Chapter 4 Flashcards

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1
Q

what is unitary system

A

gives all the key power to the national government

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2
Q

what is federal system

A

divides power between national and state government

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3
Q

what is an autocracy

A

ruled by one person

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4
Q

what is the oldest and most common form of government

A

autocracy

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5
Q

what are the examples of a totalitarian dictator

A

king jong un, adolf hitler, and joseph stalin

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6
Q

what is the example of an absolute monarchy

A

saudi arabia

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7
Q

what is an oligarchy

A

ruled by a few people

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8
Q

what does the word democracy come from

A

the greek words “demos” and “kratia”

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9
Q

what is a direct democracy

A

the people decide on every issue. an example is ancient greece and ancient rome

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10
Q

what is a representative democracy

A

we elect people, with limited terms, to represent us

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11
Q

what is traditional economy

A

habits and customs determine the rules of economics, not customer preference

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12
Q

what is a mixed economies

A

the government supports and regulates free enterprise and free entry

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13
Q

what is command economy

A

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

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14
Q

how many independent countries are there

A

200

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15
Q

what are the three main goals of socialism and communism

A
  1. equal distribution
  2. societys control of all major decision
  3. public ownership
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16
Q

why is communism bad

A

if the government controls all aspects of a market, then consumers will not be innovative or produce what people want. as a result choices and economics will stagnate.

17
Q

what are the barriers of trade

A

taxes, quotas, and embargoes

18
Q

what is NAFTA and who is involved in it

A

north american free trade agreement; US, Mexico, and Canada

19
Q

what type of the government and economic system is the best

A

i think the democracy is the best because people get to decide on who represents them, also i think the mixed economy is the best because the government and the people have input on what is produced

20
Q

did the europeans have their own NAFTA

A

yes many european countries formed together and created the european union and they all share the same currency, the euro