4th Quarter Quiz # 2

Supply 

• Money received, esp. on a regular basis, for work or through investments. 
• Huge amounts are available for consumers. 
• Total amount of goods and services that are available. 
• When the consumer wants something, but the resource is limited. 

Which best describes Feudalism?

• Lack of central government so a ruling individual would provide a fief to a vassal and in return that vassal would give loyalty. 
• People ruling for the people by voting. 
• Someone who took power illegally. 
• Government that allowed for anyone to make decisions.  

Minority Rights 

• When Government is limited by the constitution.
• Rules are rules and laws are laws, they apply to everyone. 
• Rights given to a smaller group.
• The person/group with the most votes, wins. 

Which best describes a Monarchy? 

• King and Queen have supreme power. 
• People Ruled the Government 
• Ruled by a few wealthy families
• Someone who takes power illegally 

Goods 

• Benefits you could have received by taking an alternative action. 
• Goods are things that we buy and cannot touch.
• Goods are things that you can touch
• When customers want/need a certain good/service, they will pay for it. 

Which best describes an Oligarchy? 

• Poor people ruling the government.
• Very wealthy nobility ruling for the people. 
• Congress helps this group rule. 
• Wealthy landowners who make decisions based on their needs.  

Limited Government 

• When Government is limited by the constitution.
• Rules are rules and laws are laws, they apply to everyone. 
• Rights given to a smaller group.
• The person/group with the most votes, wins. 

Which best describes a Democracy?

• goverment for the people by the people of the people
• type of government where people have no voice.  
• people rights 
• people

Specialization 

• Practicing certain specific skills in one area of work. 
• Goods are things that we buy and cannot touch.
• An abundance of valuable possessions or money. 
• When customers want/need a certain good/service, they will pay for it. 

Which bests describes a Tyrant?

• Wealthy landowners who rule for the people. 
• Someone who provides land for loyalty. 
• Someone who takes power illegally and cannot hold on their promises to the poor. 
• Was created because of a lack of central government.