AW Economics and Citizenship True and False

If a country bans trade that hurts its own producers, this is an example of scarcity.

A mixed economy might be guided by the government as to prices and what they can sell.

A representative government acts in the people's interests and protect their nights.

The United States is a democracy.

Opportunity cost is what is given up to make or buy something.

A continued rise in prices is demand.

Opportunity cost and scarcity can affect supply and demand.

The executive branch of government enforces the laws.

The citizens decide what to make, sell, and buy in a market economy.

The judicial branch of government writes the laws.

Many hunter-gatherer groups had a traditional economy.

In a traditional economy the government owns all of the products being sold.

To become U.S. citizens, people from other countries must go through a process called naturalization.

The legislative branch of government interprets the laws.

Citizens elect officials who will serve the will of the people in a dictatorship.

It important to be a global citizen because we are all affected by the goodAnd bad things that happen in other countries

A system in which each branch of government limits the powers of other branches is separation of powers?

An economy where sellers raise prices according to demand and there is no government involvement is called a market.

Labor is the ability of people to do work.

 The four major kinds of resources are entrepreneurship, land, labor, and capital.