Limited or Unlimited
Economic Systems
Economic Activities
Factors of Production
Vocab
100

Effect of this type of govern would result in a loss of human rights

Unlimited

100

What are some positive benefits of a free enterprise system?

Consumer choice and Entrepreneurship, Limited govt. interference 

100

List examples of the Economic Activity.

Agriculture


  • planting crops

  • livestock for sale

  • dairy products

100
Fractors of Production are the ____________ people use to ____________ goods. 

Resources and produce 

100

True or False?

Paying taxes, obeying laws, donating to charities, and voting in elections are all responsibilities of citizens.

True

200

My government is ruled by the people and our leader must obey all laws.

Limited

200

Who benefits more in a Socialist system and why?

The govt because they can charge heavy taxes

200

List an example of the Economic Activity.

Manufacturing


  • assembling a toy car

  • assembling an iphone

  • making clothes to sell at a store

200

Any form of human work is what type of factor of production?

Labor

200

The people of Japan playing baseball is an example of ________________.

cultural diffusion 

because baseball started in America and spread to Japan

300

 There are individual rights.

Limited

300

What are some negative aspects for a communist systems?

Govt. Controls everything and citizens don't have a lot of choice 

300

These are examples of which Economic Activity?

  • H.E.B

  • Target

  • Gucci

  • Hot Topic

  • Barnes & Noble

Retail Industry 

300

Man made items like tools, factories and machines are what type of factor of production?

Capital Goods

300

_________________  is the best way for citizens to demonstrate civic participation is to serve in the army.

Voting 

400

Communism, Dictatorship, and Monarchy are examples of this type of government.

Unlimited

400

WHat type of economy is represented in the sentence below? 

factories are required to produce only gray overalls for school uniforms. To cut costs, government factories will not provide toilet paper, workers must provide their own.

Communist Economy 

400

These are examples of which Economic Activity?

  • cutting hair at a beauty salon

  • getting a car wash

  • going to eat at a restaurant 

Service Industry 

400

Items found in nature like oil, water and iron are what type of factor of production?

Natural Resources 

400

How does geography influence the economic development of an area?

- Geographic features lead to an economy based on free enterprise.

- Rivers and coastal areas limit economic development.

- Areas with many natural resources have weak economies.

- Natural resources and climate determine job opportunities.

- Natural resources and climate determine job opportunities.

500

What are the types of Unlimited and Limited governments 

Unlimited: Monarchy, Dictatorship, Communism 

Limited: Direct Democracy, Constitutional Republic, Constitutional Monarchy

500

An economic system in which private business operates in competition and largely free of government control.

Free Enterprise 

500

Your World Cultures Teacher is an example of which Economic Activity?

Service industry 

500

What is the orders or factors of production if you wanted to open a coffee shop 

Entrepreneurs- For the idea

Natural resources- Coffee bean

Labor- to create the actual shop and items sold in the coffee shop 

Capital Good- WHich is the coffee sold 

500

_______________________ is when Countries depending on one another for trading goods and services.

Global Interdependence  

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