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68 Cards in this Set
- Front
- Back
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Things that we want or need |
Goods |
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What are some examples of goods |
Things that can be used or consumed and touched or held such as books clothing food computer lawnmower |
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Involve the work that’s done to provide some thing wanted or needed |
Services |
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What are some examples of services available |
Education such as teacher, health such as the doctors, communication, customer service, waitresses and waiters |
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A measure used to evaluate the health of a country’s economy |
Gross domestic product or GDP |
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The total value of the goods and services produced in a country during a specific period of time usually a year |
The gross domestic product |
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People grow and make all the things they need to live |
Traditional economic system |
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People on their own business and set the cost of the goods |
Market economic system |
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The government owns and controls businesses and sets cost of goods sold |
Command economic system |
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A combination of traditional, market, and command economies. USA is an example |
Mixed economic system |
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What are the three basic questions that economic systems have to answer |
1. What to produce 2. How to produce 3. For whom to produce
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What are for factors of production that influence economic growth within a country |
Natural resources, human capital, capital goods, and entrepreneurship |
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All of the things found in or on the earth gifts of nature |
Natural resources |
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All the skills, talents, education and abilities that human workers possess and the value that they bring to the market place |
Human capital |
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What are two types of natural resources |
Non-renewable and renewable |
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What are examples of natural resources |
Land, water, sun, plants, time, air, Minerals, oil |
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What can affect human capital |
A country’s literacy rate |
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All of the goods that are produced in the country and then used to make other goods and services |
Capital goods |
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What are examples of capital goods |
Tools, equipment, Technology, computers, lumber |
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People who provide the money to start and operate a business |
Entrepreneurs |
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Bring together natural, human, and capital resources to provide foods or services to be provided by their business |
Entrepreneurship |
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True or false The higher a countries gross domestic product the better standard of living for the people within the country |
True |
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Citizens have a very limited role in government one person has all the power |
Autocracy |
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Supreme power is vested in the people and exercised by them directly or indirectly through a system of representation involving free elections |
Democracy |
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One person rolls for life usually as a result of inheriting the position as a member of a certain family power may or may not be limited |
Monarchy |
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One person rolls the nation with no limits on his power and does whatever he wishes |
Dictatorship |
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Those who ruled you so because they are members of a particular religious faith |
Theocracy |
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Citizens elect members of parliament and then the member select the leader the leader works with or through the legislature |
Parliamentary |
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Systems of government in which the leader is constitutionally independent of the legislature |
Presidential |
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Citizens directly elect leader who work separately from legislature |
Presidential |
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And parliamentary democracy is the legislature or parliament holds much of the power and Elects Who to be the chief executive |
Prime Minister |
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In a parliamentary democracy who represents the country at ceremonial functions but typically holds very little real power |
Head of state |
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In countries with presidential democracy power is divided between separate what |
Executive and legislative branches |
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And a presidential democracy who is elected by the people and also acts as the head of state in some cases |
The chief executive |
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The head of government this is a country’s top powerful official who manages the day-to-day activity of the government |
Chief executive |
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Leader who officially represents the nation during ceremonial events but in reality holds very little political power |
Head of state |
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In the past the United Kingdom was a powerful what |
Monarchy |
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In the United Kingdom who is the chief executive of the national government that holds the most political power |
Prime Minister |
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In the United Kingdom who is the head of the state who performs mostly ceremonial duties and hold a little political power |
Monarch |
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In the United Kingdom how our leaders chosen |
The Prime Minister is elected by members in parliament from the majority party Citizens elect members of parliament and then the members of parliament vote for the Prime Minister |
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How is the British monarch chosen |
It is a position inherited through the family line |
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The United Kingdom’s bicameral legislature is called what |
Parliament |
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The two houses of legislature in the United Kingdom are called what |
The house of lords in the house of commons |
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What role do the citizens of the United Kingdom have in selecting the leaders |
Citizens do not directly elected leader only members of the house of commons Citizens can choose representatives from many political parties |
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What kind of government does the UK have |
Parliamentary democracy |
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In Germany who is the powerful chief executive and head of the military |
Chancellor |
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In Germany who is the official head of the state and has very little power |
President |
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In Germany how Is the chancellor chosen |
The leader of the majority party in Germany is legislature indirectly elected by the German people |
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In Germany how is the president chosen |
A special committee of representatives from the legislature appoint the president |
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Germany’s bicameral legislature is called what |
Parliament |
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What are the two houses in Germany called |
Bundestag Bundesrat |
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Who Elects members of the houses in Germany |
Citizens age 18 or older elect members to both houses |
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Who elects the chancellor in Germany |
Members of the Bundestag house |
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What type of government does Germany have |
Parliamentary democracy |
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Germany’s constitution establish rights and personal freedoms for German citizens including freedom of speech and religion equal rights for women and equal education for all |
Basic law |
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In the past what kind of Government did Russia have |
Communist |
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What kind of government does russia have now |
Presidential democracy |
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In Russia who is the chief executive with the most political power |
The president |
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In Russia the president can do what |
Issued orders without approval of the legislature And appointment and government officials including the Prime Minister |
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In Russia who is the head of state and helps with the day-to-day running of the government |
The Prime Minister |
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In Russia how is the president chosen |
Directly elected to serve by the citizens for a six-year term term |
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How is the Prime Minister and Russia elected |
The president then appoints a Prime Minister to be had a state |
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Russia’s legislature is called what |
Federal assembly |
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Rash is federal assembly includes two houses called what |
Federation council and the state duma |
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And Russia how our representatives elected to the state duma |
Citizens vote |
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In Russia members of the federal counselor are elected how |
They are appointed by Rush as many lower district governments |
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Russia has What kind of government |
Presidential democracy |
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In Russia what role do the citizens have in government |
Citizens age 18 and older are free to vote or run for office They have a lot more influence over the government today then they did many decades ago |
