Economic Systems and Forms of Government

Front

Which economic system provides the most economic freedom and provides a higher standard of living? Options: Socialism, Capitalism, Totalitarian, Communism

Back

Capitalism

Front

A representative democracy is when the government_____________

Back

is led by elected officials that reflect the ideas of citizens.

Front

Which is an outcome of this type of economic system?

Back

Many people enjoy economic freedom and high standards of living.

Front

What is one advantage of the American Constitutional Republic?

Back

The conduct of government officials and citizens must align with the rule of law.

Front

The list displays characteristics of a form of government.
- Led by religious leaders
- No separation of church and state
- Government claims to be divinely blessed

Which form of government is best described by the list?

Back

Theocracy

Front

Which statement identifies an advantage of capitalism over government-controlled economic systems in raising standards of living?

Back

Profit helps to produce and develop new technologies.

Front

Which statement best describes a socialist economy? Options: Private businesses provide all goods and services. Taxes are low, but government services are extremely limited. The government owns several basic industries and provides many services at no cost. Private property is abolished and all goods and services are provided to citizens by the government.

Back

The government owns several basic industries and provides many services at no cost.

Front

Unlike some countries where a single leader holds all the power, the United States divides power among different branches of government. Which principle of a constitutional republic is being described?

Back

separation of powers

Front

The government of the country controls all means of production. There is no private ownership of property. Which economic system is being described?

Back

Communism

Front

Which economic system best describes a country with a strong focus on social welfare, where the government directly owns and operates key industries like healthcare and education, providing services for all citizens paid for by higher taxes?

Back

Socialism