Ch. 4 Test Flashcards

1
Q

Governments usually vary by _________.

A

culture

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2
Q

Describe a unitary system.

A

gives all key power to the national or central government

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3
Q

Describe the federal system.

A

divides power between state and national government

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4
Q

Describe an autocracy.

A

ruled by one person and is the oldest and most common form of government

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5
Q

Describe a totalitarian dictatorship and give an example.

A

one person controls all aspects of life (Adolf Hitler)

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6
Q

Describe an absolute monarchy and give an example.

A

complete and unlimited rule over their people (Saudi Arabia) and is rare today

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7
Q

Describe an oligarchy and list an example.

A

ruled by few (China)

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8
Q

What is a Democracy?

A

ruled by the people

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9
Q

What does “democracy” mean?

A

“demos” is Greek for “people”

“kratia” is Greek for “rule”

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10
Q

Describe a direct democracy and list an exapmle.

A

the people directly decide on issues (no representatives)

nonexistent today

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11
Q

What is a republic (list an example)?

A

voters elect major officials (USA)

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12
Q

What are the three economic decisions?

A
  1. ) What and how many goods and services should be produced?
  2. ) How should they be produced?
  3. ) Who gets the goods and services provided?
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13
Q

Describe a traditional economy.

A

habit and customs determine rules (what’s good for ancestors is what’s good for you!)

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14
Q

What is a market economy?

A

individuals and private groups make decisions about what to produce and the people choose what to buy

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15
Q

What is free enterprise/ capitalism?

A

the idea that private individuals or groups have the right to own property or businesses to make a profit

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16
Q

Describe a mixed economy.

A

where the government supports and regulates free enterprise to keep competition fair

17
Q

What is a command economy?

A

the government owns or directs the means of productiona and controls the distribution of goods

18
Q

What are the three main goals of socialism and communism ?

A
  1. ) equal distribution fo wealth and economic opportunity
  2. ) society controls, through its government, of all major decisions about production
  3. )public ownership of most land, factories, and other means of production
19
Q

What is free trade?

A

no barriers on trade

20
Q

What countries in North America practice free trade?

A

US, Mexico, Canada (NACTA-North America Free Trade Association)

21
Q

Does Europe practice free trade? Explain.

A

????????

22
Q

Explain communism and some disadvantages about it.

A

requires strict government control of almost the entire society and economy (Russia). This could result in an economic decline because the consumers will not get the products they want

23
Q

Describe socialism.

A

an economic system that allows wider range of free enterprise alongside government-run activities

24
Q

There are around _____ countries today/

A

200