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12 Cards in this Set

  • Front
  • Back

Sovereignty

Authority or power

Ratify

To approve or confirm

Territory

In this context, a subdivision of land that is not a state but is governed by the US

Levy

Impose, raise

Tariff

A charge charge or duty imposed by the government on Imports or exports.

Inflation

An economic condition characterized by high prices and a decrease in the value of money.

Trade Deficit

When more goods are coming into the country than going out of it.

Depression

An economic condition characterized by low employment and little economic activity.

Arsenal

A place where weapons are stored.

Amend

To modify or change, usually by a formal procedure.

Bicameral

Consisting of two chambers as a legislative body.

Uncameral

Consisting of a single chamber as a legislative body.