Government and Economy

The Constitution...

• declared the United States to be independent from Britain.

• established rules for the United States and gave the government more power than it had before.

• established a government in which the states held most of the power.

• only applies to people from Virginia, New York, and Massachusetts.

How does the Constitution divide the power of the federal government?

• It lists the duties of each of the 50 state governments.

• It provides the reasoning why local governments can issue fines and ordinances.

• It assigns the responsibilities so that one branch can become more powerful.

• It separates the powers of the federal government among three branches.

What is an amendment?

• a local government body

• a written plan of government

• an official change to the Constitution

• a form of government in which the power is held by the people

A healthy economy has...

• businesses closing.

• people employed and lots of jobs available.

• people saving all of their money and never spending.

• all goods being imported.

Which is a service?

• shoe sales

• computer repair

• selling toys

• clothes for sale

Which is a good?

• walking a dog

• computer repair

• selling toys

• cleaning your house

Why do people put money in a bank?

• Banks teach people how to make money.

• Banks work with governments to keep taxes low.

• Bank managers help people choose which things to buy.

• Banks keep your money safe and pay you interest.

What is scarcity?

• a lot of products in stores.

• being fearful.

• not a lot of something.

• goods are easily available.

Why does the USA import goods from other countries?

• Other countries suffer from scarcity.

• Other countries specialize in certain goods.

• The USA has a perfect climate for all goods.

• There is little demand for other goods.

Which is a way that the economy can affect people who are helping in their community?

• It may be difficult to raise money for charity if the economy is doing well.

• Since volunteers do not get paid, they do not contribute to society.

• Local businesses are less likely to donate products and services in a good economy.

• When the economy does well, people are more likely to have money to donate to a cause.