An Economic Model

question 9

Multiple Choice

An economic model:

• A)exactly explains what happens in the real economy.
• B)cuts away unnecessary details to clearly demonstrate the principles at work.
• C)approximates all facets of what happens in the real economy.
• D)does not make clear assumptions.

Understand the significance of major treaties and agreements during and following World War I.

Assess the role of propaganda, censorship, and public opinion during the war efforts.

Describe the changes in the status and rights of women and minority groups as a consequence of World War I.

Understand the role of technological and tactical advancements in warfare during World War I.

---

Definitions:

Federal Power

The authority held by the federal government, as outlined in a country's constitution, over national issues.

Wickard V. Filburn

A landmark 1942 Supreme Court case that greatly expanded the power of the federal government to regulate economic activity under the Commerce Clause.

Interstate Commerce

Business activities that touch more than one state.

In-State Activity

Economic, academic, or social actions and engagements that occur within a specific state's boundaries.