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Economics and Government Basics Flashcards | StudBud
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Economics and Government Basics
Economics and Government Basics
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Questions
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Answers
1
Countries with a low standard of living are called
developing nations
industrialized nations
prehistoric nations
developed nations
2
oligarchy is a limited form of government
False
True
3
Communism and capitalism are examples of
governments.
educational methods.
technological achievements.
economic systems.
4
people who buy and use products
developed country
developing country
consumers
producers
5
absolute monarchy is a limited form of government
True
False
6
a form of government in which people participate directly in decision making, such as in Switzerland
dictatorship
dictatorship
dictatorship
dictatorship
7
a government where one person takes power and has almost total control
direct democracy
developed country
dictatorship
developing country
8
a country that has a high standard of living
developing country
developed country
consumers
producers
9
tribal rule is a limited form of government
True
False
10
representative democracy is a limited form of government
False
True
11
A government with kings or queens who have no power. The power is held by representatives who are elected by citize
Absolute Monarchy
Constitutional Monarchy
Dictatorship
Oligarchy
12
dictatorship is a limited form of government
True
False
13
constitutional monarchy is a limited form of government
True
False
14
Democracy, monarchy, and dictatorship are examples of
kinds of social classes.
types of governments.
kinds of families.
economic systems.
15
Capitalism is called a free-market economy because
it depends on lack of trade.
it does not rely on competition.
the central government owns most businesses.
producers compete freely for consumers’ business.
16
Which type of government would most likely support a capitalist (free-market) economic system?
oligarchy
absolute monarchy
representative democracy
dictatorship
17
owners and workers who make products
producers
direct democracy
dictatorship
consumers
18
direct democracy is a limited form of government
False
True
