vocab by Jennifer Campos _ Student - EastWakeHS https://padlet.com/jjcampos/ug123s6x1vt5 civics en-us 2018-08-31 15:53:50 UTC 2019-01-15 14:56:37 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Lovecoffee.png Salutary Neglect jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/276938443 Def: Government does not enforce laws
Important: Part of the causes of the American revolution.]]> 2018-08-31 15:57:29 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/276938443 Taxation without representation jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/276939889 Def:It was unfair for the colonists to have a say about the tax England  made them pay for
Important: One of the reasons why the colonists were getting upset with England]]> 2018-08-31 16:02:39 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/276939889 Articles of Confederation jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/276942168 Def: The power to create an army and make treaties with other nations. made weak central government, NO presisdent, No national court system, NO same currency, NO power to congress to tax. good,  Ended war with England, US gained land (west),  ended slavery, accepted states.
Importance: Some rules colonists had made but came with some adjustments later on]]> 2018-08-31 16:09:34 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/276942168 "Common Sense" jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/276945065 def: An essay by Thomas Paine. Basically saying its time to break up with England. The colonists  needed more control and power independently.
Importance:  Made to colonists realize something needs to change]]> 2018-08-31 16:16:47 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/276945065 Natural Rights jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277042307 Def: Life, Liberty, and pursuit of happiness, (property) rights that comes in the natural law.
Importance : Part of the declaration of independents ]]> 2018-09-01 01:54:01 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277042307 Social Contract jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277042746 def: When people give up some freedoms to the government to have natural rights protected
Importance: One of the belief that one of the Enlightenment thinkers believed in strongly. ]]> 2018-09-01 02:02:41 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277042746 John Locke jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043141 Def: One of the enlightenment thinkers,  believed everyone has rights and can give up some freedom so the government can protect natural rights, if people don't like the government they can change it.
Importance: One of his beliefs is the social contract, influenced others in his belief to become more independent. ]]> 2018-09-01 02:09:07 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043141 Montesquieu jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043504 Def: French, believed in the three branches of government, EXECUTIVE, JUDICIAL, LEGISLATIVE. believed in checks and balances
Importance: one of the enlightenment thinkers, till this day we have the three branches]]> 2018-09-01 02:14:15 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043504 Bill of Rights jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043797 Def: the 10 amendments
Importance: established rules and rights every citizen]]> 2018-09-01 02:19:02 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043797 Federalists Papers jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043956 Def: Papers federalists wrote to support their views.
Importance: Reasons why federalists believed in the stuff they did]]> 2018-09-01 02:22:01 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277043956 Federalists jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277044242 Def: STRONG central gov WEAK state government, constitution was goo
Importance: what some colonists believed in]]> 2018-09-01 02:26:12 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277044242 Anti-Federalists jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277044844 Def: WEAK power to central gov, STRONG power to state govs, NOT agreed with constitution
Importance: the rest of the colonists views]]> 2018-09-01 02:31:06 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277044844 Constitutional Convention jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277629931 Def: Two compromises to settle two disputes, 3/5 compromise, and great/Connecticut compromise and brought both sides to satisfaction on both sides.
Importance: small, large, North and south states had came to a compromise.]]> 2018-09-04 16:09:41 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277629931 Great compromise jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277632845 Def: Small VS large states, large states wanted a proportional representatives in each state  VS small states wanted equal representatives in each state, Result, went by large states plan, proportional, and each state has 2 senators.
Importance: its part of the constitutional compromise]]> 2018-09-04 16:15:14 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277632845 Shay's rebellion jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/277641643 Def: A rebellion by farmers caused by the government raising the taxes and taking their farms as a punishment for not paying.
Importance: Made the government realize that the central government is weak]]> 2018-09-04 16:30:10 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/277641643 Popular Sovereignty jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/280415189 Def: The citizens/people are the source of the gov
Ex: 1) The people have the right to vote to choose who they want elections
2) The people can write letters to congress expressing feelings and disagreements]]> 2018-09-12 15:38:07 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/280415189 Separate Powers jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/280430880 Def: Each branch is divided into three branches of gov.
Ex: 1) Legislative are the HoR and senates
2) Executive are the president]]> 2018-09-12 16:03:50 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/280430880 Checks and Balances jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/280435513 Def: a system of the three branches of gov. check each other
Ex: 1) President can veto a law passed by congress
2)Judicial can find any law unconstitutional ]]> 2018-09-12 16:11:41 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/280435513 Federalism jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/280447917 Def: divides power to Federal Gov and State gov
Ex 1) Federal gov, can coin money and provide postal services
2) State gov, can establish schools and elections

