Government and Economics Terms

a limited supply or resources in comparison to unlimited wants and needs

The government distributes power through three basic systems; what are they?

deals with national affairs, ex: US Capitol

The United States has a trade ___________ with Cuba.

the division of the branches of government (legislative and executive)

central government makes all laws for the entire country

What are the three levels of federal government?

a body with the authority to make, enforce, and interpret laws for a country or area

something that a person does for someone else in exchange for money or value

an economic system where government decides what is to be produced and how to produce

the study of the production, distribution, and the consumption of goods and services

Which branch of government enforces laws?

What is the rarest form of distribution of power?

a person who buys a good or service

Citizens participate at varied levels in different government systems; what are they?

includes country, city, and town governments

People produce what people need to survive by farming, hunting, and/or gathering

What type of economy does the UK, Germany and Russia have?

an economic system where people decide what and how to produce

In a Parliamentary government who does the Prime Minister and his cabinet answer to?

Which branch of government interprets laws?

a mixture of a pure command and pure market economy

the amount of a good or service that consumers are willing and able to buy

the three branches of federal government

ruled by a small group of people with wealth and power, few citizens have a say

limits branch's powers; keeps one branch from having too much power

someone who creates or manufactures a good or service through physical or mental effort

In which government do people hold supreme power; people elect leaders and rule by majority?

power is divided between the central government and smaller political units 

executive and legislative branches are mixed; share powers