GED Gov and Econ

What is the difference between a dictatorship and a monarchy?

• A dictator is voted for while a monarch is born into power

• They both are government styles that are led by a single person

• A dictator exercises absolute power in every aspect of life

• A monarch can be either female or male

The Legislative branch...

• Creates the law

• Enforces the law

• Judges the law

• Interprets the law

The elastic clause

• allows the Federal Government oppose the State Government

• allows the Federal Government to do anything that is "necessary and proper"

• allows the Federal Government to maintain a healthy level of debt

• allows the Federal Government to create laws for "the good of the majority"

What document protected the rights for noblemen and barons, hinting at an early understanding of democracy?

• Declaration of Independence

• Mayflower Compact

• Bill of Rights

• Magna Carta

The Plessy v Ferguson ruled that

• The State government had the sovereignty to decide the legality of segregation

• state ordered segregation was legal so long as the facilities for blacks and whites were equal

• state ordered segregation was illegal because the facilities for blacks and whites were not equal

• The Federal government did not have the sovereignty to decide the legality of segregation

What economic system emphasizes the exploitation of raw materials from colonies in order to encourage a higher rate of export for a mother country

• Colonialism

• Mercantilism

• Capitalism

• Socialism

How does the US Constitution limit the government

• The Amendment Process

• Tariffs

• The Elastic Clause

• Checks and Balances

Which economic system likely has higher taxes?

• Capitalism

• Socialism

The Invisible Hand represents...

• Competition

• The Government

• Taxes

• Specialization

What does GDP stand for?

• General Domestic Produce

• Gosh Darn Pretty

• Gross Demand Profit

• Gross Domestic Product