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Westword Expansion

TermDefinition
supply the amount of a specific good or service that is available
opportunity cost the cost of giving up one thing to get another
scarcity the state of being scarce or in short supply, not enough
demand forceful statement in which something MUST be done or given to you; a strong need for something
Louisiana Purchase This land was acquired through an agreement with France for a purchase price of 15 million dollars. It doubled the size of the US
Gadsden Purchase This land was acquired in 1853 after the Mexican Cession, the US agreed to pay Mexico 15 million dollars for this land
Texas Annexation This land was acquired in 1845 after they declared their independence from the Republic of Mexico in 1836.
Created by: sstengel
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