Government and Economics Review

A country that has aspects of a market economy plus a command economy is called a

• Market Economy

• Command Economy

• Mixed Economy

• Traditional Economy

Which form of government has a leader that answers to the legislature and is often referred to as a Prime Minister?

• Presidential Democracy

• Parliamentary Democracy

Which of the following is a characteristics of a Presidential Democracy?

• Leader answers to the people

• They have a president

• Citizens elect the leader

• All of the above

The central government or an individual holds the power

• Democracy

• Autocracy

What is the rule for democracy

• Rule of One

• Rule of All

What is the rule for autocracy?

• Rule of One

• Rule of All

Which of the following is a type of autocracy?

• Dicatatorship

• Presidential Democracy

• Parliamentary Democracy

Which of the following is a disadvantage of a command economy?

• Citizens own everything

• Citizens have the say so

• Citizens have limited choices and freedoms

Who or what answers the economic questions of “What to Produce? How to Produce? For Whom to Produce?” in a traditional economy?

• The past

• Your culture

• What your ancestors did

• All of the above

Who or what answers the economic questions of “What to Produce? How to Produce? For Whom to Produce?” in a mixed economy?

• Producers

• Consumers

• A blend of Government

• All of the Above