3rd 9 weeks final review

when people, businesses, countries produce specific goods or services in order to produce more

the voluntary exchange of goods and or services

economic system where traditions, customs, & beliefs shape goods and services produced

rule by the few

N.Korea gov't controls economy. Decisions are made by gov't-what, for whom, how to produce.

Which S. Asian country is BEST example of mixed economy, with elements of market and command?

economic system consisting of public ownership and private ownership

resources found on or in the earth and are used in the production of goods and services

What problem faces Japan that could affect its economic growth?

the education and skills that allow workers to produce goods and services and earn a salary

the mix of qualities needed to create and run businesses

a tax on imported goods; usually designed to protect domestic production of similar goods

Which nation can be associated with restrictions on freedom of speech, religion, and press?

emperor is Chief of State, Prime Minister is Head of Gov't, constitutional monarchy

total value of all the goods and services produced within a country in a given year

Which Asian country could be an autocracy, power held by single party and a single dictator?

to buy more of something in order to benefit from it in the future

National People's Congress is legislative body *communist state *Premier is Head of Gov't

restriction to regulate international commerce and business

The laws of supply and demand control the production of goods and services.

The cost of a missed opportunity. It is the opposite of the benefit that would have been gained

physical structures&facilities (buildings,roads, power supplies)needed for operation of society

rule by the people with elected representatives

rule by the people

rule by a single person who gained power through force

economic system-means of production publicly owned,economic activity controlled by government

rule by one

In which form of gov't is citizen involvement the HIGHEST?

goods such as factories, machines, and tools that workers use to make other goods

rule by none

when a country refuses to import or export certain goods; often backed by military force

goods brought into one country from another through trade or sale

rule by the citizens or public without representation

a limit on the quantity of a good that can be imported into a country in a given period of time

In __, citizens are allowed to vote for leaders but ruling party has not allowed people to vote

A gov't system where gov't is controlled by one central authority is

One of most successful economies in the world, little land for farming,highly industrialized

Gov't system where power is divided between one central and several regional authorities is

Which country is parliament democracy, emperor is figurehead, power is in the prime minister?

goods and services traded with or sold to other countries

rule by a king or queen

rule by god or higher power