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Published byAlfred Hutchinson Modified over 9 years ago
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200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 A MEND
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What is a market in which goods are sold illegally?
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black market
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Which constitutional amendment says accused persons do not have to testify against themselves and no “double jeopardy”?
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5th
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In what situation is quantity demanded greater than quantity supplied?
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shortage
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Which constitutional amendment grants citizenship to those who are born in the U.S.?
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14th
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What is the sudden lack of availability of a good?
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supply shock
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Which constitutional amendment grants freedom of religion, speech, and press?
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1st
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What is a system of allocating scarce goods and services using some criteria other than price?
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rationing
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Which constitutional amendment says no unreasonable searches and seizures?
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4th
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What is a minimum price for a good or service?
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price floor
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What is a price ceiling placed on the amount people pay for housing?
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rent control
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Which constitutional amendment ended slavery?
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13th
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What is it called when quantity supplied and quantity demanded are not the same in a market?
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disequilibrium
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What is it called when quantity supplied is more than quantity demanded?
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excess supply
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Which constitutional amendment granted women the right to vote?
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19th
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What is a maximum amount that can be legally charged for a good or service?
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price ceiling
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What is the point at which quantity supplied and quantity demanded are the same?
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equilibrium
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What is it called when quantity demanded is more than quantity supplied?
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excess demand
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What is the only constitutional amendment to be repealed, and what had it done?
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18th - prohibition of alcohol
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What are the financial and opportunity costs consumers pay when looking for a good or service?
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search costs
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Which constitutional amendment lowered the voting age from 21 to 18?
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26th
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What is the smallest amount, by law, that can be paid to a worker for an hour of labor?
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minimum wage
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Which constitutional amendment says no cruel or unusual punishment?
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8th
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What is another way to say “excess supply”?
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surplus
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What are costs of production that affect people who have no control over how much of a good is produced?
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spillover costs
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Which constitutional amendment deals with States' rights?
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10th
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