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GA CRCT SS Chapter 1
Vocabulary from Chapter 1 of 7th grade Coach Book
| Question | Answer |
|---|---|
| Government | The system it uses to make laws and run the country |
| Unitary System | The central government decides which powers to grant to local governments |
| Constitution | a document stating the basic laws that govern a country |
| Federal System | in which power is shared more evenly between the central government and the goverment of states or provinces |
| Confederation | a voluntary association of states in which the states have more power than the central government |
| Autocratic Government | power lies in the hands of a single leader |
| Authoritarian | citizens play a small role in government |
| Oligarchic Government | similar to autocratic but ruled by a few people |
| Democratic Government | active citizen participation |
| Presidential system | the executive branch is headed by the president, while the legislative branch is headed by Congress. The president is independent of Congress. |
| Cabinet | a group of people who advise the president |
| Parliamentary System | a form of government in which the executive branch is not as independent of the legislative branch as it is in a presidential democracy. The leader of the government is usually the prime minister. |
| Prime Minister | the leader of the government in a parliamentary system |
| Trade | the exchange, purchase, or sale of goods and services |
| Exports | a produc a coutry sends to another country |
| Imports | a product a country buys from another country |
| Specialization | a country produces goods that is able to make efficiently |
| Trade Barriers | something that limits what a country can trade and to whom |
| Tariff | a tax on imports |
| Import Quota | a limit on the number of goods that can be imported from a certain country |
| Embargo | a ban on trade with a certain country |
| Free Trade | trade without tariffs or other trade barriers |
| Currency | a system of money |
| Currency Exchange Rate | compares one country's currency to another |
| Economy | the way in which people meet their needs through the production, distribution, and use of goods and services |
| Traditional Economy | an economic system based on traditions, routines and beliefs |
| Command Economy | an economic system where the central government has all the power |
| Consumer | a person in an economy who buys and uses goods and services |
| Market Economy | an economic system managed by the people |
| Mixed economies | an economic system where the government has some but not all the power. |
| Income | money that comes in or is earned on a regular basis. |
| Spend | to pay money for things you need |
| Budget | a plan for spending and saving money |
| Luxuries | something we want but do not need |
| Necessities | something people need |
| Saving | setting money aside for later use |
| Interest | a charge a bank pays you to use your money |
| Compound Interest | earning interest on interest |
| Credit | money you borrow from a bank |
Created by:
sfricks
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