]]> 2018-09-12 16:32:42 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/280447917 Expressed Power jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/282597735 Def: Powers written in the constitution
Ex 1)power to lay and collect taxes 2) rise and support armies ]]> 2018-09-17 20:28:21 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/282597735 Implied Powers jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/282601988 Def: Powers NOT written in the constitution
 Ex 1) lay and collect implies creating the IRS, 
2) rise and support armies implies drafting citizens if needed]]> 2018-09-17 20:41:06 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/282601988 Concurrent Powers jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/282990600 Def: Powers that the state and federal government has
Ex 1) Collect taxes
2) Borrow money]]> 2018-09-18 15:47:04 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/282990600 Reserved Powers jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/282991763 Def: 10th amendment, Powers that the states have
Ex: 1) License professionals
2) Regulate Alcohol ]]> 2018-09-18 15:48:46 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/282991763 Judicial review jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/283002438 Def: the power of the court to see if the laws follow the constitution
Ex: 1) Follows the doc of the constitution
2) checks if the laws are constitutional]]> 2018-09-18 16:03:13 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/283002438 Cloture jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291855701 Def: when 60 senators vote to stop a filibuster
Ex. Senator Ben Nelson of Nebraska was handsomely bribed to vote for cloture on the health-care bill.
commentarymagazine.com]]> 2018-10-11 17:13:40 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291855701 Filibuster jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291858386 Def: only happens in senate, senator tries to prevent a vote by talking as long as possible during debate to delay a vote
Ex. Senator Strom Thurmond once talked against a civil rights bill in the 1950s for 24 hours and 18 minutes, officially the longest filibuster speech in the history of the Senate.]]> 2018-10-11 17:18:33 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291858386 Conference committee jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291862410 Def: when a member of HoR and senate compromise on differences in a bill before it goes to the president
Ex. the scope is designated separately for each conference committee appointed by the Arizona Senate and the New York Assembly.]]> 2018-10-11 17:24:51 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291862410 Constituent jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291874152 Def: being a voting member of a community
Ex. registered voter]]> 2018-10-11 17:44:25 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291874152 Lobbyist jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291874326 Def: person that influences legislatures
Ex. ACLU]]> 2018-10-11 17:44:45 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291874326 Pocket Veto jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291874873 Def: When president puts a bill aside for 10 days and it does not become a law if congress has adjourned after 10 days if congress is still in session the bill becomes a law
Ex.]]> 2018-10-11 17:45:46 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291874873 Interest group jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875129 def:  group that tries to influence the government to adopt certain policies or measures
Ex: People for the Ethical Treatment of Animals(PETA)

]]> 2018-10-11 17:46:15 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875129 Standing Committee jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875303 Def: committees that meet on the regular
Ex. appropriation committee]]> 2018-10-11 17:46:37 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875303 Veto jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875372 Def: When president reject a bill
Ex.  Nixon’s Universal Child Care Veto: 1971]]> 2018-10-11 17:46:45 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875372 Original Jurisdiction jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875462 Def: The authority to be FIRST court to hear a case
Ex. Arizona VS California case

