Capitalism: Freedom of choice and individuals incentive for workers, investors, consumers, and business enterprises are emphasized.
Communism/Marxism: Central government directs all major economic decisions.
Socialism: Government owns the basic means of production, determines the use of resources and provides social services.
Federalism: National and state governments divided in power
Anti-Federalism: Against the Constitution in 1789 and having a strong U.S Federal government
Part II-The Constitution
How many articles are there in the US Constitution? Also, briefly describe what each covers? (5 points) There are seven articles in the US Constitution. Articles one describe the Legislative branch where it contain two houses, the house …show more content…
I will not tell you which ones. So, you may rely upon your excellent penchant for recall, or write down the rest of the Amendments and what they ensured or corrected. (0 points---This is an intrinsic exercise for the exam. It is on the exam…oh, conundrum! Do all of the Amendments for nothing? Or, do all of the Amendments for the final…which I know…that some Amendments will be present. ….Muhahahahahahahahahaaaaa!!!!!).
Part III-The Courts
What are the levels of the federal court system? Describe each. (5 points)
The federal court system contains three main levels; one is district court, circuit court and supreme court of the U.S. Supreme court deals with matters of the state and is the highest court in state. Circuit court, resides over cases where parties are dissatisfied. Lastly, district court, jurisdiction over cases that involve civil and criminal actions.
What is “double jeopardy”? Retrial of a person who was acquired in a previous trial for the same crime.
How many Supreme Court justices are there, who are they, and how do they tend to decide politically? There are 8 supreme court justice. Anthony Kennedy, Clarence Thomas, Ruth Bader Ginsburg, Stephen Breyer, Samuel Alito, Sonia Sotomayor, Elena Kagan, and Neil Gorsuch.
Writ of Habeas Corpus- Allowing to show a valid reason in which why a person is hold in …show more content…
A system in which the government regulates private enterprise.
What happens in a communist command economy? Government decides what to put, produce and the prices of the goods.
What’s a federalist economy? It is based on trade and manufacturing.
What’s a capitalist economy? Private ownership of production
What is Trickle Down/Voodoo Economics, and which economics school/economist came up with it? Trickle down is a product that affect many consumer goods. Voodoo economics is an unrealistic economic policy.
What is Keynesian Economics? On stock market it’s the theories on output.
What is a corporation? Laws see it as a single entity.
What is a multi-national corporation? Makes and sells goods world wide.
What are “Special Economic Zones” set up by Deng Xiao Peng in 1978? Zones where multinational companies go to get away from higher taxes and have to pay workers equal pay.
What’s a monopoly? A business that controls so much of an industry that little or no competition exists.
Who are the proletariat? Workers who makes the good.
Who are the bourgeoisie? Capitalist who owns means of production.
What are the laws of supply and demand? The increase of demand the high the price goes
Communism/Marxism: Central government directs all major economic decisions.
Socialism: Government owns the basic means of production, determines the use of resources and provides social services.
Federalism: National and state governments divided in power
Anti-Federalism: Against the Constitution in 1789 and having a strong U.S Federal government
Part II-The Constitution
How many articles are there in the US Constitution? Also, briefly describe what each covers? (5 points) There are seven articles in the US Constitution. Articles one describe the Legislative branch where it contain two houses, the house …show more content…
I will not tell you which ones. So, you may rely upon your excellent penchant for recall, or write down the rest of the Amendments and what they ensured or corrected. (0 points---This is an intrinsic exercise for the exam. It is on the exam…oh, conundrum! Do all of the Amendments for nothing? Or, do all of the Amendments for the final…which I know…that some Amendments will be present. ….Muhahahahahahahahahaaaaa!!!!!).
Part III-The Courts
What are the levels of the federal court system? Describe each. (5 points)
The federal court system contains three main levels; one is district court, circuit court and supreme court of the U.S. Supreme court deals with matters of the state and is the highest court in state. Circuit court, resides over cases where parties are dissatisfied. Lastly, district court, jurisdiction over cases that involve civil and criminal actions.
What is “double jeopardy”? Retrial of a person who was acquired in a previous trial for the same crime.
How many Supreme Court justices are there, who are they, and how do they tend to decide politically? There are 8 supreme court justice. Anthony Kennedy, Clarence Thomas, Ruth Bader Ginsburg, Stephen Breyer, Samuel Alito, Sonia Sotomayor, Elena Kagan, and Neil Gorsuch.
Writ of Habeas Corpus- Allowing to show a valid reason in which why a person is hold in …show more content…
A system in which the government regulates private enterprise.
What happens in a communist command economy? Government decides what to put, produce and the prices of the goods.
What’s a federalist economy? It is based on trade and manufacturing.
What’s a capitalist economy? Private ownership of production
What is Trickle Down/Voodoo Economics, and which economics school/economist came up with it? Trickle down is a product that affect many consumer goods. Voodoo economics is an unrealistic economic policy.
What is Keynesian Economics? On stock market it’s the theories on output.
What is a corporation? Laws see it as a single entity.
What is a multi-national corporation? Makes and sells goods world wide.
What are “Special Economic Zones” set up by Deng Xiao Peng in 1978? Zones where multinational companies go to get away from higher taxes and have to pay workers equal pay.
What’s a monopoly? A business that controls so much of an industry that little or no competition exists.
Who are the proletariat? Workers who makes the good.
Who are the bourgeoisie? Capitalist who owns means of production.
What are the laws of supply and demand? The increase of demand the high the price goes