Road Go Revolution Flashcards

1
Q

Veto

A

The constitutional right of a ruler or executive activity by a single producer or business.

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2
Q

Monopoly

A

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

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3
Q

Patronage

A

A system in which benefits, including jobs, money, or protection, are granted in exchange of political support

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4
Q

Duty

A

A custom tax on the export or import of goods.

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5
Q

Boycotts

A

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

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6
Q

Mulatto

A

A person with mixed African and European ancestry.

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7
Q

Propaganda

A

A systemic program or particular materials designed to promote certain ideas; sometimes, but not always, the term is negatively used, implying the use of manipulative or deceptive means.

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8
Q

Mercantilism

A

Economic theory that closely linked a nation’s political and military power to its bullion (gold) reserves. Mercantilists generally favored protectionism and colonial acquisition as meant to increase exports.

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9
Q

Inflation

A

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.

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