Chapter 7

Question 1

Veto

Answer 1

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

Question 2

Monopoly

Answer 2

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

Question 3

Duty

Answer 3

A custom tax on the export or import of goods.

Question 4

Boycott

Answer 4

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

Question 5

Mulatto

Answer 5

A person mixed African and European ancestry.

Question 6

Propaganda

Answer 6

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.

Question 7

Inflation

Answer 7

An increase in the supply of currency relative to the goods available.

Question 8

Patronage

Answer 8

System in which benefited, including jobs, money or protection are granted in favor of political support.

Question 9

Mercantilism

Answer 9

Economic theory that closely linked a nations political and military power to its bullion reserves.