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Final Review
| Term | Definition |
|---|---|
| Land | The non man-made materials(natural resources) used to make a product or provide a service |
| Labor | The skills, knowledge, time and energy of people involved in making a product or providing a service. |
| Capital | Man made items like tools and factories used to produce a good or service |
| Wants | The desire or need for a product or service |
| Production | The combination of the land, labor, and capital to make a good or provide a service |
| Distribution | The act of making a product or service available to people |
| Consumption | The act of using a good or product. Satisfaction may only be temporary |
| Benefits | The positive aspects associated with a choice |
| Scarcity | The absence of something that results from the conflict between unlimited wants and limited resources |
| Opportunity Cost | The most important benefit that you give up because you chose something else. |
| Amendment 13 | Slavery Abolished |
| Amendment 14 | No state may deny citizens' right |
| Amendment 15 | Black men given the right to vote |
| Amendment 16 | income tax allowed |
| Amendment 18 | Prohibition |
| Amendment 19 | Women given the right to vote |
| Amendment 21 | prohibition repealed |
| Amendment 22 | President limited to two terms |
| Amendment 24 | poll tax outlawed |
| Amendment 25 | Presidential succession defined |
| Amendment 26 | 18 year olds given the right to vote |
| Amendment 27 | restriction placed on Congressional pay raises |
| Dred Scott Vs Sandford | A slave who thought he should be free because he was in a free state |
| Plessy Vs Fergusson | A white man who was 1/8 black was told to move to the black section of the train; "separate, but equal is okay" |
| Roe Vs Wade | Right to regulate abortion later in the pregnancy |
| Marbury Vs Madison | Supreme Court can declare acts of legislature and president unconstitutional |
| Miranda Vs Arizona | 5th amendment-self incrimination; Miranda rights |
| United States Vs Nixon | No one is above the law |
| Tinker Vs Des Moines Public Schools | "Do not leave 1st amendment rights at school door" |
| Negativity | Attacking the competition becomes central |
| The Bandwagon | The focus becomes people's need to belong to a group |
| Scare Tactics | This attempts to motivate people through their fear |
| Traditional Wisdom | Stressing that things were better in the past is the key |
| High Brow | The ad taps into the idea that some people obsess over social status |
| Humorous | The ad goes for laughs which may have nothing to do with the product |
| Statistics | Legitimate science is used to impress the consumer |
| Testimonials | Individuals speak about their real life experiences |
| A.I.D.A | Attention.Interest.Desire.Action |
| Slogans | Word or phrases we associate with a specific product |
| Jingles | Catchy phrases usually set to music and sung. |
| Trademarks | A visual image associated with a product. Often times appears noticably on the product itself |
Created by:
18tmay
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