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7th Grade Gov. & Economics Review Flashcards | StudBud
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7th Grade Gov. & Economics Review
7th Grade Gov. & Economics Review
20 terms
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StudBud Administration
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General government and economic terms.
Flashcards
20 cards
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Questions
20
Answers
1
Who makes most of the important governmental decisions in an oligarchy?
A small group of powerful leaders
The king or queen
The people
2
What are 3 types of Trade Barriers?
Tariffs, Quotas, Fences
Fences, Bridges, Tariffs
Quotas, Embargoes, Tariffs
3
In a market system, economic decisions are based on ...
consumers/people
traditions and customs
the government
4
All economic systems are ...
Pure Market
Pure Command
Mixed
5
In a Command System, economic decisions are based on ...
The government
Consumers
Traditions and customs
6
Who makes most of the important government decisions in an autocracy?
The people
The court system
The ruler
7
The three types of economic systems are ...
Pure, Mixed, Market
Traditional, Market, Command
Traditional, Mixed, Market
8
One of the disadvantages of the Market System is ...
Lack of resources
Extreme government control
High degree of uncertainity
9
In a democracy how is the leader determined?
The people vote for him or her.
Heredity
Wealth, social position, or military strength
10
The leader of a presidential democracy is often called the ...
Supreme One
President
Prime Minister
11
In a Unitary government system, most of the power is in the hands of the...
Central government
Local governments
Individual voters
12
A tax on an import is called...
tariff
quota
embargo
13
When a country refuses to trade with another country it is called...
tariff
quota
embargo
14
In an autocracy how is the leader determined?
Wealth, social position, or military strength
Heredity
The people vote for him or her
15
Why do individuals have more power in a democracy than in other forms of government?
Local government and Central governments do not get along.
The voters get to choose the people that make the laws.
Kings and Queens do not make good rulers.
16
In a Federal government system, most of the power is in the hands of the....
Central and Local share control
Central government
Local government
17
The three basic questions all economic systems must answer are:
Why, What, and for Whom to produce?
When, How, and What to produce?
What, How and For Whom to produce?
18
Many choices in a Market System lead to ...
A high degree of customer satisfaction.
Confusion.
A low degree of customer satisfaction.
19
In a confederation government system, most of the power is in the hands of the ...
Central governments
Local governments
Individual voters
20
The leader of a parliamentary democracy is often called the ...
President
Prime Minister
King
