1. Ch 17-NC18
What are some things the FED can do to manipulate the money supply and increase or decrease interest rates?
2. What are the functions of the FED?
3. How do banks get money?
4. List services of banks
5. List the different types of banks and their characteristics
6. What is the difference between monetary and fiscal policy?
8. Recession vs. expansions
9. CPI tracks what?
10. Draw and explain the levels in a business cycle
11. Progressive, regressive, and proportional taxes
12. Excise, sales, payroll, and income taxes- list which level of government gives each specific tax
13. Bull vs. bear
14. GDP, GDP per capita
16. Comparative advantage, tariffs, NAFTA, EU
17. Balance of trade, trade surplus, trade deficit
18. Time deposit vs. demand deposit
19. Sherman Anti- Trust Act
20. List ways in which the government regulates businesses ( most are 3-4 letter words)
22. FDA, OSHA, FTC, etc…
23. Disposable income vs. discretionary vs. personal income
Ch 15-17 Study Guide
1. Monetary vs. Fiscal policy
2. Time deposit
3. Recession vs. expansion
4. Income tax vs. excise tax
5. Sherman Antitrust Law
6. List ways in which the government regulates business
7. Why was the FDA started? Remember the story from class
8. Consumer Product Safety Commission
9. Characteristics of the market economy and different names of the market economy
10. The invisible hand
11. Discretionary vs. disposable income
12. Capital gain vs. dividend
List some things that affect supply and could lower or raise production costs- list all of them from your notes!
surplus and a shortage
What does price help business owners answer?
What are the 3 questions of economics?
Explain the law of demand
What is a price control? Explain the two types
Explain diminishing marginal utility
Free enterprise (aka. The invisible hand)
The factors of production definition and 4 types
What should happen to supply if demand increases?
Product market vs. factor market
Sole proprietorship and corporations- advantages and disadvantages of each
Stock- what type of business has it?
What happens to price during a surplus?
3 things needed for demand to exist
Inelastic vs. elastic items
Substitutes vs. complements- give examples and definition
Marginal benefit in relation to marginal cost
Supply, demand, command economy, sole proprietorship, corporations, labor unions, strike, collective bargaining, market economy, opportunity cost, traditional economy-
SG ch 22 and 23
What kind of people have been “discriminated” against when it comes to who can vote?
Who is more likely to vote?
What is the difference between primaries and the general election?
What is censorship? Prior restraint?
Why is TV so important to politics?
What is a lobbyist?
Referendum and initiative, how are they different?
Slander and libel
First two political parties
Difference between Democratic- Republicans and Federalists
Describe the two party system in the US
National convention, what happens?
Watchdog, what does this mean?
Purpose of political parties
well informed citizentry
Platform vs. planks
Political parties Planks Platform Precincts Split ticket Patronage Primary election General election Propaganda Bias Electoral College Incumbent Media
What is the Juries job?
What are the differences between criminal and civil laws?
Remember the following amendments- 4th, 5th, 6th, 7th, 8th
What is common law? How is it different than statutory?
What is the difference in felonies and misdemeanors?
What is detention and recidivism?
Explain the adversarial system of justice
What is administrative law?
What is the only crime in the Constitution?
List the correct order of events in judicial process
Name all the types of law that would be included under public law
Draconian Law, Laws, Civil disobedience, Statutes, Legal code, Code of Hammurabi, Assault, Probable cause, Treason, Terrorism, Indictment, Embezzlement, Battery, Burglary, Status offender , Delinquent, Crime, Misdemeanor, Criminal law, Felony, Warrant, Bail, Plea Bargaining, Parole, Civil law, Arraignment
Ch 11 and 12 SG
What is federalism? What level of government has the most power?
Explain some characteristics on NC trial judges
What level of courts hear misdemeanors? Felonies?
What is the difference between veto and line-item veto?
What did the Leandro case do? State v. Mann?
Who is the leader of the state executive branch?
Home rule, what does it allow to be done
Town meetings what are they an example of
Public policy, give examples
Ordinance, what is it
Police- Sheriff, highway patrol, city police. Who has jurisdiction where?
Council manager, mayor council, and commission forms of government
Charter, what is it
Intergovernmental revenues, what are they, who gives, who gets
General assembly, what is it
Unitary system, initiative, referendum, apportioned, council of state, zoning, municipality
Ch 8- 10 SG
Know the following:
Which house is “closest” to the people?
Who is in line for presidency?
List some specific powers of Congress listed in the Constitution
What do the legislative, executive, and judicial branches do?
What is the elastic clause
List the steps in a bill becoming a law
List the 7 hats of the president
requirements to be president
How are electoral votes
What are some powers of the president
List 4 top cabinet positions in the US
List the types of cases federal courts have jurisdiction over
How is the court of appeals different than the district courts?
Judicial review- what is it what case gave it
Draw a triangle diagram that would describe the levels of the courts
Vetoing is an example of what?
Who declares war?
Who says a law is unconstitutional?
Who selects the Speaker?
Court cases- Roe v. Wade, Marbury, Miranda, Dred Scott
Ch 6-7 Test Study Guide!
The Bill of Rights-what it is and its purpose
Purpose of the amendments
Affirmative action and its criticisms
Reserved powers of the state governments under federalism, list them.
What is judicial review? What court case established it?
Plessy v. Ferguson- what did it do? What principle did it establish?
Brown vs. BOE- what did it do? What did it overturn?
How many amendments are there?
When were the 13, 14,15th amendments passed? What did they do?
Tinker vs. Des Moines
The establishment clause
How do court cases show that the Constitution is a flexible, living document?
Know the following amendments!
1st, 13th, 14th, 15th, 5th, 6th, 19th, 4th, 16th, 2nd, 10th, 8th
Remember, all tests are cumulative…
SG 4- NC 5 Test
Know the following People and what they did or believed; Know why events or documents are important
French and Indian War
Mayflower Compact and the Virginia House of Burgesses
Weaknesses of the Articles of Confederation
The Virginia Plan, NJ Plan, 3/5s Compromise, and the Great Compromise
Differences between the Articles and the Constitution
Necessary and Proper Clause
Concurrent, Enumerated, Reserved, and Implied powers
Popular Sovereignty, Checks and Balances, Separation of Powers, and Federalism- define each and tell how they limit government
Declaration of Rights
How NC Constitution can be amended
State v. Mann and Leandro V. NC