MATCHING Match Each Description with the Item Below

question 73

Multiple Choice

MATCHING
Match each description with the item below.
-Newt Gingrich

• A)was an Alaska governor and Tea Party favorite
• B)carried Florida by 537 votes in 2000
• C)became House Speaker as a result of the 2006 election
• D)was the independent counsel who prosecuted Bill Clinton
• E)finished third in the 1992 and 1996 presidential elections
• F)authored the Contract with America
• G)was appointed secretary of state by Barack Obama
• H)was the Federal Reserve Board chairman
• I)was appointed secretary of defense by Barack Obama
• J)was a central figure in a major sex scandal

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Definitions:

Free Trade

Trade that is unregulated by government tariffs or other artificial barriers; the levels of exports and imports occur naturally, as a result of supply and demand.

Consumer Surplus

The variance between the amount consumers are ready to pay for a good or service compared to the actual price they pay.

International Trade

the exchange of goods and services across international borders or territories.

Autarky

An economic system where a region or country is self-sufficient and does not engage in international trade.