Forms of Gov./Econ Benchmark

In a democracy, from where does the power to govern come from?

• the claim to divine right

• ownership of the land

• the citizens/people being goverened

• hereditary rights

In Marilyn's country citizens vote for the political party they prefer over the others. The parties then appoint members to the national legislature based on how many votes they received. The legislature then appoints an executive to enforce laws enacted by legislature. Based on this information, what conclusion can be drawn about Mariyln's country?

• Parliamentary Democracy

• Presidential Democracy

• Constitutional Monarchy

• Absolute Monarchy

In Patrick's country the president is very powerful. There is a senate in which citizens are elected to serve, but it can only advise the president. THE PRESIDENT MAKES ALL DECISIONS AND CONTROLS THE CIVILIAN GOVERNMENT AND MILITARY. Which answer correctly describes Patrick's country?

• Presidential Democracy

• Autocracy

• Parliamentary Democracy

• Oligarchic Government

In Martin's country there is a clear separation of powers between the executive and legislative branches of the government. Even though the executive is powerful, CITIZENS CAN VOTE on who serves as members of the legislature and who will serve as executive. Based on this information, what conclusion can be drawn about Martin's country?

• Oligarchy

• Parliamentary Democracy

• Presidential Democracy

• Absolute Monarchy

If citizens of Country X decide what goods they want to produce and for whom they want to produce them, but some goods are produced and controlled by the government, then the economy of Country X is

• Pure Command

• Pure Market

• Mixed Economy

• Traditional Economy

Why do countries engage in specialization and trade?

• To protect their economies from foreign influences

• To gain control over the economies of other contries

• To obtain the goods and services they need in the most efficient way

• To earn the highest profits on goods they produce

Russian action figure cannot be imported and sold in the United States

• quota

• embargo

• tariff

Why do countries need to have a system for exchanging currency with other nations?

• To know the value of their money compared to the value of other countries' money so they can trade goods

• To have a uniform value of currency so they can identify what the value of goods are

• To know which countries' currency has the greatest value so they can buy goods at the lowest cost

• To have international bank that converts the money of each country so countries can buy and sell goods

Why would a government invest in human capital?

• To improve skills of labor force

• To reduce competition between businesses

• To improve the technology between businesses

• To reduce prices of goods demanded by consumers

What is the BEST definition of an entrepreneur?

• an economist who studies how the economy works

• a government official who helps regulate the economy

• a bank manager who decides who should receive a loan

• a person who invests his or her resources to start a business