Chaoter 7 The Road To Revolution

Question 1

Monopoly

Answer 1

The complete control of a product or sphere of economic activity by a single producer or business

Question 2

Duty (duties)

Answer 2

A custom on the export/import of goods

Question 3

Mullato

Answer 3

A person of mixed African and European Ancestry

Question 4

Inflation

Answer 4

An increase in the supply of currency relative to the goods available, leading to a decline in the purchasing power of money and a corresponding rise in prices

Question 5

Merchantilism

Answer 5

Economic theory that closely linked a nations political and military power to its bullion reserves. Merchantilists generally favored protectionism and colonial acquisition as means to increase exports.

Question 6

Veto

Answer 6

The constitutional right of a ruler or executive to block legislation passed by another unit of government

Question 7

Boycotts

Answer 7

An organized refusal to deal with some person or organization or to buy a certain product or service

Question 8

Propaganda

Answer 8

A systematic program or particular materials designed to promote certain ideas; sometimes, but not always, the term is used negatively, implying the use of manipulative or deceptive means. (Propagandist- someone who engages in such practices)

Question 9

Patronage

Answer 9

The support, privilege, encouragement, or financial aid that someone bestows upon another