Unit 2 Review Indiana History

Rules For Voting in Indiana You have the right to vote in Indiana if: You are both a U.S. citizen and a resident of Indiana You will be at least 18 years of age on or before the next General or Municipal Election You are not currently in prison after being convicted of a crime You have lived in the precinct where you vote for at least 30 days prior to the election You are registered to vote.

Goods and Services Goods- A good is something that you can use or consume, like food or CDs or books or a car or clothes. You buy a good with the idea that you will use it, either just once or over and over again. Services- A service is something that someone does for you, like give you a haircut or fix you dinner or even teach you social studies. You don't really get something solid, like a book or a CD, but you do get something that you need.

Productivity The invention of the machine helped speed up productivity. Productivity means how much work is able to be done over a period of time.

Barter Barter-to trade a good or service for something you want or need The first citizens of Indiana bartered for what they wanted or needed

Producers and Consumers Producer-makes goods Consumer-buys the goods being made

Supply and Demand Supply- how many of a certain good or service are available for people to purchase Demand-what consumers are willing and able to buy at a certain price

The Three Branches of Government Executive Branch Legislative Branch Judicial Branch

Executive Branch Sees that laws are carried out Can veto, or say no to a bill Governor is part of the Executive Branch, as well as Dr. Bennett, the Superintendent of Public Instruction

Legislative Branch The “voice of the people” because they write the laws that we must follow Senate (50) and House of Representatives (100) are part of this branch Its members are only in session for a few months each year

Judicial Branch Settles conflicts over laws Indiana Supreme Court and Indiana Appellate Court is part of this branch

Incentives Incentives are reasons why people start their own business What are examples of incentives that you can think of?

Profit Profit (the money made by a producer) is a producer’s revenue from selling a good or service minus the cost of producing the good or service

Saving Saving means setting aside a certain amount of money each time you get paid. Say you got $5.00 a week and saved $3.00 of it each week. After a month you’d have $12.00, after two months you’d have $24.00, and after six months you’d have $72.00.

Income You’re old enough now to have some of your own money. The money you get is also called income, and you’re probably getting it in these ways: Earning it through a job or work outside your home, like a paper route or babysitting. From gifts, like a birthday check from Grandma. You’ve probably gotten a check or cash for your birthday, holidays, or other special occasions from relatives or friends. From allowance given to you by your parents.

Needs Needs are things that we truly can’t be without, such as: Nutritious food A place to live A warm winter coat A good pair of shoes Transportation