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Unit 8 Vocab #1
Study these terms for the quiz
Term | Definition |
---|---|
Autonomy | Political independence. |
Brexit | Term for the United Kingdom´s 2016 vote to separate from the European Union. |
De Gaulle, Charles | Leader of the French Resistance during World War ll and later president of France. |
Francophone | French-speaking. |
Province | A political division, similar to a state. |
Quebec | A predominately French-speaking province of eastern Canada. |
Quebec Act | 1774 Act of Parliament permitting citizens of Quebec to retain French language and Catholic faith. |
Referendum | A special vote on a specific issue. |
Seven Year´s War/ French and Indian War | 18th century war between the major powers of Europe and the Ottoman Empire. |
Sovereignty | The right to self-rule |
Bartering | A system of exchange whereby 1 good/service is given in return for another ; bartering does not require monetary exchange. |
Command Economy | An economic model wherein government planners make all business and financial decision. |
Economic System | An economic model used by government to determine what should be produced/provided in terms of goods and service, how and for whom. |
Entrepreneurship | The capacity of private citizens to create new businesses independent of government direction or intervention. |
Free Enterprise | The creation , maintenance, and expansion of business outside the control or influence of the government. |
Market ( or Capitalist ) Economy | An economic model which the laws of supply and demand ( not government oversight ) determine what is produced/consumed and at what cost. |
Production Quota | The required amount of a specific good that must be produced in a given time frame. |