Social Studies Governments and econimacal stuff Flashcards
What government is run by kings or queens
Monarchy
Which type of government has only a few people who control political power?
Oligarchy
Which types of government involves leaders gaining power through violence?
Dictatorship
Which types of government give ordinary people the most choice in how the government runs?
Direct democracy
Which types of government give ordinary people the least choice in how the government runs?
dictatorship
In which type of government do the leaders have the most power?
Dictatorship
How do people participate in their government in each of the following: Direct Democracy, Representative Democracy, Dictatorship, Oligarchy, Absolute Monarchy, Constitutional Monarchy
Direct Democracy: Vote
Representative Democracy:to vote on representatives.
Dictatorship: Respect the leader
Oligarchy:No role
Absolute monarchy: no role
Constitutional monarchy: Vote for people in diet.
Explain the difference between a direct democracy and a representative democracy.
In a direct democracy everyone in the area votes on everything for the law, while a representative democracy people vote for people to vote for them in the government.
Explain the difference between a constitutional monarchy and an absolute monarchy.
A constitutional monarchy the king and queen follow a constitution as a leader, while a absolute monarchy the king and queen don’t have to follow any rules.
What does Standard of Living mean?
A measure of wealth,comfort, material goods and necessities available to a person.
Why does voluntary trade increase standard of living?
allows power to be distributed between the consumers and the producers to prevent imbalance.
Why does currency need to be exchanged in international trade?
change the real cost of the supplies that are purchased
What is an externality?
An externality is when a business or commercial deal happens between two people but has a side effect on a third person who was not part of the exchange.
What is an example of a positive and a negative externality?
A negative externality is like if a business is in a construction site and all the sound of the building is driving the customers away. A positive externality is when a business is next to a flower store and their own business sells flower potting dirt.
