Government Vocabulary
What is a government where citizens vote directly or elect representatives?
Democracy
Which country has a parliamentary democracy?
Israel
What does it mean when a country focuses on producing certain goods or services?
Specialization
What is a tax on imported goods?
Tariff
What are the four factors of economic growth?
Human capital, capital goods, natural resources, entrepreneurship
What type of government is ruled by a king or queen?
Monarchy
Which country has a presidential democracy?
Turkey
Why do countries specialize in certain products?
To use resources efficiently and trade for what they lack.
What is the limit on the number of goods imported?
Quota
What is an example of investing in human capital?
Education, healthcare, job training
What is a government where religious leaders rule in the name of a god?
Theocracy
Which country has an absolute monarchy?
Saudi Arabia
Saudi Arabia specializes in producing what major export?
Oil/petroleum
What is a total ban on trade with a country?
Embargo
How do capital goods help a country’s economy?
They improve production efficiency and increase output
What term describes a government with strong central authority and little citizen participation?
Autocracy
In which country does the king hold almost all the power?
Saudi Arabia
How does specialization impact trade?
It encourages trade because no country can produce everything it needs.
Why might a country place a tariff on imported goods?
To protect local industries and businesses
Why are natural resources important for economic growth?
They provide materials for trade and industry.
What is the system where power is divided between national and regional governments?
Federal system
In which country does the Grand National Assembly elect the president?
Turkey
What is an example of Israel’s specialization?
technology, agriculture, and defense industries
What trade barrier did the U.S. place on Iran due to political conflicts?
An embargo
How does entrepreneurship help a country’s economy?
It creates businesses, jobs, and innovation.