CH 3 S 2 Political & Economic Systems

Economics

100

Known as a “Mixed Economy” in which the free market and government jointly make decisions

1. Socialism

2. Capitalism

3. Federalism

4. Communism

Socialism 

200

Which of the following does not consist of Communism?

1. Owns all the buildings such as farms, factories, stores 

2. Determines what products are made and how much they cost 

3. Determines worker equality and fairness 

4. Determines worker wages

Determines worker equality and fairness 

300

Known as a “Market economy” in which consumers help producers determine production. Government takes little role in economy and private business. 

Capitalism

400

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

500

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

Government p1

100

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 

200

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

300

A system of government in which leaders hold all or nearly hold all power

1. Totalitarian 

2. Dictatorship 

3. Unitary 

4. Authoritarian 

Authoritarian

400

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 

500

A system of government in which individual political units keep their sovereignty, but give limited power to a central government.

Confederation

Government p2

100

A system of government headed by a King, Queen, Sultan or Pharoah, whose position is usually inherited

1. Monarchy 

2. Dictatorship 

3. Unitary 

4. Authoritarian

Monarchy

200

2 forms of Monarchy exist. There is Absolute Monarchy and Constitutional Monarchy.

T or F

True

300

2 forms of Democracy exist. There is Direct Democracy and Representative Democracy. 

T or F 

True 

400

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?

1. Demography

2. Capitalism

3. Democracy

4.  Federalism

Democracy

500

What is the most common kind of Authoritarian government 

Monarchy 

Extra

100

Which of the following does not consist of a country’s territory?

1. Government

2. Water

3.  Resources

4. Land

Government

200

Which of the following is not a characteristic that helps define a country?

1. Clearly defined territory 

2. Government 

3.  Economic structure 

4.  Sovereignty 

Economic Structure 

300

Rule by a small group of people or a single dictator

Dictatorship

400

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

500

A country’s freedom and power to decide on policies and action

Sovereignty