Income received by a government from taxes and non tax sources.
What is Revenue?
100
Strategies and goals that guide a nation's relations with other countries and groups in the world.
What is foreign policy?
100
Agreement that results from cooperation between at least two countries to reduce trade barriers and tariffs and to trade with each other.
What are international free trade agreements?
100
People are able to vote in this type of government. The United States is also this type of government.
What is democratic government?
100
All productive resources are government owned and operated. Centralized planning directs all resources. Government makes all major economic decisions.
What is communism?
200
This gives congress the power to tax.
What is the constitution?
200
Commander in chief, head of state, appoints and receives ambassadors, makes treaties, establishes foreign policy.
What are the presidential powers?
200
More goods are bought from other countries than America sells to other countries.
What is trade deficit?
200
This government is communist and you aren't able to vote.
What is authoritarian government?
200
Basic productive resources are government owned and operated; the rest are privately owned and operated.
What is socialism?
300
Loans from other countries.
What is borrowing?
300
Declare war, appropriate money, ratify treaties, confirm appointments
What are congressional powers?
300
The value of a foreign nation's currency in terms of the home nation's currency.
What is exchange rate?
300
This parliamentary house deals with legislative and financial policies.
What is house of commons?
300
Productive resources are privately owned and operated. Government may promote competition and provide public goods.
What is capitalism?
400
Selling federal securities such as bonds, notes and treasury bills.
What is borrowing?
400
The smallest department, carries out foreign policy, secretary of state supervises diplomatic activities.
What is the department of state?
400
The value of the dollar rises compared to another currency, or more than one other. More foreign currency is necessary to purchase U.S. dollars. The value of the dollar is appreciating.
What is a strong dollar?
400
This is when voters vote for legislature and chief executive who then appoint and approve the judiciary.
What is the presidential government system?
400
Capital for production is obtained through the lure of profits in the market.
What is capitalism?
500
Individual income tax, corporate income tax, social insurance taxes, excise taxes, custom duties/tariffs, estate and gift taxes.
What are federal taxes?
500
The largest department, looks after the national security, supervises armed forces, top leaders are civilians, join chiefs of staff give military advice.
What is the Department of Defense?
500
The value of the dollar falls compared to another currency, or more than one other. More U.S. dollars are necessary to purchase foreign currency. The value of the dollar is depreciating.
What is a weak dollar?
500
This is when voters vote for legislature which then chooses the chief executive.
What is the parliamentary government system?
500
Government plans ways to allocate resources in key industries. Government directs the completion of its economic plans in key industries.