CH.4 ECP Flashcards

1
Q

Keynes

A

Regulated market
Govt. intervention

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2
Q

Hyek

A

Free market
No govt intervention

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3
Q

markets

A

Interaction b/w the forces of supply and demand

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4
Q

Property

A

Ownership of goods and services

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5
Q

Public Goods

A

Goods provided or secured by the state
No private person or organization can own

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6
Q

The head of govt. symbolizes + represents the people
true or false?

A

False

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7
Q

France employs which electoral system for presidential elections?

A

Majoritarian runoff elections

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8
Q

Parliamentary System

A

The head of state and head of govt are assigned to separate executive offices

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