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Instructions: Identify Each Item. Give an Explanation or Description of of the Item

question 3

Essay

Instructions:
Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
Explain the historical significance of each item. Establish the historical context in which the
item exists. Establish the item as the result of or as the cause of other factors existing in the society under study. Answer this question: What were the political, social, economic,
and/or cultural consequences of this item?
-Chief Justice John Marshall


Definitions:

Opportunity Cost

The value of the best alternative foregone as a result of choosing a particular action or decision.

Automobiles

Vehicles powered by an internal combustion engine or electric motor, used for the transportation of people or goods.

Tractors

Agricultural machines used for plowing, tilling, and planting fields, as well as for hauling equipment.

Trade Deficit

An instance where the value of goods and services a country imports is greater than what it exports, causing a trade imbalance negatively.

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