Latin America Flashcard 3

Front

Power is shared between legislative and executive branches. Citizens vote for representatives and elect the chief executive. Both branches collaborate without authority over each other.

Back

Presidential Democracy

Front

Goods or services shipped from one country to another.

Back

Exports

Front

Government ruled by a dictator with little citizen input, where the leader acts without approval and typically remains in power until death, overthrow, or resignation.

Back

Autocracy

Front

Political power rests with the legislature; citizens elect its members, who choose the chief executive from the majority party. What system is this?

Back

Parliamentary Democracy

Front

Things in nature used by people.

Back

Natural Resources

Front

People providing skills, energy, talent, and knowledge for goods/services.

Back

Human Capital

Front

Economic system where people are hunter-gatherers or farmers, producing only what they need. Jobs are inherited, and trade is done through bartering.

Back

Traditional Economy

Front

Economic system with private ownership, minimal government regulation, and production driven by demand. Rewards innovation and entrepreneurship.

Back

Market Economy

Front

Economic system with private ownership & government control; common in most countries.

Back

Mixed Economy

Front

Taxes on imported goods.

Back

Tariffs