Culture, Government, and Economy Review

Culture should be ....

• hidden
• ignored
• respected
• feared

Economics is NOT...

• The study of money
• The study of how people meet their wants and needs
• The study of choices people make

Government is....

• A group of people who have the power to make and enforce laws 
• the study of money
• the study of features of the earth
• the top official in a country

What phrase best describes a traditional economy?

• No Regulation
• Some Regulation
• Culture Impacting
• Government Controlling

What phrase best describes a command economy?

• No Regulation
• Some Regulation
• Culture Impacting
• Government Controlling

What phrase best describes a market economy?

• No Regulation
• Some Regulation
• Culture Impacting
• Government Controlling

What phrase best describes a mixed economy?

• No Regulation
• Some Regulation
• Culture Impacting
• Government Controlling

Which of the following is NOT one of the 3 basic economic questions?

• What should be produced?
• When should it be produced?
• How should it be produced?
• Who will use what is produced?

In a communist form of government....

• the people are ruled by a king or queen
• the government owns all property and makes all economic decisions
• one person has all of the political power
• all citizens vote directly to elect leaders and make laws

In a monarchy form of government....

• the people are ruled by a king or queen
• the government owns all property and makes all economic decisions
• one person has all of the political power
• all citizens vote directly to elect leaders and make laws