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7th grade Government and Economy Flashcards | StudBud
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7th grade Government and Economy
7th grade Government and Economy
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1
All the skills, talents, education, & abilities that human workers possess and the value that they bring to the country.
Human Capital
quota
capital goods
embargo
2
How is the leader chosen in a Parlimentary democracy?
The leader takes control through force
The people elect the leader
The head of state appoints the leader
3
What is the purpose of a continuum line?
It helps governements see the opinions of its citizens.
It compares 2 or more pieces of information along a measurable scale.
It helps the legislature make laws.
It helps us make a Venn Diagram.
4
What is the purpose of an embargo?
Embargos place a limit on the amount of a good that can be imported.
Embargos forbid trade with another country.
Embargos are the talents, education, and abilities of a country's citizens.
Embargos add a tax on goods that are imported from other countries.
5
This is a problem for which economy: They can only do what their ancestors did and passed on through the generations.
Traditional
Market
Command
Mixed
6
All of the goods that are produced in the country and then used to help make goods and services.
Tariff
Entrepreneur
Human capital
Capital goods
7
A particular area which someone concentrates on or is an expert in
embargo
specialization
tariff
entrepreneur
8
What is the name of the leader in a Presidential Democracy?
Citizen
President
Prime Minister
Dictator
9
A tax on goods that are imported from other countries.
capital goods
quota
tariff
human capital
10
Most countries in the world have what type of economic system?
Command
Traditional
Market
Mixed
11
Who makes the laws in a presidential democracy?
prime minister
president
legislature
12
A restriction on the amount of a good that can be imported into a country.
Embargo
Tariff
Quota
Human Capital
13
What kind of economy is this? Decisions are made by the individuals.
Traditional
Mixed
Market
Command
14
One single leader creates all the rules in this type of government.
Parlimentary democracy
Presidential democracy
Autocracy
Oligarchy
15
If a country invests in human capital,
the economy improves by expanding the knowledge and skills of its people
the country loses jobs and therefore unemployment increases
the GDP goes down
less businesses will start and less goods will be produced
16
This is a problem for which economy: Everyone can do anything and create any business that may be used for bad things.
Command
Mixed
Market
Traditional
17
What is the purpose of a tariff?
It is the talents, education, and abilities of a country's citizens.
It adds a tax on goods that are imported from other countries.
It places a limit on the amount of a good that can be imported.
It forbids trade with another country.
18
Forbidden trade with another country. Ban on trade
Embargo
Quota
Specialization
Tariff
19
People who provide the money to start and operate a business.
Entrepreneur
Capital Goods
Human Capital
Specialization
20
What kind of economy is this? All decisions are made by the government and everything is planned
Mixed
Command
Traditional
Market
21
What kind of economy is this? Decisions are made based on past customs.
Traditional
Command
Market
Mixed
22
What type of government has a small group of people making the decisions?
Autocracy
Dictatorship
Oligarchy
Parlimentary Democracy
23
Which branch does the leader belong in a Presidential democracy?
Executive
Legislature
The leader doesn't belong to a branch
Judicial
24
What are some examples of capital goods?
mountains, deserts, oceans
talents, education, abilities of the citizens
tools, equipment, factories
workers, owners, entrepreneurs
25
What is the purpose of a quota?
It is the talents, education, and abilities of a country's citizens.
It adds a tax on goods that are imported from other countries.
It forbids trade with another country.
It places a limit on the amount of a good that can be imported.
26
This is a problem for which economy: No one gets to make any rules or start any businesses.
Mixed
Traditional
Command
Market
27
How is the leader chosen in a presidential democracy?
The leader is chosen through birthright.
The leader takes control by force
The citizens elect the leader
The legislature appoints the leader
28
Why should countries invest in entrepreneurs?
They help start more businesses and produce more goods and services.
They help the leaders stay in power.
They shouldn't invest in them. Entrepreneurs are bad for the country.
Countries don't want to sell their products to other countries.
29
What is the name of the leader in a Parlimentary Democracy?
President
Dictator
Citizen
Prime Minister
30
True or False? Natural resources affect GDP by raising the output because it is natural and is produced in our country.
True
False
