Unit 1 - Types of Government & Economic Systems

The UK is ruled by Queen Elizabeth II. This is an example of...

Citizens in Brazil elect representatives to serve in two different legislative bodies. This is an example of...

Power limited by a constitution

Separation of power divides government to ensure no one branch has too much power.

Rule of law ensures laws are fair, enforced and applies to everyone the same

Leaders have absolute control over citizens' lives; often taking power by force

Rule by the citizens

Government that uses religious law to rule the people.

Under a socialist system, the factors of production are controlled by...

The United States is best described as a(n)...

Public is NOT allowed to criticize the government

Under a capitalist system, individuals/groups seek to attract the business of customers. This is called...

Leadership is not responsible to the will of the people or held accountable for its actions.

Translated as "Let it be", this is a hands off approach to the economy that enables capitalism.

Based upon supply and demand; privately owned companies sell produce at high price when the demand is high

Which best describes the USA?

Citizens elect leaders to represent their rights and interests.

Government sets prices for all products sold.

Government allows farmers to set prices for their produce and to decide how much to pay for labor without regulation.

Government sets some business regulations, such as a minimum wage; Both private & public companies control production

Limited government due to established an respected restraints on power.

Adam Smith is most associated with...

Rule by a small group

Rule by one person

The right to rule

An institution with the power to make and enforce rules for a group

Robert Mugabe ruled over Zimbabwe for 37 years with absolute control. This is an example of...

Absence of government

Karl Marx is most associated with...

Before 1994, only white people were allowed to serve in the government of South Africa. This was an example of...

Government take over over industries

Authoritarian socialism

Led by a king or queen; given power by birth

Under capitalism who/what controls the factors of production?

Economic system in which the factors of production and services are controlled by individuals NOT the government.

Unlimited power of the government with limited roles for the citizens.

No legal opposition or very little

How do socialist systems pay for social serivces?

Rely on the will of the people for authority and decision-making; rule by majority

Basic resources needed for a country's economy.

Capitalism operates under which type of economic system?

The United States is best described as...

Citizens are directly involved in the day-to-day work of governing, including lawmaking

Canada features an elected legislative body, Parliament. This is an example of...

Under capitalism, operating within a free market, what determines prices?

The US is best described as a ...

Ayatollah Khamenei is the top religious leader in Iran. Govt. decisions must be approved by him. This is an example of..

Consent of the governed through voting