]]> 2018-10-11 17:46:57 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875462 Appellate Jurisdiction jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875788 Def: The authority to review a lower court’s decision 
Ex. Judge sees evidence 
]]> 2018-10-11 17:47:33 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291875788 Judicial process jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876372 Def:.  rules of procedural law that consists of both hearing and determining cases in criminal proceedings, civil lawsuits or administrative proceedings by constitutional courts.
Ex: Casey Anthony case]]> 2018-10-11 17:48:40 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876372 Administrative Law jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876521 Def: A law created by a government agency
Ex.  Immigration, BLEEP words, seat belt regulations, ratings, airline safety]]> 2018-10-11 17:48:58 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876521 Civil Law jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876795 Def: settle disputes between people
Ex.  Divorce, adoption, family law, tort]]> 2018-10-11 17:49:26 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876795 Constitutional Law jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876865 Def: A law created by the constitution 
Ex. voting age, right to bear arms]]> 2018-10-11 17:49:34 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291876865 Criminal Law jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877082 Def: To protect people from harming one another felony/misdemeanor
Ex. theft, arson, fraud, police officers]]> 2018-10-11 17:49:54 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877082 Jurisdiction jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877203 Def: the official power to make legal decisions and judgments.
Ex: Judge, jury
]]> 2018-10-11 17:50:06 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877203 Precedent jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877321 def: early event to see why they assume they did that crime
ex. caught doing drugs a year before you get caught selling them]]> 2018-10-11 17:50:18 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877321 Statutory Law jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877493 Def: Laws created in the legislative branch
Ex. voting right acts 1965]]> 2018-10-11 17:50:36 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877493 Common Law jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877794 Def: Laws created through the opinion of judges
Ex. "Separate but equal" Plessy VS Ferguson ]]> 2018-10-11 17:50:49 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877794 Tort jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877837 Def: wrongful act of infringement of a right
ex. car accidents]]> 2018-10-11 17:50:53 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/291877837 Diversity jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/298805324 Def: variety, plenty of anything, a lot of differences
Ex.  Diversity of people in NY City]]> 2018-10-31 01:15:59 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/298805324 Tolerance jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/298805787 Def: acceptance of other people in your surroundings or everything
ex: working as a teacher, accepting every kid]]> 2018-10-31 01:18:14 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/298805787 Plurality jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/298806186 Def; when a candidate receives the most votes
ex. Student body president]]> 2018-10-31 01:19:58 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/298806186 Majority jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/298806796 def: when a candidate receive more than half the votes
ex.  13/20 Votes]]> 2018-10-31 01:22:43 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/298806796 Political Party jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/298808679 def:  a group of people who have some beliefs that are similar about government and trying to win votes for elections
ex. Liberals]]> 2018-10-31 01:29:43 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/298808679 Liberal jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/298809331 Def:  someone who wants more involvement of government
ex: More effort in the government to make more restrictions of guns ]]> 2018-10-31 01:32:30 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/298809331 Conservative jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300222718 Def: Someone who wants less involvement of the government
Ex: Doesn't want the government to  fund planned parenthood ]]> 2018-11-04 18:24:57 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300222718 Plank jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223141 Def: A person or a party stance on one issue
Ex:  Immigration]]> 2018-11-04 18:27:48 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223141 Platform jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223151 Def: a person or party Seeking to do something on ALL issues
Ex: Prolife]]> 2018-11-04 18:27:53 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223151 One Party System jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223217 Def: A type of government which when the candidate wins its place, they get the power (ALL power)
Ex: Cuba]]> 2018-11-04 18:28:05 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223217 Two Party System jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223253 Def: when there are candidates trying to earn the position in government but gets elected by majority of the votes
ex. USA]]> 2018-11-04 18:28:19 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223253 Multi Party System jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223369 Def: Multiple People running for a positions in the Government, determining the winner by Majority
Ex: Italy ]]> 2018-11-04 18:28:47 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223369 Straight Ticket Voting jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223398 Def:  Voting all candidates on the same party
Ex:  Hillary, Obama, etc on the Democratic party]]> 2018-11-04 18:28:57 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223398 Split Ticket Voting jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223557 Def: Voting for candidates from different parties
Ex:  You can vote for a democratic president ut vote a republican governor ]]> 2018-11-04 18:29:56 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223557 Recall Election jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223664 Def: Specific election to vote someone out of office
Ex: Something we should do for Trump]]> 2018-11-04 18:30:17 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223664 Primary Election jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223778 Def: places/determines a candidates in a party
Ex: Obama placed in the Democratic party, Hillary placed in Democratic party]]> 2018-11-04 18:31:06 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223778 National Convention jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223814 Def: Winner of primary election is announced and the party platform is created
Ex: voting for president]]> 2018-11-04 18:31:21 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223814 Electoral college jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223854 def: Hor and Senate of each state's vote
Ex: Republicans at texas]]> 2018-11-04 18:31:35 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300223854 Incumbent jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224027 Def: The candidate running to keep their job
Ex:  obama running for his second presidential election]]> 2018-11-04 18:32:51 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224027 Special Interest Group jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224222 Def: influence society
ex: madd]]> 2018-11-04 18:34:04 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224222 Lobbyist jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224259 def: Influencing the legislation
ex:ACLU ]]> 2018-11-04 18:34:23 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224259 Apathy jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224271 Def: Not caring, no interest
Ex: How I fell about basketball]]> 2018-11-04 18:34:29 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224271 Propaganda jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224297 Def: ways to influence someone or persuade them to think a certain way
ex: Uncle Sam]]> 2018-11-04 18:34:39 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/300224297 NAFTA jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320584550 North American Free Trade Agreement. An agreement between mexico, canada and the US the purpose to  take out tariff between them

