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Gov. & Econ.Terms

Basic government and economics review

TermDefinition
The form of government where POWER is controlled by the central government authority. Unitary
When the POWER is shared by national and local/regional governments. Federal
The form of government where the POWER comes from the regional authorities TO the central authority for a specific purpose. Confederation
The European Union is a good example of the type of government system. Confederation
This type of system usually has a Prime Minister as its leader. Parliamentary Democracy
The 3 terms that tell us about DISTRIBUTION OF POWER. Unitary, Confederation and Federal
The 3 terms that tell us about CITIZEN PARTICIPATION in their government. Autocratic, Oligarchic and Democratic
This type of government system can be autocratic, oligarchic or democratic. Unitary
These 2 words (one from each list) describe the government of the U.S. Federal & democratic
A country which allows all of its qualified citizens the right to participate in government through voting. democratic
In a country with this type of government, citizens usually do not get to participate in government at all; they do not get to vote for leaders autocratic
A country with this type of government, only a few special citizens have any role in government. oligarchic
When citizens elect the leader separately from the legislature (law makers, they live in a country with this type of system. federal
In which type of democratic government do citizens vote directly for the leader? Presidential
In this type of democratic government, the citizens only vote for members of the legislature. Parliamentary
In a parliamentary democracy, who selects or elects the leader of the country? the legislature
The government decides what will be produced,how they will be produced and for whom goods will be produced in this type of economic system? command
In this type of economic system, the buyers and sellers decide what will be produced, how it will be produced and for who they will be produced? market
In this type of economic system, goods are produced and traded like their ancestors did so. traditional
All countries have this type of economic system because they have characteristics of market and command economies. mixed
Very rural areas likely use this type of system for doing business traditional
someone who invests their own money to open and operate a business entrepreneur
Entrepreneurs invest their own money in a business because they hope they will be successful and make a ________? profit
anything that stops or slows down trade is a ____? trade barrier
The type of trade barrier that limits the number of imports quota
A tax on imports tariff
the total value of all goods and services produced in one year in a country G.D.P./gross domestic product
when countries trade because it benefits both countries voluntary trade
the skills and education that workers have in order to produce goods and services human capital
trade between countries international trade
the machines and technology that worker use to make goods or services capital goods
when a country stops trading with another country because of a political reason such as war embargo
when there isn't enough of a good or natural resource scarcity
when countries do not have access to goods they need it creates __________________ between nations interdependence
the 2 protective trade barriers tariffs and quotas
when a country uses their resources to focus on producing a particular type of good or service it is called this? specialization
Created by: Anita Connally
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