Type of Government
In what type of government do people have rights protected?
Democracy
How are leaders chosen in India?
The prime minister is elected by members in parliament from the majority party.
Citizens elect members of parliament, and then the members vote for prime minister.
Private businesses and citizens have no real role in North Korea’s economy. What type of economy does North Korea have?
Command
The government makes all of the country’s economic decisions: prices of goods, wages of workers, goods to be made, etc.
Command
Which country has a PURE command economy?
TRICK QUESTION!!! no pure command economy
What is a parliamentary democracy?
A form of government where people elect representatives (legislature) and then, those representatives select the country's leader.
How are leaders chosen in Japan?
The emperor is a position that is inherited through family line.
The prime minister is the leader of the majority party in Japan’s parliament (indirectly elected by the Japanese people).
How does specialization impact a country's economy?
It encourages trade among countries because no country can produce everything it needs.
The government has no control over the economy; private citizens answer all economic questions.
Market
Who is Xi Jinping?
China's president
Which type of government would most likely abolish all opposing political parties, the direct election of leaders, and freedom of speech?
Dictatorship
How are leaders chosen in South Korea?
Citizens directly elect the president.
Tariff, Quota, Embargo, Sanctions, Subsidies are known as...
Political trade barriers
Their economies are not run entirely by government commands, nor do they side with the free market 100% of the time
Mixed
What is the purpose of the Korean Worker's Party?
The Korean Workers’ Party is the center of North Korea’s government.
High-ranking KWP officials make decisions without answering to the citizens.
Which form of government puts the power of the government in a single person?
Autocracy
How are leaders chosen in North Korea?
The military supreme commander appears to be a hereditary position that has been passed down through three generations.
What happens to the price of an item when the supply is small and/or the demand is high?
The price goes up!
This system answers the three economic questions
based on traditional customs and beliefs of the past.
Traditional
Who is the leader of North Korea?
Kim Jong-Un is the current leader of North Korea.
What is an oligarchy?
A form of government where a small group of people hold the power.
How are leaders chosen in China?
China’s legislature elects the president.
The president nominates someone to be the premier, and the legislature confirms him or her.
Quality of life based on ownership of necessities and luxuries that make life easier.
Standard of Living!
What are the 3 economic questions
What goods/services will be produced?
How will goods/services be produced?
Who will consume the goods/services?
Who makes decisions in a command economy? Who makes decisions in a market economy?
Command= Government
Market= Consumers