stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
7th Grade Gov. & Economics Review Flashcards | StudBud
Explore
/
7th Grade Gov. & Economics Review
7th Grade Gov. & Economics Review
21 terms
·
StudBud Administration
·
1,536 plays
General government and economic terms.
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
Why do individuals have more power in a democracy than in other forms of government?
The voters get to choose the people that make the laws.
Kings and Queens do not make good rulers.
Local government and Central governments do not get along.
2
In a Command System, economic decisions are based on ...
Consumers
The government
Traditions and customs
3
In a democracy how is the leader determined?
The people vote for him or her.
Wealth, social position, or military strength
Heredity
4
The three basic questions all economic systems must answer are:
Why, What, and for Whom to produce?
When, How, and What to produce?
What, How and For Whom to produce?
5
In an autocracy how is the leader determined?
Wealth, social position, or military strength
The people vote for him or her
Heredity
6
What are 3 types of Trade Barriers?
Fences, Bridges, Tariffs
Quotas, Embargoes, Tariffs
Tariffs, Quotas, Fences
7
One of the disadvantages of the Market System is ...
High degree of uncertainity
Lack of resources
Extreme government control
8
Who makes most of the important governmental decisions in an oligarchy?
The king or queen
The people
A small group of powerful leaders
9
In a Federal government system, most of the power is in the hands of the....
Central government
Central and Local share control
Local government
10
The leader of a presidential democracy is often called the ...
Supreme One
President
Prime Minister
11
Who makes most of the important government decisions in an autocracy?
The ruler
The court system
The people
12
When a country refuses to trade with another country it is called...
embargo
quota
tariff
13
All economic systems are ...
Mixed
Pure Command
Pure Market
14
The buying or using up of goods is called ...
production
consumpution
distribution
15
In a market system, economic decisions are based on ...
the government
traditions and customs
consumers
16
The leader of a parliamentary democracy is often called the ...
Prime Minister
King
President
17
Many choices in a Market System lead to ...
A low degree of customer satisfaction.
A high degree of customer satisfaction.
Confusion.
18
The three types of economic systems are ...
Traditional, Market, Command
Traditional, Mixed, Market
Pure, Mixed, Market
19
In a confederation government system, most of the power is in the hands of the ...
Individual voters
Central governments
Local governments
20
In a Unitary government system, most of the power is in the hands of the...
Individual voters
Local governments
Central government
21
A tax on an import is called...
quota
embargo
tariff
