Identify and Give the Historical Significance of Each of the Following

question 82

Short Answer

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-"King Andrew I"

Identify and discuss the ideology of the bourgeoisie regarding electoral and representative institutions.

Understand the implications of enfranchising newly freed slaves post-Civil War and its political motivations.

Define politics and its importance in the organization of government and society.

Recognize the role of information, education, and political efficacy in the functioning of democracy.

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Definitions:

Consumer Surplus

The distinction between the expected total consumer spending on a product or service and the real total paid.

Trade

The exchange of goods, services, or both between two parties, whether within the interior of a country or across international borders.

Comparative Advantage

The economic principle that a country should specialize in producing and exporting goods in which it has a lower opportunity cost than other countries.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary energy source.