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Economies and Government Flashcards | StudBud
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Economies and Government
Economies and Government
20 terms
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StudBud Administration
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SS7E1, 4, 7 a-b SS7E2, 5, 8 a-c SS7E3, 6, 9 a-e SS7CG1 a-b SS7CG3, 4 a-b
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
government has FULL control
mixed
traditional
market
command
2
Gifts from nature or Planet Earth
capital resoruces
specialization
human capital
natural resources
3
A limit on imported goods
tax
tariff
quota
embargo
4
central government shares power with the regions (hint: UFC)
federal
confederation
autocracy
unitary
5
market + command =
command
market
mixed market
traditional
6
citizens own their own business with some government involvement
market
command
mixed
traditional
7
country produces just want it needs; citizens barter (trade)
mixed
traditional
pure market
command
8
Which form of govt does the leader answer to the legislator?
Parliamentary
Presidental
9
central government has all the power; regions have no power (hint: UFC)
unitary
confederation
federal
autocracy
10
The people who have skills and training to do a job.
Capital Resources
Human Capital
specialization
Natural resources
11
no one allowed to vote; only 1 person makes decisions (hint: DOA)
autocracy
democracy
oligarchy
unitary
12
machines, factories, school buildings, etc...
quotas
human resources
capital resources
tariffs
13
Rulers of oligarchy govt are...
controlled by one person.
mean.
connected by bloodline.
only a few people.
14
a limit on the number of items that can be imported
command
embargo
tariff
quota
15
Citizens are allowed to start their own businesses in this type of economy-NO govt involvement.
command
market
mixed
traditional
16
In China, only military leaders & members of the Communist Party can vote. (hint: DOA)
autocracy
oligarchy
democracy
federal
17
What economic system that uses hunting, gathering and farming?
mixed
traditional
market
command
18
Being really good at something and making the item more cost effectively than others.
specialization
natural resources
human capital
capital resources
19
Government has nearly all control in this type of economic system
command
capitalist
communist
market
20
In a confederation, the central govt is weak.
True
False