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Economies and Government
Economies and Government
16 terms
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StudBud Administration
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474 plays
SS7E10, SS7E9, SS7E8, SS7E1, SS7CG1a-c, SS7CG4a-c, SS7CG6a-c
Flashcards
16 cards
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Questions
16
Answers
1
government has FULL control
traditional
market
command
mixed
2
market + command =
command
mixed market
traditional
market
3
Citizens are allowed to start their own businesses in this type of economy-NO govt involvement.
market
command
mixed
traditional
4
Gifts from nature or Planet Earth
human capital
capital resoruces
natural resources
specialization
5
The people who have skills and training to do a job.
Human Capital
specialization
Capital Resources
Natural resources
6
Government has nearly all control in this type of economic system
communist
market
command
capitalist
7
A limit on imported goods
tariff
embargo
quota
tax
8
Rulers of oligarchy govt are...
connected by bloodline.
only a few people.
controlled by one person.
mean.
9
Being really good at something and making the item more cost effectively than others.
human capital
specialization
capital resources
natural resources
10
country produces just want it needs; citizens barter (trade)
mixed
pure market
command
traditional
11
In China, only military leaders & members of the Communist Party can vote. (hint: DOA)
democracy
autocracy
oligarchy
federal
12
What economic system that uses hunting, gathering and farming?
traditional
command
market
mixed
13
machines, factories, school buildings, etc...
tariffs
human resources
capital resources
quotas
14
Which form of govt does the leader answer to the legislator?
Parliamentary
Presidental
15
citizens own their own business with some government involvement
market
mixed
command
traditional
16
no one allowed to vote; only 1 person makes decisions (hint: DOA)
oligarchy
autocracy
unitary
democracy
