Government/Econ Review I

Type of gov't in Iraq prior to the Iraq War in 2003

Gov't where power is SHARED between central and regional governments

Form of government held by a SINGLE ruler

Which question is not one of the three basic economic questions?

people who use their resources/talents to start a business and accept risk

Government ran by a king/queen

too small a supply to meet a demand

What kind of economic system does the USA have?

The head of ____ deals with day to day gov't matters; passing laws/budgets

Government that allows religion to dictate

If China levies a tax on U.S. products, what kind of trade barrier are they using?

Why do nations use trade barriers?

Israel, Turkey, Iran, and Saudi Arabia are all what types of ECONOMIES?

Economic measure that is the value of all goods and services inside a country in a year

If a nation has a high literacy rate, how does it effect economic growth?

type of democracy where citizens elect HEAD OF GOV'T directly

system of production, distribution, and consumption

If a country COMPLETELY STOPS TRADE, what is that called?

mutually dependent; depend on each other (ex: USA and Saudi Arabia for oil and money)

knowledge, education, skill, and ability level of people in a country