Unit 1 Flashcards
(70 cards)
Public Good
Everyone participates in supplying (tax dollars) and which anyone can freely consume, as much as they desire
Private Good
Things people buy and consume themselves in a marketplace that supplies these goods according to the demand for them
Transaction Cost
The costs of doing business reflected in time and effort required to compare preferences and negotiate compromises in making collective decisions
Collective Action
An action taken by a group of like-minded individuals to achieve a common goal
Prisoner’s Dilemma
Whether to confess or let someone else get those benefits
Free Rider Program
Someone tags along without contributing
Tragedy of the Commons
Selfishly depleting natural resources
Representative Government
A political system in which citizens select government officials who, acting as their agents, deliberate and commit the citizenry to a course of collective action
Parliamentary System
A form of government in which the chief executive is chosen by the majority party or by a coalition of parties in the legislatures
The Articles of Confederation
The first Constitution, forming the basis of the first national government
The Declaration of Indpendence
The document drafted by Thomas Jefferson and adopted by the Second Continental Congress on July 4, 1776, declaring the independence of the thirteen colonies from Great Britain
Commerce Clause
Congress can regulate trade
Necessary and Proper Clause
Grants Congress the authority to make all laws that are “necessary and proper” and to execute those laws
“Take Care” Clause
Instructs the president to “take care that the laws be faithfully executed”
Supremacy Clause
Declares that national laws are the “supreme” law of the land and therefore take precedence over any laws adopted by states and localities
Slave Trade Clause
International slave trade banned in 1808 (present slaves can still reproduce)
Equal Protection Clause
All people in similar situations must be treated equally by the law
Establishment Clause
Separation of church and state
Free Exercise Clause
Freedom of religion
The Great Compromise
- Split control between large and small populations (two-chamber legislature, lower = population, upper = equal)
- Ended unanimous agreement requirement
- Commerce clause
- Necessary and proper clause
Separation of Powers
A fundamental principle of government that divides power among branches to prevent any one branch from becoming too powerful
Checks and Balances
A group of rules put in place to establish a genuine separation of powers based between government branches, allowing each branch to have a limited control over the branches’ activities
Checks and Balances (Judicial Branch)
Can declare laws unconstitutional (president & Congress)
Checks and Balances (Executive Branch)
- Nominates justices (Supreme Court)
- Veto legislation (Congress)