Government and Economics

Question 1

Restriction on the amount of a good that can be imported into a country

Accepted Answer

quota

Question 2

In a ________ system, the people hold the supreme power by electing officials to represent them

Accepted Answer

democratic

Question 3

Forbid trade with other countries

Accepted Answer

embargo

Question 4

This type of government system is a loose alliance of countries or other political units

Accepted Answer

Confederation

Question 5

Who is someone who takes a risk to start a new business?

Accepted Answer

Entrepreneur

Question 6

In a __________ system control rests with a small group of people with wealth or power

Accepted Answer

oligarchic

Question 7

Trade Agreement between Mexico, U.S.A., and Canada which lowered trade barriers.

Accepted Answer

NAFTA

Question 8

What is the term for all of the goods and services produced within a country in one year?

Accepted Answer

Gross Domestic Product

Question 9

Whenyou change from one country’s currency to another’s, what is it called?

Accepted Answer

Currency Exchange

Question 10

Percentage of a country’s population over the age of 15 that can read and write?

Accepted Answer

Literacy Rate

Question 11

The executive and legislative branches are separate bodies elected independently by the citizen

Accepted Answer

presidential

Question 12

What is the term that refers to the education, healthcare, & training of a country’s workers?

Accepted Answer

Human Capital

Question 13

This is a tax on imported goods

Accepted Answer

tariff

Question 14

The leader is the prime minister.

Accepted Answer

Parliamentary

Question 15

Citizens elect members of legislature who then select the country's leader

Accepted Answer

parliamentary

Question 16

The government controls the resources in this economic system

Accepted Answer

command

Question 17

Those products that a country makes best and that are in demand on the world market?

Accepted Answer

Specialization

Question 18

This government system gives all of the power to the central government.

Accepted Answer

Unitary

Question 19

What is the most common economic system today?

Accepted Answer

mixed

Question 20

In an ______ system, one leader holds complete power.

Accepted Answer

autocratic

Question 21

Housing, food, health care, educational opportunities, and income available to the people is __

Accepted Answer

Standard of Living

Question 22

All of a country’s technology, factories,& machines that are used to make/sell goods & services

Accepted Answer

Capital Goods

Question 23

The legislature controls the power.

Accepted Answer

Parliamentary

Question 24

What are "gifts" of nature?

Accepted Answer

Natural Resources

Question 25

This government type divides power between the central government and smaller political units.

Accepted Answer

Federal

Question 26

Which economic system is found in simple agricultural societies

Accepted Answer

traditional

Government and Economics

Questions 26

Government and Economics

Questions 26