Government | Government Continued | Economics | Trade and Money | Resources/Capital |
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What is autocracy?
Form of government where one person rules with absolute power, can be a dictator or a monarch
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What is constitutional monarchy?
When a monarch is a figurehead without much control because laws are actually enacted by the legislature this is referred to as a...
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What is economic system?
When we decide what to produce, how to produce, and for whom to produce, we are developing an...
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What is Gross Domestic Product or GDP?
A measure of the wealth of a nation calculated each year is..
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What is entrepreneur?
A person who takes a risk and uses their own money to open a business is called...
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What is parliamentary democracy?
Type of government where citizens elect only the members of the legislature, but not the chief executive directly
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What is an autocracy?
If a president decided to take over and refused to leave office the democracy would change to which type of government?
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What is command economy?
A government planning committee makes decisions in a...
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What is a tariff?
A tax on imported goods is a...
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What is physical capital or capital goods?
Buying technology, and modern equipment or buildings is an investment in...
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What is lawmakers (legislature)?
In a parliamentary democracy citizens choose...
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What is prime minister?
The leader or chief executive in the UK is called...
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What is market economy?
Using supply and demand and opening businesses based solely on what people want happens in a....
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What is embargo?
A total ban on trade, often used as a political tool is...
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What is natural resources?
Gifts of nature like sunlight or wind power, water and timber are...
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What is parliamentary democracy?
In which type of democracy can the legislature be dissolved
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What is right to vote?
Citizens have this right in a democracy
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What is command economy?
Government controls economic decisions in a ...
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What is quota?
A limit to the quantity of imports allowed in a country is a...
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What is human capital?
Developing skills and training by providing education is an investment in...
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What is democracy?
What form of government gives the power to the people
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What is anarchy?
When there is no government or laws it is referred to as...
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What is traditional economy?
Customs and traditions are the basis for this type of economy...
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What is currency?
the economic term for money is..
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What is GDP?
The higher the standard of living and literacy rate, the higher the...
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