question

In 1831, Nat Turner organized and led a slave insurrection in Southhampton County, Virginia, that resulted in

answer

the southern states expanding their militia system and strengthening the slave codes

question

The Soviet leader whose polocies of glasnost and perestroika encouraged the fall of communism in the Eastern bloc was

answer

Gorbachev

question

Studies in astronomy, skills in mapping, and other contributions to geographic knowledge came from:

answer

Ptolemy

question

Which of the following does not affect Climate? A. Elevation and altitude B. Ocean Currents C. Latitude D. Longitude

answer

Longitude

question

Soil erosion is most likely to occur in large amounts in:

answer

Tropical Rainforests

question

Which one of the following is not a use for a region's wetlands? A. Produces fresh clean water B. Provides habitat for wildlife C. Provides water for hydroelectric power D. Controls Floods

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C. Provides water for hydroelectric power

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The geographical drought-stricken region of Africa south of the Sahara and extending east and west from Senegal to Somalia is

answer

The Sahel

question

Meridians, or lines of longitude, not only help in pinpointing locations, but are also used for

answer

Determining the time around the world

question

The Yangtze River primarily flows in which direction?

answer

East

question

The Nile River flows in which direction?

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North

question

The Ganges River empties into the:

answer

Bay of Bengal

question

What river is considered to be the most sacred river in India according to the Hindus?

answer

The Ganges

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The "father" of modern economics is considered by most economist today to be:

answer

Adam Smith

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Which political theorist says that capitalism could be maintained if there were sufficient checks on the economy?

answer

Keynes

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The idea that continued population growth would, in future years, seriously affect a nation's productive capabilities was stated by:

answer

Malthus

question

The refusal to buy goods or services is a

answer

boycott

question

the study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants

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Economics

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The idea or proposal for more equal division of profits among employers and workers was put forth by

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John Stuart Mill

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The purchase of goods or services on one market for immediate resale on naother market is

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Arbitrage

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Potential customers for any product or service are not only called consumers but can also be called a :

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Market

question

The economic system promoting individual ownership of land, capital, and businesses with minimal governmental regulations is called:

answer

Free enterprise

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Government regulation of economic activities for favorable balance of trade was the first major economic theory. It was called:

answer

Mercantalism

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The economist who disagreed with the idea that free markets lead to full employment and prosperity and suggested that increasing government spending would end depression was:

answer

Keynes

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The belief that government should stay out of economic affairs is called:

answer

Laissez-faire

question

A tax a government places on internationally traded goods, usually goods entering a country is a

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Tariff

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George Washington's opinion of America having trade with other nations was:

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Approval

question

The process of the state taking over industries and businesses is called:

answer

Nationalization

question

One method of trade restriction used by some nations is

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Import quotas

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The "father of political science" is considered to be:

answer

Aristotle

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Which of the following is an example ofa direct democracy? A. Elected Representatives B. Greek City-States C. The constitution D. The Confederate States

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B. Greek City-States

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The first organized city states arose is:

answer

Sumer

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The founder of the first Communist Party and the first leader of the Soviet Union was:

answer

Vladimir Lenin

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Socialists believe the government should have a__________role in the economy

answer

greater

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Oligarchy refers to

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Rule by a select few

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The study of the economy as a whole

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Macroeconomics

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The study of individual parts, like households, business firms, and government agencies, that make up the economy and particulary emphasize both how these units make decisions and the consequences of these decisions.

answer

Microeconomics

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the condition that results from limited resources combined with unlimited wants

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Scarcity

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2 important components of the idea of scarcity

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1. A good has to be limited 2. People have to want it

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3 ways to deal with scarcity

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1. Economic Growth 2. Improve the use of goods and services 3. Reduce Wants

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4 ways society can can use its existing resources to reduce scarcity

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1. Allocative efficiency 2. Productive efficiency 3. Full employment 4. Equity

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Society achieves___________if it produces the types and quantities of goods and services that most satisfy its people.

answer

Allocative efficiency

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A society achieves_________when it is producing the greatest quantity of goods and services possible from its resources at a minimum cost, thus using fewer resources and increasing production quantities.

answer

Productive efficiency

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3 methods to achieve productive efficiency

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1. not using more resources than necessary 2. using resources where they are best suited 3. using technology that minimizes cost

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A society wants the distribution of goods and services to conform with its notions of "fairness"

answer

equity

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3 standards of equity

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1. contributory standard 2. need standard 3. equality standard

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Using all available resources, not just labor

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full employment

question

The 1926 Miami Hurricane further depressed the________

answer

real estate market

question

Asserted that America would intervine anywhere in the Western hemisphere where it felt its interest or security was at stake

answer

Monroe Doctrine

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Won the Presidency in 1912

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Woodrow Wilson

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The principal of "popular sovereignty" was

answer

a central feature of the Kansas-Nebraska act

question

Sellers are on the ________side of a market

answer

Supply

question

Buyers are on the _________side of a market

answer

Demand

question

The relationship that shows how much someone will pay for something

answer

Demand

question

A relationship between price and corresponding quantities that are produced

answer

Supply

question

Shows the quantity demanded at a particular price

answer

Demand relation

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Supply and demand curves are done_____

answer

sideways

question

________is put on the x-axis

answer

quantity

question

________is out on the y-axis

answer

price

question

Demand graphs usually slope downward because people buy_____when the price is high and buy _____when the price is low.

answer

Less More

question

Supply graphs usually slope_______from______to_______as the higher a price is the easier it is to make a profit selling a good on the market.

answer

Up Left Right

question

The intersection of the supply and demand curves is referred to as

answer

equilibrium

question

Equilibrium is synonymous with

answer

stable

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