1. Unit 2 Review
Indiana History

2. 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.

3. 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.

4. 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.

5. 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

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

7. 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

8. The Three Branches of Government
Executive Branch
Legislative Branch
Judicial Branch

9. 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

10. 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

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

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

13. 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

14. 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.

15. 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.

16. 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