6SW3.2 Government & Economics of North America Vocabulary

What is the branch of government responsible for enforcing laws?

• legislative branch

• judicial branch

• executive branch

• municipal government

What does Gross Domestic Product (GDP) measure?

• the skills and knowledge of people

• the measure of a country's economic output

• the branch of government responsible for creating laws

• the measure of how many adults can read and write

What is human capital?

• the branch of government that interprets laws

• the skills and knowledge of people

• a government that operates at the local level

• a principal administrative division, similar to a state

Which branch of government is responsible for interpreting laws?

• executive branch

• legislative branch

• judicial branch

• federal government

What is the literacy rate a measure of?

• the measure of a country's economic output

• the measure of how many adults in a population can read and write

• the skills and knowledge of people

• the branch of government responsible for creating laws

What is a federal government?

• a government that operates at the local level

• a form of government in which powers are divided between a central government and several local governments

• a system of government in which citizens elect representatives

• an area of land under the jurisdiction of a ruler or government

What is a representative democracy?

• a government that operates at the local level

• a system of government in which citizens elect representatives to make decisions about the laws for all the people

• a principal administrative division, similar to a state

• an area of land under the jurisdiction of a ruler or government

What is a mixed economy?

• a government that operates at the local level

• a market-based economic system with limited government involvement

• a system of government in which citizens elect representatives

• a principal administrative division, similar to a state

What is the term for a person who starts up and takes on the risk of a business?

• Investor

• Entrepreneur

• Manager

• Employee

What is the definition of revenue?

• Outgoing expenses

• Incoming money

• Net profit

• Gross loss