Show:
Economic Basics
Types & Forms of Government
Mix 1
Government Decision Making
Mix 3
100
"The government makes all economic decisions"
Command Economy
100

“State governments hold most of the power in this form of government”

Confederate

100
What word means "a type of society where no government exists--often leading to chaos"?
Anarchy
100

The natural, human, and capital resources that are used to produce goods and services; also called factors of production

Economic Resources

100
What word describes "a document that lists what the government can and cannot do"?
Constitution
200
“Economic decisions are determined by prior customs—usually associated with agricultural societies”
Traditional Economy
200
“Instead of voting for others to make government policies, the people make all the government's public policies.”
Direct Democracy
200
What word means "strict control of crime and control of violence"?
Order
200

The condition that results from unlimited economic wants and the limited resources, goods, and services available to satisfy those wants

Scarcity

200

Supreme and absolute authority within territorial boundaries

Sovereignty

300
“Economic decisions are decided in markets through the interaction of buyers and sellers”
Market Economy
300
“A government that has total control of people’s lives”
Either one of these words is correct: - totalitarian - authoritarian
300
What word means "to be free from the control and rules of others"?
Liberty
300

Broad social goals that relate to economics and guide government, individuals, and society in making decisions

Socio Economic Goals

300

“Type of democracy whereby people elect others to run the government”

Representative Democracy 

400
“An economy that is a combination of market and command forces”
Mixed Economy
400
“Form of government whereby the national government has more power than the state governments”
Unitary Government
400
List two functions of the US national government government that are listed in the Preamble to the US Constitution. (Six possible answers are possible)
Here are the six possible answers: A. Form a more perfect union B. Establish Justice C. Insure Domestic Tranquility D. Provide for the Common Defense E. Promote the General Welfare F. Secure the Blessings of Liberty
400

A form of government in which small, usually self-appointed elite hold the power to rule

Oligarchy

400
“Type of democracy that allows the people to choose both the legislative branch and the executive branch”
Presidential Democracy
500
What vocabulary concept describes: “What you give up when you make a decision”?
Opportunity Cost
500
“Type of democracy whereby the people elect the legislative branch, and the legislative branch chooses the executive”
Parliamentary Democracy
500
The Governor of Maryland chose to cut spending on road construction in order to increase spending for school construction. Which economic principle is best demonstrated by this decision?

Opportunity Cost

500

A statement in a constitution that sets forth the goals and purposes of government

Preamble

500

“Form of government that emphasizes power be divided between the local, state, and national levels of government”

Federal