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Presentation transcript:

Supply and Demand DemocracyEconomy Types of Government Misc.

If supply goes up what will happen to demand?

Demand will go up.

What is the definition of Quantity

The amount of an item

Define Equilibrium

Ideal price and quantity of an item.

When supply and demand intersect on a graph what is the intersection point called?

Point of Equilibrium

If the supply of the item goes up what will that cause the demand of that product do?

The demand will go down.

What is the definition of a Democracy?

Government of whole population by elected representatives.

What is an example of a Democracy besides the USA?

Canada, Great Britain

What democracy has their people vote on every law?

Direct Democracy

What is an Indirect Democracy?

Elected officials make laws in the interest of you, the people.

What is a con of a presidential democracy?

Slow in decision making.

What is a stock?

Shares of ownership in a company.

A person who buys a company’s stock is known as…

A shareholder

What is a sole proprietorship?

A business that is owned by a single person.

What type of economy has a government regulates supply and price?

Command Economy

What is a market economy?

An economy in which the government does not have control over.

Adolf Hitler was an example of what type of government?

Dictatorship.

What type of government who’s people elect the legislative and executive branch?(invented by the U.S.)

Presidential Democracy

What was the most common form of democracy?

Parlimentary

What is the definition of a Unitary Government?

All power at the national level.

All power at the local level is called what?

Confederate

Definition of power is…

Someone who has authority like a government, has control, authority, and responsibility.

When you have a government where all the power is located at the national level this is called. A. Confederate B. Federalism C. Unitary

C

Which is not capital? A. Tools B. Labor C. Money D. Machinery

B

The 3/5 th ’s compromise pertained to whom? A. Women B. Children C. Slaves D. The British

C

What day is our graduation?