Notecards for Social studies
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Who owns the resources in a Traditional Economy? | Induviduals
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| Who owns the resources in a Command Economy? | The Government
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| Who owns the resources in a Market Economy? | Induviduals
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| What decides what will be produced in a Traditional Economy? | Customs and Beliefs
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| Who decides what will be produced in a Command Economy? | The Government
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| Who decides what will be produced in a Market Economy? | Whoever owns the company or factory
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| What will decide how things will be produced in a Traditional Economy? | Customs and Beliefs
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| What will decide how things will be produced in a Command Economy? | The Government
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| What will decide how things will be produced in a Market Economy? | Whoever owns the company
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| Who gets whats produced in a Traditional Economy? | Depends on who you are
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| Who gets whats produced in a Command Economy? | The Government decides
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| Who gets whats produced in a Market Economy? | Depends on money
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| F.O.Ps | Land, Labor, Capital
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| Land | Non man-made materials used to make a good or service
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| Labor | The skills, knowledge, time and energy of people involved in making a product or service.
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| Capital | Man-made items like tools and factories used to provide a good or service
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| Want | The desire or need for a product or service
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| Production | The combination of the land, labor, and capital to make a good or service
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| Distribution | The act of making a good or service available to people
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| Consumption | The act of using a good or service. Satisfaction may only be temporary
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| Benefits | The positive aspects associated with a choice
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| Scarcity | The absence of something that results from the conflict between unlimited wants and limited resources
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| Opportunity Cost | The most important benefit that you give up because you chose something else
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| Traditional Economy | Everyone works for the good of everyone else. May be considered "Primitive" by some
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| 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.
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| Market Economy | People have a major say in economic decisions. Most are motivated by the opportunity to make money.
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| Mixed Economy | An economy that is a mixture of the three basic systems
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| Weakness in bartering | Inconvenient in today's economy
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| 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
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| 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
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| 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
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| 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.
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| Money is easily counted and measured | Makes it easy to establish prices, keep track of value, profits and losses.
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| Money is durable | Money lasts for a long time and is not easily destroyed
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| Money is convenient | It is easy to carry and use
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| 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.
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| Money is easily controlled | In the growing economy, there must be a continuous supply of money with just the right amount available
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| Value of currency | It is officially recognized as currency by the U.S. federal government
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| What impact did the Dredd Scoot verdict have on America? | It defined slavery as constitutional, and slaves as property
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| Thurgood Marshall was not only Linda Brown's lawyer but later... | The first African-American supreme Court Justice
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| 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
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| Amendment XVIII (18) and XXI (21) are related because... | XVII (18) made alcohol illegal and XXI (21) made it legal again
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| Amendment XIII (13) was added to the Constitution as a result of... | The North's defeat of the South in the Civil War
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| Amendment XIV (14) | Gave African Americans citizenship
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| 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
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| Amendment XXIV (24) ended | Poll tax
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| What might be an argument behind the XXVI (26) Amendment? | If you are old enough to fight, you are old enough to vote
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| The Miranda warning explains a person's rights under the | Fifth Amendment
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| In Tinker versus Des Moines, the Supreme Court ruled that students | Have a right to free speech
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| What was the effect of Nixon refusing to turn over the Watergate tapes? | Nixon resigned
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| Roe versus Wade involves which Amendment and the right to privacy? | The Fourteenth Amendment
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| The most recent Amendment to the Constitution deals with? | Congressional salaries
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| What did the most recent voting rights Amendment do? | It lowered the age to 18 in all elections
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| Several constitutional Amendments reflect the change in attitude about? | Who has the right to vote
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| True or false The term "separate but equal" was given Constitutional approval by the Brown vs. Board verdict in the Supreme Court | False
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| Challenged the abortion laws in Texas | Roe vs. Wade
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| Decision emphasized that no one is above the law | Nixon vs. United States
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| Adopted a policy banning armbands | Tinker vs. Desmoines Public Schools
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| This case supported slave owners | Dred Scott vs. Sandford
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| Overturned Plessy vs. Ferguson | Brown vs. Board Of Education in Topkea
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