Worksheetsss 1st summative review
Total questions: 27
Worksheet time: 15mins
what is scarcity?
anything which slows down or supports trade
limited supply, opposite of abundance
amount of goods avilable
desicions made between buyers and sellers
describe a traditional economy.
most common economy worldwide today
a trade barrier
based on customs and beliefs of the past
government controls all.
describe a pure command economy.
based on customs and habits of the past
controlled by government planning groups
anything which slows or prevents trade
amount of goods available
describe a pure market economy.
desicions are made by buyers and sellers
limited supply, opposite of abundance
amount of good available
anything which slows down or prevents trade
A form of government in which ONE person rules.
Monarchy
Theocracy
Dictatorship
Democracy
A form of Government in which one or a small group of people take complete power over the people and rule by force.
Monarchy
Theocracy
Dictatorship
Democracy
A form of Government in which the people of a country rule through voting and elections.
Monarchy
Theocracy
Dictatorship
Democracy
How is power attained in a Democracy?
Power is inherited at birth
Power is granted by divine right or religious doctrine
Power is taken by force
Power is granted to those that are elected.
