When You Buy a Ticket to the Rodeo, You Are

question 66

Multiple Choice

When you buy a ticket to the rodeo, you are using money as a

• A) source of economic activity.
• B) store of value.
• C) factor of production.
• D) medium of exchange.

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Definitions:

Popular Sovereignty

The concept that the legitimacy and rule of a government is grounded in and maintained by the agreement of the population, through representatives they elect.

Federalists

Members or supporters of the first American political party, which favored a strong central government and the ratification of the U.S. Constitution.

Separation of Powers

The division of government responsibilities into distinct branches to limit any one branch from exercising the core functions of another, typically identified as the executive, legislative, and judicial branches.

Federalism

A system of government in which power is divided between a central authority and constituent political units, such as states or provinces.