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Forms of Government and Intro to Economics Flashcards | StudBud

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Forms of Government and Intro to Economics

9 terms·StudBud Administration·388 plays

Quick review on forms of government and introduction to economics.

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Questions 9

Answers

1
What kind of economy is most likely to produce the car in the picture? Everyone gets the same.
Market economy
Mixed economy
Traditional economy
Command economy
2
What system of government does Israel have?
Multi-party Parliamentary System
Theocracy
Direct Democracy
Representative Democracy
3
What are the four factors of production?
Land, Labor, Capital, Entrepreneurship
Life, Liberty, Land , Entrepreneurship
Money, Equipment, Human Resources, Factories
Capital, Labor, Land , Entrepreneurship
4
Which system of government do we use in the United States?
Representative Democracy
Multi-party Parliamentary System
Monarchy
Direct Democracy
5
Which description best explains GDP?
Value of all goods produced in a nation in a year.
None of these.
Value of all services produced in a nation in a year.
Value of goods and services produced in a nation in a year
6
Which form of government has one leader who is not elected by democratic election?
Direct democracy
Dictatorship
Parliamentary system
Representative Democracy
7
Iran is run by a religious-based government, what is this called?
Dictatorship
Democracy
Theocracy
Monarchy
8
Which creates a better standard of living and quality of life?
High GDP
An average GDP
Low GDP
Decreasing GDP
9
What kind of economy is most likely to produce the car in the picture?
Command economy
Market economy
Traditional economy
Communist economy