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Government and Economics Review Flashcards | StudBud
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Government and Economics Review
Government and Economics Review
20 terms
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StudBud Administration
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138 plays
A review of the basics of government and economics
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What is a tax placed on imported goods?
Tariff
Export
Capital resource
Import
2
Which is an economic question?
Where to produce?
How long to produce?
How much is it going to cost?
For whom to produce?
3
Which word means "rule by few"?
unitary
autocracy
oligarchy
democracy
4
What is the value of goods and services produced within a country?
Gross Domestic Product
Clean Domestic Product
Money
Currency
5
Which is an example of a confederation?
Saudi Arabia
European Union
Israel
The United States
6
Which type of power distribution SHARES power?
Confederation
Federal
Unitary
7
An economy that is controlled by the government is called a(n)...
Mixed economy
Traditional economy
Command economy
Market economy
8
Which word means "rule by one" ?
democracy
autocracy
federal
oligarchy
9
Which is an example of a PHYSICAL CAPITAL resource?
Computers
Writing
Reading
Communicating
10
a product brought INTO a country is called a(n)....
Quota
Tariff
Import
Export
11
What is a system of production, distribution, and consumption?
Command economy
Market economy
Economic system
Traditional economy
12
United Kingdom is an example of what?
Parlimentary Democracy
Dictatorship
Presidential Democracy
Confederation
13
A person who starts their own business or organization is called a(n)....
entrepreneur
consumer
seller
14
An economy that is made up of more than one type of economy is called a what?
Traditional economy
Market economy
Command economy
Mixed economy
15
What is human capital?
the stopping of goods going into a country
tax placed on exported goods
skills people use in order to produce goods and services
machines and equipment used to produce goods and services
16
Which is an example of a trade barrier?
Import
Embargo
Currency
Export
17
The United States is an example of what?
Democracy
Autocracy
Oligarchy
Confederation
18
A parliamentary democracy is run by whom?
Prime Minister
Dictator
King
President
19
A Mexican peso is an example of what?
Human resource
Capital resource
Currency
20
A country's focus on making one specific good or service is what?
Trade
Specialization
Embargo
Quota
