Lesson 2

Question 1

is an organized political community acting under a government and united by
common set of laws.

Answer 1

State

Question 2

is the primary form of economic subsistence of a state wherein
standardized currencies are being used to exchange commodities.

Answer 2

Market Exchange

Question 3

States differ in ___, ___, ___, and ____.

Answer 3

sovereignty, governance, geography, and interests.

Question 4

is
the particular group of people that controls the state at a given time.

Answer 4

government

Question 5

Elements of State

Answer 5

1. Population
2. Territory
3. Government
4. Sovereignty

Question 6

It is the people who make the state.

Answer 6

Population

Question 7

It is the organization or machinery or agency of the State which makes, implements,
enforces, and adjudicates the laws of the state.

Answer 7

Government

Question 8

It is the most exclusive elements of State.

Answer 8

Sovereignty

Question 9

differ in who holds power and in how control they assume over those who govern

Answer 9

Authoritarian governments

Question 10

is a form of government in which supreme power is
absolutely lodged with an individual, who is the head of the state, often for life or
until abdication

Answer 10

Monarchy

Question 11

The person who heads a monarchy

Answer 11

Monarch

Question 12

is a political system that strives to regulate nearly every
aspect of public and private life.

Answer 12

Totalitarianism

Question 13

is a form of government in which power effectively rests with a
small-elite segment of society distinguished by royalty, wealth, family, military, or
religious hegemony.

Answer 13

Oligarchic Government

Question 14

is a government by divine guidance or by official who are regarded
as divinely guided.

Answer 14

Theocracy

Question 15

is a form of government in which the right to governs is held by the
majority of citizens within a country or a state. T

Answer 15

Democracy

Question 16

is a financial institution licensed to provide several financial services to
different types of customers.

Answer 16

Bank

Question 17

Forms of Bank

Answer 17

1. Commercial Banks
2. Investment Banks

Question 18

it is a form of business operation that declares the business as a separate
entity guided by a group of officers known as the Board of Directors.

Answer 18

Corporations

Question 19

Common types of Coorporation

Answer 19

1. For-profit entities
2. Not-for-profit entities

Question 20

are business organization that extends
ownership, management, production, and sales activities into several or more
countries. MNCs are boon to the economic growth and development of the states.

Answer 20

Multinational Corporations (MNCs)

Question 21

are people-centers enterprises owned, controlled and run by
and for their members to realize their common economic, social, and cultural needs
and aspirations.

Answer 21

Cooperatives

Question 22

are organizations formed by workers from related fields that
work for common interest of its members.

Answer 22

Trade Unions

Question 23

play an increasingly important role
in international and regional politics and have contributed to changing policies of
multilateral organizations and states.

Answer 23

Transnational Advocacy Groups (TAGs)

Question 24

serve as international catalysts for change, aiming to achieve
international changes towards policies and practices.

Answer 24

Transnational Advocacy Groups (TAGs)

Question 25

have been established to develop the cooperation between the public sector, private sector, and civil society. These are organizations with specific aims and goals.

Answer 25

Development Agencies

Question 26

Types of Development Agencies

Answer 26

1. International Organization 2. Non-government Organization

Question 27

is an institution with membership drawn from two or more countries.

Answer 27

International Organization

Question 28

is a non-profit group that functions independently of any government.

Answer 28

Non-government Organization