types of government

Question 1

an economic system in which the state determines production, distribution, and price decisions, and property is government owned

Answer 1

Socialistic economy

Question 2

Government assurance of particular outcomes or results

Answer 2

Substantive guarantees

Question 3

Government assurance of particular outcomes or results

Answer 3

Procedural guarantees

Question 4

an economic system in which the market determines production, distribution, and price decisions, and property is privately owned

Answer 4

Capitalist economy

Question 5

an economic system in which the market makes all decisions and the government plays no role

Answer 5

Laissez-faire capitalism

Question 6

systems based on modified forms of capitalism tempered by substantive values

Answer 6

Economic

Question 7

a mixed economy that combines socialist ideals with a commitment to democracy and market capitalism, keeping socialism as its goal

Answer 7

Democratic socialism

Question 8

a mixed economy that uses the democratic process to bend capitalism toward socialist goals (like more equality) Social democracy

Answer 8

Social democracy

Question 9

a market system in which the government intervenes to protect rights

Answer 9

Regulated capitalism