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Govt./Econ. Terms
GA Standards SS7CG1,4,6 and SS7E5,6
| Term | Definition |
|---|---|
| one central government controls everything | unitary system |
| voluntary association of nations; can choose to give power to central govt. | confederation |
| power shared between central government and states or provinces | federal system |
| voters choose 2 branches of government | Presidential democracy |
| voters choose only the legislative branch | Parliamentary democracy |
| all the people have power in the government | democracy |
| only one person has the power; monarch or dictator | autocracy |
| only a few people have a say in the government; they belong to the group who has the power | oligarchy |
| a leader who takes power by force and rules by force | dictator |
| system of government with the strongest central government | unitary |
| system of government with the weakest central government | confederation |
| another name for a king or queen | monarch |
| in a Parliamentary democracy the legislative branch is usually called _____ | Parliament |
| what we call our legislative branch | Congress |
| the leader in a Parliamentary democracy is called a ________ _______ | Prime Minister |
| the leader in a Presidential democracy is called a __________ | President |
| in a Parliamentary system, which branch has the most power? | Legislative |
| in a Presidential democracy, which branch has the most power? | they are equal (judicial, executive, and legislative); checks and balances |
| the power sharing system we have in the US where the central government and states share power | Federal System |
| a type of democracy where voters would vote on ALL issues | direct democracy |
| a type of democracy where voters choose people who do some of the government work for them | representative democracy |
| a government ruled by religion or religious leaders | theocracy |
| a legal member of a country with rights and duties | citizen |
| a state of disorder due to absence of authority | anarchy |
| a violent overthrow of government in favor of a new system | revolution |
| an economy where decisions are made by individuals; business owners and consumers | market economy |
| the concept that controls a market economy; scarcity and demand create higher prices | supply and demand |
| the type of economy where people supply their own needs by following culture roles and customs | traditional economy |
| the economic decisions are made by the government | command economy |
| any government policy that restricts the free exchange of goods between countries | trade barrier |
| the rare mixture of qualities needed to start and run a business | entrepreneurship |
| a tax on imported goods | tariff |
| a limit on the number or amount of goods that can be imported | quota |
| restriction on trade that is intended to achieve a political purpose | embargo |
| the type of economy most countries have with some free enterprise and some govt. control | mixed economy |
| total $ value of all goods and services produced in a country in a year | GDP |
| the formula that tells what one currency is worth in another | exchange rate |
| another name for a country's money | currency |
| the organization that controls world's oil supply, thereby controlling prices | OPEC |
Created by:
deanfam
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