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= Welcome to NCA's Government and Economics Class Wiki! =

You will find this site useful to keep updated in our course. I will post submissions and homework assignments. Use these in case you have either missed class or lost an assignment.

 * Monday, January 24th, 2011**: Today was our first class. We completed submission 1 and defined 11 key terms from the first chapter. Here is submission 1:




 * This Weeks Key Terms are:** (I will post the definitions after class.)

__Theocracy:__ State ruled by the dominant religion __Absolute Monarchy:__ King or Queen rule as ultimate authority __Dictatorship__ : Authoritarian government ruled by one person __Democracy__ Government by the people __Unitary Government__ Centralized government all in one branch __Repealed__ reversal of law __Ratified__ passage of law __15th Amendment__ gave voting rights to African Americans. __19th Amendment:__ gave voting rights to women __26th Amendment:__ gave voting rights to 18 year olds __Suffrage:__ simply....the right to vote


 * Wednesday, January 26th, 2011:**

__**Today, we completed the "Updating the Declaration of Independence Lab". If you missed today's class. Please complete the lab in the American Government Class online.**__

Monday, January 31st, 2011: Canceled due to Blood Drive

Wednesday, February 2, 2011: Canceled due to SNOW DAY @ NCA


 * Monday, February 7th, 2011:**

Today's Class: We completed submission 2 in government which I have attached below. In addition, we defined our government terms. Wednesday's quiz is as planned. For those students who either missed the first quiz or did not like their score. You can simply double this quiz as a replacement. __**This is a one time only offer.**__

Please familiarize yourself with the terms and examples of the terms below:



Government Terms for Wednesday's Quiz:


 * Federalism- Separation of powers between state and federal governments **


 * Expressed Powers- **are those that are literally written out in the Constitution. Examples of expressed powers are the abilities to **__declare war, issue patents, coin money__**, regulate foreign commerce and maintain armed forces.


 * Implied Powers- **are those that are not expressly stated in the Constitution, but may be reasonably inferred from the expressed powers. An example of implied power is the national government’s ability to __**give diplomatic recognition to China.**__


 * Inherent Powers- **are also not expressly stated, but they belong to the national government as the national government of a sovereign state. A good way to think of inherent powers is that they’re powers that exist as a consequence of other conditions; they lie within the meaning of fundamental concepts and ideas (Like sovereignty.)


 * Concurrent Powers- These powers belong both the Federal and State Governments. One example __TAXATION.__ **

Wednesday, February 9th, 2011:


 * Monday, February 14th, 2011:**


 * Wednesday, February 16th, 2011:**


 * Wednesday, February 23rd, 2011:**


 * Monday: February 28th, 2011:**

Economics Lesson 1-3
 * 1) **Economics:** The study of Choices
 * 2) **Free Goods:** Goods that are abundantly available
 * 3) **Needs:** Items people require for survival
 * 4) **Scarce Resources:** Items that are not abundantly available/limited
 * 5) **Wants:** Items people would like to have but that are not required for survival
 * 6) **Opportunity Costs:** What you give up for doing something.
 * 7) **Voluntary Exchange:** Trading goods where both sides agree on the terms
 * 8) **Capital:** Money or Physical Items which represent investment
 * 9) **Division of Labor:** separating tasks into small manageable specialized tasks
 * 10) **Entrepreneurship:** The creation of a new business or new idea
 * 11) **Human Capital:** The investment in people who make up a business...or simply investing in them
 * 12) **Labor**: Physical work being performed
 * 13) **Land:** The land or the contents of the land (coal, gold, etc.) that holds value
 * 14) **Physical Capital**:Non human assets of production (Robots in a factory, desks in a school, etc)


 * Wednesday, March 2nd, 2011:**


 * Monday, March 7th, 2011:**


 * Wednesday, March 9th, 2011:**


 * Monday, March 21st 2011:**


 * Wednesday, March 23rd, 2011:**