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Social Studies Final
Notecards for Social studies
| Question | Answer |
|---|---|
| Who owns the resources in a Traditional Economy? | Induviduals |
| Who owns the resources in a Command Economy? | The Government |
| Who owns the resources in a Market Economy? | Induviduals |
| What decides what will be produced in a Traditional Economy? | Customs and Beliefs |
| Who decides what will be produced in a Command Economy? | The Government |
| Who decides what will be produced in a Market Economy? | Whoever owns the company or factory |
| What will decide how things will be produced in a Traditional Economy? | Customs and Beliefs |
| What will decide how things will be produced in a Command Economy? | The Government |
| What will decide how things will be produced in a Market Economy? | Whoever owns the company |
| Who gets whats produced in a Traditional Economy? | Depends on who you are |
| Who gets whats produced in a Command Economy? | The Government decides |
| Who gets whats produced in a Market Economy? | Depends on money |
| F.O.Ps | Land, Labor, Capital |
| Land | Non man-made materials used to make a good or service |
| Labor | The skills, knowledge, time and energy of people involved in making a product or service. |
| Capital | Man-made items like tools and factories used to provide a good or service |
| Want | The desire or need for a product or service |
| Production | The combination of the land, labor, and capital to make a good or service |
| Distribution | The act of making a good or service available to people |
| Consumption | The act of using a good or service. 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 |
| Traditional Economy | Everyone works for the good of everyone else. May be considered "Primitive" by some |
| Command Economy | You have little to say in economic decisions. You will do as you are told and you will like it or else! The Government controls all the F.O.P. |
| Market Economy | People have a major say in economic decisions. Most are motivated by the opportunity to make money. |
| Mixed Economy | An economy that is a mixture of the three basic systems |
| Weakness in bartering | Inconvenient in today's economy |
| Money as a medium of exchange | It's what you give to get something else. People accept it because they can use it to buy something for themselves |
| Money as a standard of value | People understand the comparative worth of an object or service when discussing its price or the money it generates |
| Money as a store of value | It can be recognized when you decide to keep it instead of spending it. You are storing it for use in the future |
| Money is generally acceptable | Everyone is willing to take money in exchange for goods and services because they too will be able to use it or save it. |
| Money is easily counted and measured | Makes it easy to establish prices, keep track of value, profits and losses. |
| Money is durable | Money lasts for a long time and is not easily destroyed |
| Money is convenient | It is easy to carry and use |
| Money is cheap to produce | Today's paper money and coins are much less expensive then the past practice of mining precious metals for coins. |
| Money is easily controlled | In the growing economy, there must be a continuous supply of money with just the right amount available |
| Value of currency | It is officially recognized as currency by the U.S. federal government |
| What impact did the Dredd Scoot verdict have on America? | It defined slavery as constitutional, and slaves as property |
| Thurgood Marshall was not only Linda Brown's lawyer but later... | The first African-American supreme Court Justice |
| Amendment XXVII (27) limits how Congress may receive pay raises by... | Not allowing member to receive the raises they give themselves until after they win re-election |
| Amendment XVIII (18) and XXI (21) are related because... | XVII (18) made alcohol illegal and XXI (21) made it legal again |
| Amendment XIII (13) was added to the Constitution as a result of... | The North's defeat of the South in the Civil War |
| Amendment XIV (14) | Gave African Americans citizenship |
| What was the basis of Dred Scott's argument in the U.S. Supreme Court? | Having being brought by his master into a free state he was thereby a freeman |
| Amendment XXIV (24) ended | Poll tax |
| What might be an argument behind the XXVI (26) Amendment? | If you are old enough to fight, you are old enough to vote |
| The Miranda warning explains a person's rights under the | Fifth Amendment |
| In Tinker versus Des Moines, the Supreme Court ruled that students | Have a right to free speech |
| What was the effect of Nixon refusing to turn over the Watergate tapes? | Nixon resigned |
| Roe versus Wade involves which Amendment and the right to privacy? | The Fourteenth Amendment |
| The most recent Amendment to the Constitution deals with? | Congressional salaries |
| What did the most recent voting rights Amendment do? | It lowered the age to 18 in all elections |
| Several constitutional Amendments reflect the change in attitude about? | Who has the right to vote |
| True or false The term "separate but equal" was given Constitutional approval by the Brown vs. Board verdict in the Supreme Court | False |
| Challenged the abortion laws in Texas | Roe vs. Wade |
| Decision emphasized that no one is above the law | Nixon vs. United States |
| Adopted a policy banning armbands | Tinker vs. Desmoines Public Schools |
| This case supported slave owners | Dred Scott vs. Sandford |
| Overturned Plessy vs. Ferguson | Brown vs. Board Of Education in Topkea |
Created by:
joemama78
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