Government and Economics

In a command economy, economic decisions are made by the

Which of the following is found in a market economy?

When a government decides to increase a tariff, it increases the amount of a tax placed upon

Most democratic nations have _______ economies.

There are no pure Market economic systems, but which of the following countries is the close?

How is the power distributed in a federal system of government?

The ruler alone makes the decisions and has unlimited power. Which form of government is this?

A small group makes all political decisions for your country.Which form of government is this?

Russia and the US are both presidential democracies, how do they determine their leaders?

A system of government where power is NOT shared between the central and state governments is a

The legislative branch has just elected a new prime minister. Which form of government is this?

What is evident of a country that has a parliamentary democracy?

Which of these terms best describes this type of government that shares power?

Which is an example of human capital?

Which of the following is NOT one of the basic questions that all economic systems must answer:

The type of government in which power rests with a small group of people is called a(n)

Which government would abolish political parties, election of leaders, and freedom of speech?

The economic system of communist countries is most closely related to which of the following:

In a parliamentary democracy, the head of government belongs to which branch?

Why is it important for a country to invest in human capital?

A product of the earth (“gift of nature”) that people use to meet their needs is a

Which of the following BEST describes a market system?

What is a literate adult LEAST likely to have?

What is an entrepreneur?

How are goods and services exchanged in a traditional economy?

In an autocratic (dictatorship) government, freedom of speech is usually

In Russia the president is the chief executive and head of state. What type of democracy is it?

This is an economic system where people follow the occupation of their ancestors:

You will be voting for the president of your country. Which form of government do you have?

In which system of government do states, cities, and counties have the least political power?

Which trade barrier sets up a complete ban on trading between countries?

What is a main reason for people to exchange currency?

What is an alliance between political organizations that rule themselves (ex. European Union)

The two predominate forms of democratic governments are parliamentary and _________.

What is an example of a physical trade barrier?

The number limit on how many items of a product can be imported from a country is the

The government’s power is divided between a national and local government. What system is this?

In which type of government are citizens MOST likely to choose their leader?

Which government system allows citizens to have the greatest amount of political influence?

Who owns the resources in a command economy?