Chapter 7- Colonies

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 customs tax on the export or import of goods.

Question 3

Mulatto

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

Mercantilism

Answer 5

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

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

Question 9

Patronage

Answer 9

A system in which benefits, including jobs, money, and protection, are granted in exchange for political support