Virtual Snow Day: Review Political and Economic Systems

Vocab Review: Types of Government and Economic Systems

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​Political System: type of government

Examples: monarchy, democracy, dictatorship, theocracy, oligarchy, anarchy

Subject | Subject

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Types of Government

​Monarchy

Government ruled by a King or King

Crown is passed down through a family line

Absolute Monarchy: complete control

Constitutional Monarchy: power shared with a legislative body

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Types of Government: Democracy

Government by the people

People vote and officials are elected to office

Representative Democracy: voters elected representatives to make laws for them

Direct Democracy: all decisions are made by people - citizens are directly involved in lawmaking

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Types of Government

​Dictatorship

Ruler has complete or total control

Dictators can take power by force, coup de tat (overthrow), election, or passed down through a family line.

Few rights and freedoms are given to citizens

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Multiple Choice

Who is a monarchy ruled by?

• Dictator

• The People

• Queen or King

Multiple Choice

Who is a democracy ruled by?

• Dictator

• The People

• Queen or King

Multiple Choice

Who is a dictatorship ruled by?

• Dictator

• The People

• Queen or King

Multiple Choice

Who is a dictatorship ruled by?

• One leader in complete control

• The People

• Queen or King

Multiple Choice

How does a monarch come to power?

• Overthrow the government or by force

• Passed down through the family line

• Elected by the people

Multiple Choice

How does a leader in a democracy come to power?

• Overthrow the government or by force

• Passed down through the family line

• Elected by the people

Multiple Choice

How does a dictator come to power?

• Overthrow the government or by force

• Passed down through the family line

• Elected by the people

• All of the choices

Multiple Choice

How does a monarch use their power in an absolute monarchy?

• They have absolute or complete control over their subjects

• They share their power with a governmental body (Parliment)

Multiple Choice

How does a monarch use their power in a constitutional monarchy?

• They have absolute or complete control over their subjects

• They share their power with a governmental body (Parliment)

Multiple Choice

What is a direct democracy?

• Citizens elect representatives to create and pass laws for them

• Citizens are directly involved in the lawmaking process - they create and vote on laws for themselves

Multiple Choice

What is a representative democracy?

• Citizens elect representatives to create and pass laws for them

• Citizens are directly involved in the lawmaking process - they create and vote on laws for themselves

Multiple Choice

How do dictators use their power?

• Citizens have say over how the government uses their power

• Dictators share their power

• Dictators have complete control over their citizens

Standard of Living: the degree of wealth and material

comfort available to a person or a community

Economic Systems: How societies or governments produce
and distribute resources, goods, and services

Market Economy: an economic system where decisions
are made voluntarily between buyers and sellers

Command Economy: economic system where the government
owns all businesses and controls production and prices

Mixed Economy: an economy with elements of both
market and command - private & public

Example: U.S. - means of production are privately owned but there are also
government regulations/rules

Mixed Economy

Public Sector: Government Agencies - provides services to public

Private Sector: Big and Small Businesses, private savings - individuals

Subject | Subject

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Multiple Choice

Who controls a command economy?

• Businesses

• Buyers

• Government

• Sellers

Multiple Choice

Who is in control of a market economy?

• Government is in control of everything

• Buyers and Sellers make all economic decisions

• It is a mix of command and market economies

Multiple Choice

What is a mixed economy?

• Government is in control of everything

• Buyers and Sellers make all economic decisions

• It is a mix of command and market economies

Multiple Choice

What are some problems command economies face?

• Resources are not evenly divided

• Needs of people are ignored due to poor planning

• Lack of innovation because there is no competition

• All the choices

Multiple Choice

Why do command economies fail?

• There is no competition or incentive to innovate new ideas and products

• Governments are corrupt and make poor decisions

• Not producing the right products, not enough workers, or having workers in the wrong industry

• All the choices

Multiple Choice

How are people treated in a market economy?

• People have no rights or freedoms

• People can own private property: land or businesses. People gets lots of freedom and choice.

• Government owns everything

Multiple Choice

What is the public sector?

• Government Agencies

• Big and small businesses & private saving's

Multiple Choice

What is the private sector?

• Government Agencies

• Big and small businesses & private saving's

Multiple Select

What role does competition and profit play in a market economy? (2 choices)

• There is no profit

• There is no competition

• Businesses want to make more money than they spend

• Businesses compete against each other to sell more and have more customers

Multiple Choice

What type of economy does the U.S. have?

• Command

• Mixed

• Market

• Socialism

Capitalism: economic system based on the production of
goods for a profit and the private ownership of property
and wealth; promotes competition

Communism: political and economic system where the
government owns all property and makes all economic
decisions

Socialism: economic and political system that aspires to a
classless society in which everyone owns the means of
production

Multiple Choice

Which type of economic system supports a limited government and wants the economy to operate without any restrictions or regulations?

• Capitalism

• Socialism

• Communism

Multiple Choice

Which type of economic system wants to get rid of the gap between the rich and the poor?

• Capitalism

• Socialism

• Communism

Multiple Choice

Which type of government is somewhere between capitalism and communism?

• Capitalism

• Socialism

• Communism

Multiple Choice

Which type of economic system has tried to provide services such as housing, employment, healthcare, and education to all?

• Capitalism

• Socialism

• Communism

Multiple Choice

Which type of economic system was designed to replace capitalism, where the government is in complete control?

• Capitalism

• Socialism

• Communism

Multiple Choice

Which type of economic system supports private ownership and competition?

• Capitalism

• Socialism

• Communism

Multiple Choice

Capitalists believe competition is good for society.

• True

• False

Multiple Choice

Capitalists believe wages and prices should be determined by the government.

• True

• False

Multiple Choice

There is no purely capitalist or communist economy in the world today.

• True

• False

Multiple Choice

Socialists want to get rid of private property and have everything be controlled by the government.

• True

• False

Multiple Choice

Socialists want there to be limited government and for the laws of supply and demand to determine wages and prices

• True

• False