One problem with a command economy is

Consumers can’t always find the goods they want

What are the three branches of government in the United States?

Executive, judicial, legislative

In a market economy, how do people meet their wants and needs?

The government controls some aspects of the economy

The goods and services that a group of people produce

In a traditional economy, how do people meet their wants and needs?

People follow their cultural traditions to make decisions

The founders of the USA would agree with which of the following?

Kings can take advantage of their power.

Which of these products or services would you most likely find in a command economy?

Government owned electric company

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Unit 5 Government and Economics Review

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A review to prepare you for the Unit 5 test!

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Questions 19

Answers

1
One problem with a command economy is
Consumers can’t always find the goods they want
Consumers have too much power.
The government can’t control prices.
Producers make too much money.
2
Which of the following businesses would be considered a service?
Jewelry store
Bakery
doctor's office
Furniture store
3
What are the three branches of government in the United States?
Local, state, federal
Courts, capital, governor
Executive, judicial, legislative
President, army, navy
4
When consumers want or need to buy a large amount of a product, we could say that demand…
Goes up and down
remains the same
decreases
increases
5
In a market economy, how do people meet their wants and needs?
The government takes control and hands out to people equally
People follow their cultural traditions to make decisions
The government controls some aspects of the economy
People make enough product to meet the demand
6
What is an economy?
The rules, laws, and people that keep order in a society
Beliefs and worship practices of a group of people
Languages, customs and traditions of a group of people
The goods and services that a group of people produce
7
What is an amendment?
A change to the Constitution
A change to the Bill of Rights
The act of approving something into law
A document stating individual rights
8
In a traditional economy, how do people meet their wants and needs?
The government takes control and hands out to people equally
People follow their cultural traditions to make decisions
People make enough product to meet the demand
The government controls some aspects of the economy
9
An example of a need is a
Place to live
Camera
Pencil
iPhone
10
The founders of the USA would agree with which of the following?
Kings can take advantage of their power.
A government should have few checks and balances.
Monarchs do not have enough power.
The branches of government do not need to interact.
11
Which of these products or services would you most likely find in a command economy?
Price wars between car dealerships
A sale on medicine
A privately owned luxury beach resort
Government owned electric company
12
What is the best heading for this outline?
Country living
Kinds of communities
City scenes
Types of jobs
13
The USA is an example of a...
Command Economy
Market Economy
Traditional Economy
14
This is what happens where there is not enough of a supply to meet the demand.
Market
Scarcity
High demand
Supply
15
An example of a want is
glass of water
breakfast
laptop
coat
16
Why did the founding fathers separate powers between the states and the national government?
To allow the states to rewrite the Constitution
To make state governments more powerful
To prevent tyranny
To ensure every citizen’s freedoms were equally protected.
17
Which of the following best describes the Bill of Rights, and any similar document?
All of the above
A document that protects the freedom of religion and speech
A document that limits the powers of the government
A document that insures the basic freedoms of the citizens
18
Which person helps to provide goods rather than services?
Doctor
Farmer
Teacher
Hairdresser
19
What is one way that citizens exercise their rights in a democracy?
By writing laws
By voting
By vetoing laws
By judging people in courts

Unit 5 Government and Economics Review Flashcards | StudBud