Unit 3 Government and Economics Review

Front

Which type of economic system best describes the list below?
--customer appreciation sales and coupons
--based on wants and needs
--entrepreneurship
--for profit

Back

Free Market (Free Enterprise) Economy

Front

Which type of economic system best describes the following characteristics?

• --Government has FULL control over farms
• --Government sets production quantities
• --Government controls factories

Back

Command Economy

Front

What kind of economy is characterized by strict quotas set by the government that must be met every 3 years?

Back

Command (Communist) Economy

Front

Which type of government best describes the list below?

• --power is taken by force. --the people have no say and no vote. --the government is unlimited. Ex: Cuba

Back

Dictatorship

Front

Which type of government best describes the list below?

• --one person rules
• --they become a leader through heredity (family) Ex: Saudi Arabia

Back

Monarchy

Front

Which type of government best describes the list below?

• --government is based on a specific religion Ex: Iran

Back

Theocracy

Front

If Saudi Arabia reduced their production of oil, what would likely happen to gas stations here in the USA?

Back

Their gas prices would increase.

Front

What is the study of how individuals and societies satisfy their unlimited wants with limited resources?

Back

Economics

Front

Which conclusion is supported by the data on the chart? Options: Country W has the best healthcare., Country X has a better education system., People in Country Y live the longest., Country Z has the smallest population.

Back

Country W has the best healthcare.

Front

Which of the countries in the chart has the best healthcare?

Back

Country W