Sink or Swim Economics & Government Review

Economics

This type of economy is based on customs and could be agriculture or hunting based.

Government

Distribution of power

____________ is a voluntary association of independent states.

Economics

All of these terms are related to what economic topic? Factors of __________________

LandLabor

CapitalResources

Entrepreneur

Government

Which type of democracy has a Prime Minister?

Economics

Natural Resources can be further broken into what two types?

Government

What does it mean to be in a Monarchy?

Economics

This is a type of TRADE BARRIER that places a TAX on goods when they cross a national border.

Government

A _________ government is one where the government owns property, business, farms, and it provides the people with things like healthcare, education, & welfare. There are no other options for the citizens except to accept what the government offers.

Economics

This allows countries to be able to fairly do business with one another.

Government

Iraq under the leadership of Saddam was an example of this type of government:

Economics

If you live in a place where the government owns and operates all forms of business, you live in a ______________ economy.

Government

Explain a Revolutionary government.

Economics

Name the 4 types of economic systems.

Government

China is an example of a ______________ type of government.

Economics

This type of economy is also called FREE ENTERPRISE.

Government

What form of government exists where the rulers claim to be ruling on behalf of religious ideas?

Economics

What is the difference between a command economy and a market economy?

Government

A ____________ system is a situation where there is no government.

Economics

Socialism and Communism are terms associated with this type of economic system.

Government

What type of democracy does the US practice?

Economics

______________ is the total market value of all final goods and services produced within the country in a given period of time.

Government

A dictator falls under this type of government power distribution.

Economics

This is the broad term that relates to all of the following:

TariffQuota

Embargo

Government

How does a Federal government distribute power?

Economics

What does it mean if you have an embargo placed on another country?

Government

Explain what it means to be a Unitary government

Economics

_________ focuses on a countries development of ONE specific product or service.

Government

What are the two types of democracy?

Economics

____________ is a type of trade barrier that sets a physical # limit on the quantity of a good that can be imported into a country.

Answers

Slide Number …• 2. Traditional • 3. Confederation• 4. Production• 5. Parliamentary Democracy• 6. Renewable / non-renewable• 7. Ruled by a king• 8. Tariff• 9. Communist• 10. Trade• 11. Dictatorship

• 12. Command• 13. Existing gov. is overthrown by a

completely new group.• 14. Market, command, mixed,• traditional• 15. Communist• 16. Market• 17. Theocratic• 18. Gov. controls command; Supply

& demand controls market• 19. Anarchy• 20. Command

Answers

Slide number…• 21. Presidential• 22. Gross Domestic Product• 23. Autocratic• 24. Trade barriers• 25. Power divided between

central gov. and smaller divisions (states)

• 26. No trade allowed• 27. Central gov. assigns power&

duties to smaller divisions• 28. Specialization• 29. Parliamentary & Presidential• 30. Quota