Economics
Known as a “Mixed Economy” in which the free market and government jointly make decisions
Socialism
Capitalism
Federalism
Communism
Socialism
Relating to a union of states that recognize a single central government but retain certain powers for themselves is known as a Confederation.
T or F
False - Federal system
A system of government headed by a King, Queen, Sultan or Pharoah, whose position is usually inherited
Monarchy
Dictatorship
Unitary
Authoritarian
Monarchy
Which of the following does not consist of a country’s territory?
Government
Water
Resources
Land
Government
Which of the following does not consist of Communism?
Owns all the buildings such as farms, factories, stores
Determines what products are made and how much they cost
Determines worker equality and fairness
Determines worker wages
Determines worker equality and fairness
A system of government in which one central government holds most of the political power. Local governments only have power given by the central government, known as an Authoritarian government.
T or F
False - Unitary government
2 forms of Monarchy exist. There is Absolute Monarchy and Constitutional Monarchy.
T or F
True
Which of the following is not a characteristic that helps define a country?
Clearly defined territory
Government
Economic structure
Sovereignty
Economic Structure
Known as a “Market economy” in which consumers help producers determine production. Government takes little role in economy and private business.
Capitalism
A system of government in which leaders hold all or nearly hold all power
Totalitarian
Dictatorship
Unitary
Authoritarian
Authoritarian
2 forms of Democracy exist. There is Direct Democracy and Representative Democracy.
T or F
True
Rule by a small group of people or a single dictator
Dictatorship
Under Socialism, states own and operate basic industries. Name 2 examples of basic industries stated in the slides
Transportation, Communication, Banking, coal mine, steel industry
A system of government in which a central authority controls all aspects of society and subordinating individual freedom to state interests is known as Dictatorship.
T or F
False - Totalitarian
A system of government in which the people are invested with the power to choose their leaders and elected representatives, and determine government policy based on the will of the majority?
Demography
Capitalism
Democracy
Federalism
Democracy
While this may vary based on if your country recognizes others or if others are recognized, according to the slides about how many countries are there in today's world?
200
Name an Economic system and either it's positives or negatives
Capitalism +Ability to choose, less restriction and less taxes
- uneven distribution of wealth, less benefits
Socialism +Provide many social services, housing, health care, child care, retirement benefits
- high costs of welfare, High taxes
Communism +No accountability, Equal in all jobs
- No say in economy or distribution
A system of government in which individual political units keep their sovereignty, but give limited power to a central government.
Confederation
What is the most common kind of Authoritarian government
Monarchy
A country’s freedom and power to decide on policies and action
Sovereignty