Unit 3 Vocab Words

Front

What is a tariff?

Back

A tax on imported goods.

Front

Quota definition

Back

Limit on goods imported from a country.

Front

Embargo:

Back

A ban on all trade with a specific country.

Front

Gross Domestic Product

Back

Total value of goods and services produced in a country in one year.

Front

OPEC: Created by Iran, Iraq, Saudi Arabia, Kuwait, and Venezuela.

Back

An organization to keep the oil market stable.

Front

Presidential Democracy:

Back

Executive power elected separately from the Legislature.

Front

Parliamentary democracy:

Back

Voters elect the legislature, then it appoints a Prime Minister.

Front

Bicameral:

Back

2 legislative chambers

Front

Unicameral definition

Back

Having 1 legislative chamber

Front

Autocracy: Government power held by one with absolute authority.

Back

Government power is held by a person with absolute power.