Giving one thing and receiving another by choice. Both sides agree, benefit, and trade willingly.
IA3 Vocabulary Review

Flashcard
•
Social Studies
•
4th Grade
•
Hard
Katherine Dixon
Used 1+ times
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26 questions
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1.
FLASHCARD QUESTION
Front
Back
voluntary exchange
2.
FLASHCARD QUESTION
Front
The value of the next best option that is NOT selected when a choice is made. (What you give up)
Back
opportunity cost
3.
FLASHCARD QUESTION
Front
River that runs between the Appalachian Mountains and the Great Plains.
Back
Mississippi River
4.
FLASHCARD QUESTION
Front
to come together for a common purpose or reason
Back
unite
5.
FLASHCARD QUESTION
Front
Document that was negotiated by John Jay, Benjamin Franklin, and John Adams to END the American Revolution.
Back
Treaty of Paris
6.
FLASHCARD QUESTION
Front
When people elect others to serve in their government to make laws and decisions for their country.
Back
Representative democracy
7.
FLASHCARD QUESTION
Front
Branch of government who passes laws and declares them constitutional or unconstitutional.
Back
Judicial Branch (supreme court justices or judges)
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