Match the Person or Term with the with the Correct

question 6

Multiple Choice

Match the person or term with the with the correct description.
-Half-Way Covenant

• A)principles of religious toleration
• B)believed the spirit of God dwelled in all persons
• C)gave five to seven years of service for passage to America
• D)first elected assembly in colonial America
• E)charter company that established Jamestown
• F)first written frame of government in British America
• G)a religious compromise for the descendants of the Great Migration
• H)primary crop of the Chesapeake colonies
• I)argued that the Church of England was still too Catholic
• J)granted fifty acres to anyone who paid his own passage
• K)a political movement favoring expanded liberties
• L)written in 1215,this document was said to embody English freedom

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Definitions:

Perfectly Competitive

In a perfectly competitive market, there are many buyers and sellers, the products are homogenous, and no single entity can influence the market price.

Demand Rises

Occurs when there is an increase in the quantity of a good or service that consumers are willing and able to purchase at a given price.

Economic Profit

The disparity measure in between overall returns and full expenses, including both exposed and indirect costs.

Market Supply

The total amount of a product that sellers are willing and able to sell across all relevant price levels within a given market.