Economic Systems and Government

Front

True or false?

Power belongs to a dictator in a democracy.

Back

False

Front

True or false?

Monarchs are born into power and can rule in an absolute or constitutional monarchy.

Back

True

Front

True or false?

In Greek, oligarchy means rule by the people.

Back

False

Front

Which type of government is also called an Authoritarian government? 

Back

Dictatorship

Front

The word "social" is often used when referring to concepts related to people and ____________.

Back

society

Front

Which economic system is most likely to use supply and demand to determine the prices of goods and services?

Back

Market

Front

In which economic system are factors of production controlled by culture, beliefs, and habits of a society?

Back

Traditional

Front

True or false?

Today, most countries would call their economic system a mixed economy. 

Back

True