SS8E3

Match the economic systems to its characteristics or meaning.

• Public and private sectors

• Traditional economy

• Customs, family, and historical basis

• Command economy

• Private sector, profit, and minimal gov.

• Mixed economy

• Centrally owned by the government

• Free Market

is a system of government in which power is shared between the national and state governments.

• Federalism

• Communism

• Socialism

Which did the Federalists believe in and which did the Anti Federalists believe?

• Supported the Constitution

• Federalists

• Wanted small local governments

• Anti Federalists

• Wanted to have a strong national republic

• Anti Federalists

• Were against approving the Constitution

• Federalists

The Interstate system has helped Georgia companies to...

• supply their products to many more areas

• increase the speed of traffic in Atlanta

• reduce the number of accidents involving trucks

• create many congested traffic areas in Atlanta

Which statement BEST describes Georgia's transportation infrastructure today?

• a strong transportation infrastructure including 2 deepwater ports, over 1,200 miles of interstate highways, over 5,000 miles of railroad track, and over 260 airports.

• been held back because it has less than 1,000 miles of interstate, 12,000 miles of federal and state highways, only 8 regional airports, and one seaport.

• an outstanding transportation infrastructure involving over 10 major seaports, over 25,000 miles of state and federal highway, over 1,500 miles of interstate, and over 320 airports.

The amount of money you make each month is considered what? (SS8E3)

• Credit

• Debt

• Income

• Interest

Having a budget, investing in the future, and staying out of debt are ways citizens ______________. (SS8E3)

• manage their money wisely

• influence government spending

• go bankrupt

• provide municipal revenue

What is the primary purpose of a budget in personal finance?

• To track expenses and income

• To increase debt

• To avoid paying taxes

• To spend more money

Which of the following is considered a liability?

• A car loan

• A savings account

• A retirement fund

• A stock investment

What is the term for the money left over after all expenses are paid?

• Net income

• Gross income

• Debt

• Credit