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Government and Economics Review Flashcards | StudBud
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Government and Economics Review
Government and Economics Review
20 terms
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StudBud Administration
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143 plays
A review of the basics of government and economics
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What is human capital?
tax placed on exported goods
machines and equipment used to produce goods and services
the stopping of goods going into a country
skills people use in order to produce goods and services
2
Which is an example of a trade barrier?
Import
Embargo
Currency
Export
3
Which is an example of a confederation?
European Union
Israel
The United States
Saudi Arabia
4
Which is an example of a PHYSICAL CAPITAL resource?
Reading
Writing
Communicating
Computers
5
Which word means "rule by one" ?
federal
democracy
oligarchy
autocracy
6
a product brought INTO a country is called a(n)....
Export
Tariff
Import
Quota
7
What is a tax placed on imported goods?
Export
Tariff
Capital resource
Import
8
Which is an economic question?
For whom to produce?
Where to produce?
How long to produce?
How much is it going to cost?
9
A parliamentary democracy is run by whom?
Dictator
King
Prime Minister
President
10
What is a system of production, distribution, and consumption?
Economic system
Traditional economy
Market economy
Command economy
11
Which type of power distribution SHARES power?
Confederation
Unitary
Federal
12
What is the value of goods and services produced within a country?
Gross Domestic Product
Money
Currency
Clean Domestic Product
13
Which word means "rule by few"?
democracy
unitary
oligarchy
autocracy
14
An economy that is controlled by the government is called a(n)...
Command economy
Mixed economy
Market economy
Traditional economy
15
A Mexican peso is an example of what?
Capital resource
Human resource
Currency
16
An economy that is made up of more than one type of economy is called a what?
Command economy
Market economy
Mixed economy
Traditional economy
17
United Kingdom is an example of what?
Presidential Democracy
Dictatorship
Confederation
Parlimentary Democracy
18
The United States is an example of what?
Oligarchy
Confederation
Democracy
Autocracy
19
A country's focus on making one specific good or service is what?
Specialization
Quota
Trade
Embargo
20
A person who starts their own business or organization is called a(n)....
entrepreneur
consumer
seller
