Ch.4 Sections 3-4

Question 1

What is a unitary system?

Answer 1

Gives all power to the central government. Sometimes they create state governments.(UK, France)

Question 2

What is a federal system?

Answer 2

Divides power between state a national government(USA)

Question 3

What is autocracy?

Answer 3

Ruled by one person. The oldest and most common

Question 4

What is a totalitarian dictatorship? What are three examples of this?

Answer 4

Desire to control everything; Hitler-nazi Germany, Mussolini-France, Stalin-Russia

Question 5

What is an absolute monarch?

Answer 5

Complete and total rule of people-unlimited power(Saudi Arabia)

Question 6

What is a oligarchy?

Answer 6

Rule by a group of people(communists parties-China)

Question 7

What is democracy and what Greek word does it come from?

Answer 7

Rule by the people; “demos-people kratia-rule”

Question 8

What us direct democracy?

Answer 8

No longer exists and it’s where people decide by very voting directly

Question 9

What is a republic?

Answer 9

Where the people elect others to represent us with limited terms(US)

Question 10

What are the three decisions in economic systems?

Answer 10

1) what and how many goods and what services should be produced
2) how many goods should be produced
3) who gets the goods and services produced

Question 11

What is a traditional economy?

Answer 11

Based on habits and customs not consumer preferences

Question 12

What is market economy?

Answer 12

Individuals and private groups make decisions about what to produce. People choose what to buy and businesses sell items based on consumer preferences

Question 13

What is a mixed economy?

Answer 13

It’s where the go verdant supports and regulates free enterprise

Question 14

What is the goal of mixed economy?

Answer 14

Keep competition fair and have free entry

Question 15

What is a command economy?

Answer 15

Government owns or directs the means of production and controls the distribution of goods; looks good on paper, has been bad on practice so far

Question 16

What are the three main goals of socialism and communism?

Answer 16

1) equal wealth and economic opportunity
2) societies control, through the government, of all major decisions about production
3) public ownership of most land, factories, and other means of production

Question 17

What will happen if government controls all aspects of a market?

Answer 17

Consumers will not be innovative or produce products people will want. As a result, choices and economics will stagnate(China?)

Question 18

What is the idea of the barriers to trade?

Answer 18

Governments add taxes on imported goods, add quotes on how many goods can be imported, place embargoes banning goods from other countries as punishment(political/economic)

Question 19

What is NAFTA?

Answer 19

North American Free Trade Agreement-US, Mexico, and Canada

Question 20

What is the European Union?

Answer 20

Many European countries share the same currency, the euro

Question 21

How many independent countries are there?

Answer 21

200