Ancient World Ch. 2 Economics & Citizenship

system in which each branch of government limits the powers of other branches

• anarchy

• forms of government

• checks and balances

• separation of powers

what is given up to make or buy something

• supply and demand

• developmental cost

• scarcity

• opportunity cost

the ability of people to do work

• capital

• labor

• intensity

• opportunity cost

A continued rise in prices

• opportunity cost

• demand

• inflation

• supply

To become U.S. citizens, people from other countries must go through this process.

• naturalization

• deportation

• citizenship

• constitutes

Citizens elect officials who will serve the will of the people

• Absolute Monarchy

• Anarchy

• Representative Government

• Democracy

What are the four major kinds of resources?

• land, liberty, and the pursuit of happiness

• capital, land, labor and liberty

• entrepreneurship, land, labor, and capital

• land, labor, control, and entrepreneurship

Who decides what to make, sell, and buy in a market economy?

• the government

• the citizens

• the farmers

• the FDA

What does a representative government do?

• act in the people’s interests and protect their lights

• act in the people’s interests and protect their heights

• act in the people's interests and protect their nights

• act in the people’s interests and protect their rights

What kind of government does the United States have?

• representative democracy

• democratic

• republican

• republic