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Standard of Living
A measure of an individual's or family's quality of life; these are higher when people have more goods, services, and/or leisure time.
Intangible, 70 years after death, exclusive monopoly
What are the three characteristics of a copyright?
Single seller, no close substitutes for products, no other sellers allowed
What are the three characteristics of a pure monopoly?
Large number of sellers, similar products, no influence on price, can enter/leave market easily
What are the four characteristics of a pure competition?
William Jennings Bryan
Ran for president and lost three times, was a good public speaker, and resigned before World War I.
Declaration of Independence, Money, and Racism
What were the three reasons that the Democrats were opposed to colonization?
Money, Social Darwinism, Spread Christianity
What were the three reasons that the Republicans wanted to colonize?
Because it was a weak position
Why did the Republicans want Theodore Roosevelt to be vice president?
Lift, Propulsion, Control
What were the three things that the Wright Brothers figured out about flight?
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