Bills and Treaties
Define treaty
What is a contract usually signed by heads of “State”?
Define boundary/border
What is the the edge of a piece of land?
Define utilities
What is providing essential services?
Define compromise
What is when two or more parties give up something in order to get a portion of what is wanted?
Define slavery
What is work without payment
Define Ratification
What is the approval of a treaty (by at least 2/3 of U.S. Senate) to become law?
Define survey/surveyor
What is an engineering method used to measure boundaries?
Define dictatorship
What is a form of government with no democratic voting or citizens?
Define Appropriation
What is funding for treaties of bills?
Define Territory/Statehood
What are territories are under jurisdiction of the U.S. government but do not have the same powers as a state?
Define Opportunity Cost
What is the cost in every choice you make since you could have done smoothing else with the time, resources, or money?
Define filibuster
What is a rule in the Senate that allows a Senator to keep talking and delay the debate of a bill?
Define Cost/Benefit Analysis
What is computing the fixed, variable and marginal costs and then computing the benefits resulting from those costs to determine if the cost is worth the benefit?
Define imperialism
What is creating, extending and maintaining an empire comprising of other nations and territories?
Define Factors of Production
What is includes land, labor, capital costs as well as the entrepreneur needed to create goods and services
Define mercantilism
What is a political economic theory that the well-being of a nation-state is dependent of trade, gold, and the agriculture and industry development?