AW Economics and Citizenship True and False

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

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

Labor is the ability of people to do work.

A continued rise in prices is demand.

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

Many hunter-gatherer groups had a traditional economy.

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

Opportunity cost and scarcity can affect supply and demand.

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

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

The judicial branch of government writes the laws.

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

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

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

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

The executive branch of government enforces the laws.

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

The United States is a democracy.

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

The legislative branch of government interprets the laws.