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Government and Economics
Government and Economics
30 terms
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StudBud Administration
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53 plays
A #worldcultures quiz over the basics of #government and #economics
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Which of the following is NOT a factor of production in an economy?
land
factories
labor
capital
2
What is communism?
A type of economy where citizens elect representatives
a type of government where a dictator rules society
a king or queen rules the economic decisions
a type of command economy where the government controls
3
Most countries have mixed economies.
True
False
4
What is an oligarchy?
one person who rules society
A king, queen, or emperor who rules society
A group of a few people who rule society
citizens who elect representatives to govern them
5
A society's system of producing, buying, and selling things is called
economy
government
culture
banking
6
The country of North Korea could be described as a
Absolute monarchy
Totalitarian government
Military dictatorship
Presidential democracy
7
What describes a type of oligarchy where a small group of religious thinkers rules society?
Theocracy
Monarchy
Plutocracy
Presidential Democracy
8
Who chooses the prime minister or chancellor in a parliamentary democracy?
the members of parliament
the citizens
the prime minister council
a king or queen
9
When supply is low and demand is high, what happens to prices?
Prices go down
Prices stagnate, or stay the same
Prices go up
Banks will collapse
10
The country of Germany is an example of a
Traditional monarchy
Communism
Autocracy
Parliamentary democracy
11
Which phrase BEST describes the term
economic activity
?
the production of goods and services
services such as banking or health care
the gross domestic product of a country
a country's wealth and infrastructure
12
Coming up with new ideas and new businesses is called
entrepreneurship
capitalism
communism
initiative
13
Which of the following is an example of a dictatorship?
A small group of people controls society
One person rises to power and controls all aspects of life
Citizens elect representatives to govern them
A king or queen inherits the right to rule society
14
Which sector, or level of economic activity involves using raw materials from the soil or water
resource sector
primary sector
traditional sector
secondary sector
15
When a representative government is headed by a president it can be described as a
theocracy
presidential democracy
parliamentary democracy
dictatorship
16
When a country produces clothes that are sold in stores, what type of economy does it have?
free enterprise economy
centrally planned economy
command economy
traditional economy
17
What phrase BEST describes the word
citizen
?
A person who studies political boundaries between places
A person elected by others to represent them
A person who lives within a government and has rights
A person who makes laws and creates services
18
Which level of economics contains services like health care and education or driving a taxi
secondary sector
tertiary sector
public sector
primary sector
19
Saudi Arabia is an example of
Absolute Monarchy
Theocracy
Parliamentary Democracy
Constitutional Monarchy
20
Which of the following statements is true?
Most governments are monarchies
Most governments own all or most property
Most governments create, carry out, and interpret laws
Most governments are unlimited
21
What is another name for a free enterprise economy?
communism
command economy
market economy
capitalism
22
The process of taking raw materials and turning them into a product is called
mining
manufacturing
agriculture
services
23
Most parliamentary democracies have only two political parties.
True
False
24
A type of monarchy where the king or queen has limited power because of a constitution is a
constitutional monarchy
traditional monarchy
parliamentary monarchy
democracy
25
Another name for a product is a
good
electronic
factory
service
26
Which of these describes a democracy?
The government runs most aspects of life
Citizens elect representatives
Citizens have limited rights
The government owns all or most property
27
A monarchy is an example of
Rule by a few
Rule by government
Rule by one
Rule by many
28
What is a free enterprise economy?
Government owns most parts of the economy
Governments own small parts of the economy
People trade goods and services without money
Private businesses create goods that people buy in markets
29
A parliamentary democracy's executive led by the
prime minister
king or queen
parliament
chancellor
30
What happens in a traditional economy?
The government decides what will be produced and sold
Private businesses create goods that people buy in markets
People trade goods and services without the use of money
A region trades goods and services with private businesses
