American Heritage BYU Final Exam Questions and Answers Verified 100% Correct

American Heritage BYU Final Exam Questions and Answers Verified 100% Correct Second Treatise on Government - ANSWER -state of nature = no govt, govt is supposed to protect peoples rights, govt needs consent of governed, people have the right to revolt Mercantilism - ANSWER -encourages exports, restricts imports Adam Smith - ANSWER -wrote "the wealth of nations", father of modern economics Specialization - ANSWER -focusing resources on one or a few goods Law of Supply - ANSWER -as the price goes up, suppliers will produce more of the good Law of Demand - ANSWER -as the price goes up, consumers will buy less of that good Shortage - ANSWER -when the amount demanded is greater than the amount supplied Surplus - ANSWER -when the amount supplied is more than the amount demanded Equilibrium Price - ANSWER -price where amount demanded = amount supplied opportunity cost - ANSWER -value of the best alternative not chosen Law of Comparative Advantage - ANSWER -It is more beneficial for producers to make one thing and trade for other things than make everything role of profits - ANSWER -profits increase, number of producers increase role of govt in a market - ANSWER -encourage exchange and ordinary workings Sandel "Jumping the Queue" - ANSWER -moral limits for market reasoning Brennan and Jaworski - ANSWER -Disagree with Sandel Danielle Allen Declaration of Independence - ANSWER -equal and same are different Thomas Paine "American Crisis" - ANSWER -in favor of rev war, inspired many to keep fighting Articles of Confederation - ANSWER -US' first government, failed because it was too weak Four parts of Declaration of Independence - ANSWER -Opening, Theoretical Core, Evidence, Conclusion Human rights - ANSWER -Life, liberty and happiness Government's job - ANSWER -secure people's rights, needs consent Core of D.o.I. - ANSWER -Lockean Liberalism Patrick Henry quote - ANSWER -fight for our rights, liberty or death The American Cincinnatus - ANSWER -George Washington Shays' Rebellion reaction - Jefferson - ANSWER -a little rebellion is a good thing States problems - Madison - ANSWER -Multiplicity, Mutability, Injustice, impotence Collective Action problems - ANSWER -put their own needs first, made things worse for everyone else, cannot solve problems Madison's solution for states - ANSWER -stronger national government Key issues of Convention - ANSWER -representation, federalism, executive, slavery Virginia Plan - ANSWER -favors populous states, Edmund Randolph New Jersey Plan - ANSWER -favors small states, William Paterson, similar to AoC The Great Compromise - ANSWER -bicameral legislature made up of the House and the Senate House of Representatives - ANSWER -rep by population, elected every 2 years Senate - ANSWER -equal rep (2 per state), every 6 years Federalism - ANSWER -divide power between state and federal govt Brutus, montesque on the problem of size - ANSWER -A large republic cannot work Federalist #10 - ANSWER -factions, competition of factions will actually help maintain a healthy republic, less tyranny Federalist #51 - ANSWER -separation of power, control through the nature of the republic, structure of the government, mix responsibilities, Separation of powers - ANSWER -executive: rule enforcement