NAFTA removes tariffs between Mexico, canada, and the US, like a type of peaceful union

Ex, Fruit, goods]]> 2019-01-15 00:58:35 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320584550 Outsourcing jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320584977
The practice of contracting with another company to do a specific job that would otherwise be done by a company's own workers

I could outsource if i wanted to make my own line of cosmetics. I would outsource with a packaging company

Amazon with small business owners that sell their products on amazon

]]> 2019-01-15 01:01:26 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320584977 Absolute Advantage jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320586668 the ability to produce a product more efficiently than another country

El salvador has an absolute advantage to produce the dragon fruit than the US

Florida: oranges]]> 2019-01-15 01:11:25 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320586668 Comparative Advantage jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587073 the ability of one country to produce a product because of specialization

Japan has a comparative advantage on making electronics

 India's call centers. U.S. companies buy this service because it is cheaper than locating the call center in America]]> 2019-01-15 01:13:28 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587073 trade surplus jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587804 a nation is exporting more than it imports, giving it an inflow of currency

Today in economics class we learned about trade surplus

China is exporting more goods than China imports from other countries.]]> 2019-01-15 01:17:45 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587804 trade deficit jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587828 countries buy more goods than they sell 

I wonder if El salvador have a trade deficit

mexico, Vietnam]]> 2019-01-15 01:17:52 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587828 proportional tax jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587866 Income tax that takes the same percentage of all incomes, whether large or small

I hate proportional tax because it takes away some of my income

sales tax]]> 2019-01-15 01:18:04 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587866 regressive tax jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587887  Tax that takes a larger percentage of a lower-income and a smaller percentage of a higher income

I feel like regressive tax is unfair sometimes

property tax]]> 2019-01-15 01:18:14 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587887 progressive tax jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587913 income tax that takes a larger percentage of a larger income and a smaller percentage of a smaller income.

I believe Progressive tax will benefit everyone in an economy

luxury goods]]> 2019-01-15 01:18:24 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587913 budget surplus jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587997
Amount by which planned expenses exceed actual expenses

If you find yourself in a budget surplus that may be a good time to try and take on a risky venture when you can afford it

US government has run budget surplus only in four years from 1998 to 2001.]]> 2019-01-15 01:18:51 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320587997 budget deficit jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588027  when expenses exceed revenue, and it is an indicator of financial health.

fiscal year 2012 is $2.469 trillion while its corresponding expenditures amount to $3.796 trillion.
This gives us a budget deficit of $1.327 trillion ]]> 2019-01-15 01:18:59 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588027 national debt jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588055 all the money that the government of the country has borrowed and still owes.

