of Connecticut
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Describes the government set up by the Connecticut river towns, setting its structure and power. Adopted by the Connecticut colony council on January 15, 1639.
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General assembly
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One of the six principle organs of the United Nations, and the only one in which all of the members have equal representation.
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General election
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A regular election of candidates for office
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Glass Steagall Banking Act
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An act the U.S. Congress passed in 1933 that prohibited from participating in the investment bank business
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Government
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The governing body of a nation, state, or community.
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Governor
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The elected executive head of a state of the United States
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Gramm Leach-Bliley Act
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A federal law enacted in the U.S. to control the ways that financial institutions deal with the information of individuals that is kept private; established in 1999
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Grassroots
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The basic level of activity in an organization
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Great Compromise
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Agreement that defined the representation the representation that each state would have in Congress; reached during the Constitutional Convention of 1787.
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Hard money
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Specific type of asset-based loan financing when the borrower received funds secured by the value of a parcel of real estate
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Higher interest rates
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Increase the cost of borrowing, which in turn can reduce the amount that people and businesses own
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House of Burgesses
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First representative legislative body in the New World; assembly of Virginia
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Human Capital
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Skills, knowledge, and experience expressed by an individual or population, that is viewed in terms of their value or cost to an organization or country.
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Illegal Immigrant
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Foreign body that enters the U.S. without an entry visa, especially one who crossed the border and did not have an inspection or one who overstays the amount of time that is allowed for a visitor, tourist, or business person.
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Immigrant
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A person who comes to live permanently in a foreign country
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Imperialism
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A policy of extending a country's power and influence through diplomacy or military force
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Incapacitation
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Effect of a sentence in terms of positively preventing future offending
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Incentive
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A thing used to motivate somebody to do something
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Incumbent
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An official that is currently holding office
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Indentured Servants
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A person that is under a contract to work for another person for a set amount of time, usually without pay, but in exchange for free passage to a new country
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Inherent powers
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Powers that are over and beyond those that are stated in the Constitution or which can reasonably be implied from expressed grants
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Intolerable acts
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A series of laws passed by the British Parliament in 1774 after the Boston Tea Party
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James Oglethorpe
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A British general, member of Parliament, philanthropist, and the founder of Georgia
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Jamestown
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The first permanent English settlement in the Americas, founded in Virginia in 1607
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John Locke
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An English philosopher and physician that was regarded as a big influence of Enlightenment and was known as the "Father of Classical Liberalism"
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John Peter Zenger Case
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Set precedent for the freedom of press in America
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John Smith
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English explorer who helped found Jamestown, Virginia, and was said to be saved by Pocahontas
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John Winthrop
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A wealthy English Puritan lawyer and a leading figure in the founding of the Massachusetts
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Laissez Faire
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A type of government where there is a lack of interference of the government with in the free market.
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Land Ordinance of 1785
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A law passed by Congress that allowed for sales of land in the Northwest territory and set up the standards for land sale that became precedents
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Levels of federal courts
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There are 3 levels: U.S. Supreme Court, U.S. Court of Appeals, and the U.S. District Courts
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Level of state courts
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Trial Court, Intermediate Court of Appeals, and a Supreme Court
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Libel
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A published false statement that damages a person's reputation; written defamation
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Liberal
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People who are open to new behaviors or opinions and are willing to throw away old traditions and values.
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Lieutenant governor
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The executive officer of a state who is next in rank after the governor and replaces the governor in case of death or disability
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Lobbyist
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A person that is hired by a business or cause to persuade legislators to support the business or cause, and they get paid to win favor from politicians
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Lord Baltimore
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The first person to have the idea of having a colony in America where the Catholics and Protestants could flourish together
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Lower interest rate
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Lower interest rates allows a borrower to have more money to borrow
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Manga Carta
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A charter that recognizes the rights a person of basic liberties has; issued by King John of England
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Majority opinion
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A statement that presents the views of the majority of Supreme court justices regarding a case
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Marginal cost
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The additional or extra benefit associated with an action
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Market economy
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System in which individuals own the factors of production and make economic decisions through free interaction
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Maryland Toleration Act
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Law that authorized religious religious tolerance for Trinitarian Christians; Passed on April 21, 1649 by the assembly of the Maryland colony
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Massachusetts Bay Colony
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Settled in 1630; was the first colony of the New England colonies
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Mayflower Compact
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A document that was signed in 1620 on the Mayflower ship by the Pilgrims that was considered the first example of self government
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Mediation
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Situation in which union and company officials bring in a third party to try and help them reach an agreement
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Mercantilism
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The theory that a country should sell more goods to other countries than it buys
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Middle Colonies
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New York, New Jersey, Pennsylvania, and Delaware
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Middle Passage
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Involved in the triangular trade system; was the part in triangular trade that the Africans that would be used for slavery were shipped from Africa to the New World
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NAFTA
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North American Free Trade Agreement; an agreement made between the United States, Canada, and Mexico regarding trading with one another; put into place on January 1, 2008
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Necessary and Proper clause
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Gives Congress the power to make any law that is necessary and proper for running the country
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New England Town meetings
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Open conventions that promote democracy
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Northern colonies
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Rhode Island, Connecticut, New Hampshire, and Massachusetts
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Oligarchy
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A from of government when a small group of people has control over a country
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Opportunity Cost
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The cost of the next best alternative use of time and money when choosing to do one thing rather than another
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Original jurisdiction
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The authority to hear cases for the first time
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OSHA
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Occupational Safety and Health Administration; founded in 1971 as part of the U.S. department of Labor; makes laws that enforce standards to help the population of working women and men have a healthy life
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Payroll tax
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The amount of money that is taken out of the paychecks of the employees of the U.S.
