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Unit I Review - Foundations of Government and Economics Flashcards | StudBud
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Unit I Review - Foundations of Government and Economics
Unit I Review - Foundations of Government and Economics
15 terms
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StudBud Administration
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A government quiz to prepare students for the Unit 1 Assessment.
Flashcards
15 cards
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Questions
15
Answers
1
In which form of government do citizens have the most say in all laws and policies?
Absolute monarchy
Representative democracy
Democratic monarchy
Direct democracy
2
Leaders are most accountable to their citizens in a _____ form of government.
democratic
authoritarian
oligarchic
monarchic
3
Under what circumstances might a free-market based economy take on "command"-like qualities?
A surplus, or an excess of resources
A war or other situation involving scarcity
4
In the US, basic economic decisions about whether and what to produce are answered by:
Congress and the President
Individuals and businesses
Local and national governments
Political party leaders
5
Authors of
The Jungle, How the Other Half Lives
and
Bitter Cry of the Children
likely wanted:
Decreased government involvement in business activities
Laws in place to protect consumers and workers
6
In a _____ form of government, national and state governments divide political authority.
confederate
federal
unitary
7
The
Communist Manifesto
argues that class differences should be abolished. It is a defense of:
Command economies
Free market economies
Traditional economies
Mixed economies
8
Which of the following is an argument in favor of a federal form of government?
Power is divided among different levels of government
Power is concentrated in the hands of a few
9
Providing a tax cut to business results in less government revenue. This is an example of:
Opportunity cost
Tough luck
Economic freedom
Supply and demand
10
The three basic economic questions that each government faces are:
Who are we? Why are we here? Where are we going?
What to produce? How to produce? For whom to produce?
11
The Wealth of Nations
argues that individual wealth helps the common good. It is a defense of:
Traditional economies
Command (communist) economies
Free market (capitalist) economies
12
Legislators decide to use funds for computers instead of school construction. The
opportunity cost
or trade-off is:
Upgraded technology
Improved school facilities
13
In which form of government are individual freedoms most likely to be limited?
Direct democracy
Representative democracy
Democratic monarchy
Dictatorship
14
In which system does the government have the most control over the
factors of production
?
Free Market
Command
Traditional
Mixed
15
"Absolute power corrupts absolutely." The author likely opposes which of the following?
Direct democracy
Dictatorship
Constitutional monarchy
Republic
