Government and Economic Systems Review

A legal system for assessing the amount of money made and placing value on property as a means to collect money from citizens.

• Theocracy

• Trade Deficit

• Inflation

• Tax System

When the government uses tax money to provide universal healthcare but allows private businesses to operate freely, this is an example of:

• Communism

• Capitalism

• Socialism

• Traditional Economy

A government based on a document that outlines citizens' rights, allows people to vote, and has separate branches of power is a:

• Constitutional Democracy

• Theocracy

• Oligarchy

• Fascism

When public schools receive different funding based on local property taxes, creating better-resourced schools in wealthy areas, this reflects:

• Traditional Economy

• Trade Deficit

• Socio-Economic Status

• Supply & Demand

A country where one leader has complete control, citizens have no rights, and the government controls every aspect of life is called:

• Constitutional Democracy

• Totalitarian/Authoritarian

• Aristocracy

• Theocracy

The difference between a CEO making $10 million per year while entry-level workers make $30,000 represents:

• Trade Deficit

• Income Distribution

• Economic Interdependence

• Inflation

A philosopher who focused on class struggle between workers and owners, and how this conflict shapes society, was promoting:

• Capitalism

• Fascism

• Marxism

• Democracy

The resources needed to produce goods and services, including natural resources, human work, money, and business skills are collectively known as:

• Supply & Demand

• Economic Resources/Factors of Production

• Income Distribution

• Trade Deficit

In this system, the government owns all factories, farms, and businesses, and makes all economic decisions for the country:

• Capitalism

• Mixed Economy

• Communism

• Traditional Economy

A state passes laws requiring specific ID types that many minority communities don't have easy access to obtain. This practice is an example of:

• Economic Interdependence

• Constitutional Democracy

• Voter Suppression

• Income Distribution