Which statement is true? a. savings are a leakage in the circular flow of income. b. households pay wages to businesses. c. exports are leakages in the circular flow of income. d. taxes paid to the government have no direct effect on the economy.

Which factor determines the organization of political parties at the local level

Who were the sons of liberty? a. colonists who wanted a monopoly on the british tea trade. b. colonial anti-british protestors c. colonists who wanted seats in the british parliament. d. colonists who wanted to block all colonial trade with britain. !

Match the vocabulary word with its meaning. 1. capitalism to change or improve something by correcting faults or removing abuses 2. chattel an economic system based on private ownership and competition motivated by profit 3. imperialism policy extending political, economic, or military rule over another 4. indentured an economic system where colonies supply goods to the mother country 5. mercantilism an agreement committing one person to be another's slave for a certain period of time 6. reform a type of slavery where the slave is the sole property of the master with no rights