Lowe. Euro – worth more than the dollar China, India, and other Asian countries make goods for less money than they can be made in the U.S or Europe.

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Presentation transcript:

Lowe

Euro – worth more than the dollar China, India, and other Asian countries make goods for less money than they can be made in the U.S or Europe

Manufacturing jobs – jobs making goods Information age – 21 st century computers and technology use

Abilene, Wichita, Oklahoma, Ft. Worth, Waco, Austin, San Antonio to King Ranch

Small apartments

Bill of rights – first ten amendments  1. freedom of speech, religion, press, assembly (gathering) and petition.  2. right to keep and carry weapons or arms  3. protect families from military having to stay in their homes.  4. protect from searched and having things seized or taken away  5. due process  6. right to trial by jury  7. right to civil trial by jury  8. excessive bail (bail money that the court chart to allow a person not to go to jail while waiting for the trial.  9. just because a right is not written in the constitution doesn’t mean a person doesn’t have the right  10. any power that federal government does not have it goes to the state or people

Which of the following is one of the duties of citizenship? A.reading many books B.visiting national parks C.voting is elections D.watching candidates speak

A. The government follows its own laws B. The government makes up its own laws C. People can do what they want D. People have to do what the government says.

The government follows its own laws

A. The right to bear arms B. The right to a trial by jury C. Protection from cruel and unusual punishment D. The right to assemble

The right to assemble

E Pluribus Unum a Latin phrase means “Out of the many, one.” (Found on American coins) Became the official motto in 1782 – “many” stands for the states and the “one” is the whole U.S.

13 th – slavery outlawed 14 th – all people born in the U.S. equal citizens giving A.A. citizenship 15 th – right to vote to those over the age of 21,(AA over 21 could vote, but had to pay a tax and other test in some areas) 19 th – 1920 gave women right to vote 24 th – changing charging a poll tax to vote 26 th – voting age to 18

The total amount of things that a group of people can produce  Five things that improve this  Resources – car, money, things to be used  Technology – electricity, phone, television, computers  capital goods – complex tools needed for making things like computers for office, tractors for a farm, necessary to do business (expensive)  Specialization – to do one thing very well  division of labor – use of an assembly line, different workers are responsible for different jobs of the same product

What is given up by doing one thing instead of another. (Use something, they gain something but give something up). Example: You only have two eggs in the refrigerator. It takes two eggs to make brownies and two eggs to make scramble eggs. If you make brownies, you can’t have scramble eggs.

Price – how much it cost and how difficult it is to get Scarcity - product is hard to get, raises the prices of a product Surplus - product is easy to get, lower the price of a product

Free market – people can trade with each other almost at any time in any way that they both agree. Egypt does not. Voluntary exchange - people can buy what they want and sell what they want The more trade happens in an economy, the better the economy is. Example of trade: Georgia farmers sell their peaches to people in Oregon and Oregon farmers sell their apples to people in Georgia.

Your mother will let you invite seven people over for your party. There are 20 people in your class. Leaving people out will be difficult. What is the situation called? a. Scarcity b. Surplus c. Opportunity cost d. Free trade

A. productive capacity B. voluntary exchange C. specialization D. division of labor

a. Productive capacity b. Free market c. Division of labor d. Opportunity cost

1. C 2. B 3. C