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Physical capital
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One of the three primary factors of production; includes things that are added to production, like machines
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Pigeon Hole
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A small open space in a desk or wall for storing things like papers
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Plank
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Each individual part of a political party's platform
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Platform
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A series of statements expressing the party's principles, beliefs, and positions on election issues
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Pocket veto
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President's power to kill a bill, if Congress is not in session, by not signing it for 10 days.
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Political Action Committee
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(PAC) Political organization established by a corporation, labor union, or any other special interest group designed to support candidates by contributing money
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Popular sovereignty
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The notion that power lies with the people
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PPF
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Graph representing production tradeoffs of an economy given fixed resources
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Precinct
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A geographical area that contains a specific number of voters
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President Pro tempor
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An officer that is designated to be a stand-in for the leader when they cannot be present
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Presidential succession
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Who takes the president's place in case of death or disability
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Price Ceiling
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Maximum price that can be charged for goods and services, set by the government
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Price floor
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Minimum price that can be charged for goods and services, set by the government
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Primary Election
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An election that narrows down the number of candidates for an office, such as the Presidential election
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Progressive tax
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A tax that has an increasing tax rate as the tax base increases
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Puritans
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Religious dissenters who came to the colonies to purify the Anglican Church
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Regressive tax
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A tax that takes a larger amount from a smaller tax base
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Representative democracy
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A government in which citizens choose a smaller group to govern on their own behalf
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Reserved powers
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Powers that the Constitution does not give to the national government that are kept by the states
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Responsibility
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An obligation that we fulfill voluntarily
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Retribution
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The punishment that a person receives for committing a crime
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Roger Williams
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An English Protestant that believed in the freedom of religion and the separation of the church and state
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Salary
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A fixed payment that a person receives for working
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Salutary neglect
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A period during the colonial times when England kept the colonies obedient by avoiding strict parliamentary force
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Scarcity
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Not having enough resources to produce all of the things we would like to have
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Shay's Rebellion
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An armed uprising that took place in Massachusetts; showed that we needed to have a stronger government system in the U.S.
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Shortage
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Situation in which quantity demanded is greater than quantity supplied
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Slander
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Spoken untruths that are harmful to someone's reputation
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Social contract theory
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The view that someone's moral/political obligations are dependent upon a contract or agreement among them to form the society in which they live
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Soft money
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Donations given to political parties and not designated for a particular candidate's election campaign
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Southern Colonies
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Maryland, Virginia, North Carolina, South Carolina, and Georgia
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Speaker of the house
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The officer that is the speaker of the House of Representatives; second in the succession of the President
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Specialization
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When people, businesses, regions, and/or nations concentrate on goods and services that they can produce better than anyone else
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Subpoena
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A writ ordering someone to attend court
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Suffrage
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The right to vote
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Supply
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The amount of goods and services that producers are able and willing to sell at various prices during a specified time period
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Surplus
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Situation in which quantity supplied is greater than quantity demanded; situation in which government spends less than it collects in revenues
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Tariff
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A customs duty; a tax on an imported good
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Theocracy
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A system of government in which a priest rules to serve God and in the name of God
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Torts
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Wrongful acts for which an injured party has the right to sue
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Total Electoral Votes
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538
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Totalitarianism
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A system in which government control extends to almost all aspects of people's lives
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Traditional Economy
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An economic system in which the decisions of what, how, and for whom to produce are based on custom or habit
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Triangular trade
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Pattern of trade that developed in colonial ties among the Americas, Africa, and Europe
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Underutilization
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To not use in an insufficient amount
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Variable cost
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Costs that vary depending on a company's production volume
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Vice President
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The office directly under the President; does nothing except for what the President tells them to; first in line for the succession of the President
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Voter apathy
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When voters in an election don't care about what is going on or who wins
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Wage
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a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee
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White collar worker
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A job with a high level of education and job perks
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WTO
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World Trade Organization; deals with global trading between nations
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