Government types and econ

The amount of products that a company has to sell is known as its

• supply

• demand

• price

The level in which customers want and are willing to pay for a product/service is known as

• supply

• demand

• price

• inventory

When the supply goes down, then demand will usually go

• up

• down

• stay the same

If the demand for a product or service increases, then the price will likely

• increase

• decrease

• stay the same

If a company has too much supply of a product, that company can increase demand for the product by _______ the price.

• increasing

• decreasing

• keeping

In this type of government, people vote directly for all laws that are made for that society.

• Representative democracy

• Dictatorship

• Oligarchy

• Direct democracy

In this type of government, citizens vote in elections to elect leaders. These leaders work together to create laws for the society.

• direct democracy

• representative democracy

• dictatorship

• totalitarian

In this type of government, the leader is typically is a military leader who takes control by force; citizens have little voice in this type of government.

• Direct democracy

• representative democracy

• dictatorship

• oligarchy

• representative democracy

• direct democracy

• authoritarian

• anarchy

• dictatorship

• anarchy

• oligarchy

• democracy