Texas Studies Weekly Unit 2 Vocab. Quiz 6th

In which system of government does the government own everything and decide what each person needs?

• free enterprise system

• specialized system

• democratic system

• communist system

The products that are sold outside of a country are called the country's...

• Exports

• Imports

• Supply

• Demand

Items that are brought into a country to be sold are called...

• Supply

• Demand

• Imports

• Exports

All the making, buying, selling, and trading in a country makes up a country's...

• Democratic process

• Economy

• Embargoes

• Tariffs

This type of democracy has a main leader and other branches of government; citizens vote on the main leader

• Mixed democracy

• Parliamentary democracy

• Presidential democracy

• Autocracy

An economy where the government does not play a role is called a...

• Command economy

• Supply economy

• Mixed economy

• Market economy

When the government controls the trade in a command economy, it is called ___________ trade.

• involuntary

• voluntary

• shared

• quota

Market economies rely on the principles of _________ and ___________.

• exports and embargoes

• specialization and tariffs

• supply and demand

• traditional and literacy

The percentage of adults that can read in a country is called the country's...

• gross domestic product (GDP)

• literacy rate

• exchange rate

• command economy

A type of government system where the people share in the power, by voting, going to town meetings, etc.

• democracy

• socialism

• monarchy

• dictatorship