The US has lots of national debt, just look it up.

Japan 250.00 % of GDP]]> 2019-01-15 01:19:10 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588055 fiscal policy jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588112  federal government trying to keep economy stable by increasing or decreasing taxes or government spending.

I wonder who is in charge and decides what to spend for the fiscal policy?

taxes and expenditures]]> 2019-01-15 01:19:23 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588112 reserve requirement jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588131 amount of cash that banks must have

I have learned about serve requirement in personal finance class

Bank EAGLE has $400 million in deposit, it must keep 40 million]]> 2019-01-15 01:19:27 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588131 tight money policy jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588201 Monetary policy that reduces the money supply 

tight money policy happens when the Fed wants to decrease economic growth

money is tight, interest rates on commercial loans, mortgages, credit cards, etc. go up]]> 2019-01-15 01:19:50 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588201 easy money policy jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588241  increases the money supply usually by lowering interest rates.

easy money policy happens when the Fed wants to expand/stimulate the economy

1970s are the common example of a period where money was too easy.

]]> 2019-01-15 01:20:03 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588241 federal reserve jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588313 12 banking districts created by the Federal Reserve Act

The federal reserve are a major key metric in economics]]> 2019-01-15 01:20:24 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588313 monetary policy jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588337 The actions the Fed takes to control the money supply and the rate of inflation in the economy

There are different types of monetary policy.

decreases in the discount rate]]> 2019-01-15 01:20:34 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588337 peak/prosperity jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588346 extended period of high employment, an approved standard of living and stable prices

Prosperity makes people and companies have money to spend and feel confident about the future.

Prob never in the US history]]> 2019-01-15 01:20:41 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588346 buisness cycle jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588716 a cycle or series of cycles of economic expansion and contraction.

I have never heard about the business cycle until I was in Mrs. Neal class


]]> 2019-01-15 01:23:16 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588716 contraction jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588730 consumers and businesses begin to reduce their spending levels. 

I hope i wouldn't experience a contraction in my life, i dont want to reduce spending.]]> 2019-01-15 01:23:22 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588730 expansion jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588745 Economy begins to recover

Expansions are very good, signifies improvement]]> 2019-01-15 01:23:28 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588745 recession jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588754 A downturn in an economy that follows two or more quarters of negative growth; usually less severe than a depression.

I feel that is the minimum wage increasing and nothing else increases we might end up in a recession

The US in 2006


]]> 2019-01-15 01:23:32 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588754 depression jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588767 nation's whole economy; there is a decline in industrial output, a lessening of the money supply, goods and services are in lower demand, farm prices fall, and unemployment rises sharply.

There was a certain time in history where the US has hit the worst depression.

The great depression
]]> 2019-01-15 01:23:38 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588767 trough jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588792 Lowest point of the business cycle

The US had the worst trough in history

trough occurred in the second quarter of 2009, according to the National Bureau of Economic Research. GDP contracted 0.6 percent. Unemployment rose to 9.5 percent.]]> 2019-01-15 01:23:48 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588792 globalization jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588819 involves the expansion of international trade, production, and finance, and interdependence among states in these realms

Globalization is a good thing to have in the economy especially in a independent state/ country.

The United Nations]]> 2019-01-15 01:23:57 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588819 favorable balance of trade jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588847 value of a nation's exports in excess of the value of its imports

Favorable balance of trade are important when your nation are trading with others


]]> 2019-01-15 01:24:05 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588847 unfavorable balance of trade jjcampos https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588902 2019-01-15 01:24:24 UTC https://padlet.com/jjcampos/ug123s6x1vt5/wish/320588902