History 12 - Unit test 1203

Derived demand is called

• Labor

• Custom

• commodities

• means of exchange

The first sea power was

• Traditional

• Portugal

• Weber Thesis

The quantity available is called

• Demand

• Tax

• Supply

What type of economy is a MARKET ECONOMY

• Free

• Middle class

• Goods

_____________ is a means of exchange

• Taxes

• Money

• Demand

Custom refers to _________

• Traditional

• Middle Class

• Weber Thesis

A payment required by the government is called a

• Good

• Veto

• Tax

______ believed that Protestant work ethic was a basis for capitalism

• Weber Thesis

• Miriam Thesis

• Sowell Thesis

Merchants and tradesmen are considered

• Upper class

• Lower class

• Middle class

Goods are considered

• commodities

• labor

• entrepreneur