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5 Written questions

5 Matching questions

  1. Market Economy
  2. Federal Gov
  3. Monarchy
  4. Confederate Gov
  5. Democracy
  1. a central gov weak, local gov strong
  2. b econ sys where gov role is small
  3. c rule by the ppl; free elections
  4. d balance of authority b/w central and local gov; if conflict arises, central gov wins
  5. e gov in which ruler's power is hereditary (one ruler)

5 Multiple choice questions

  1. econ sys where gov role is large
  2. 4 Broad Principles:
    1. Free Enterprise: choose own work/profession
    2. Private Ownership of the Means of Production: anything that makes or owns anything is owned by private individuals
    3. Profit Motive: ppl should be free to enjoy rewards of labor
    4. Competition: struggle b/w companies to sell goods/services; lower prices and better products
  3. pol unit w/ defined territory, organized under gov and enforces/makes law
  4. sys of gov which all eligible voters make every decision
  5. Marxist-Leninist Theory; gov controls everything
    1. Econ View of History: struggle b/w haves and have nots, Bourgeoisie and Proletariats
    2. Labor Theory of Value: cost and labor of product = selling value

5 True/False questions

  1. Totalitarianismtotal power to an individual or small, elite group

          

  2. EuroEuropean Union, an economic confederacy with no central body

          

  3. Laissez-Faire Capitalismkeep gov out of economy

          

  4. ConstitutionMarxist-Leninist Theory; gov controls everything
    1. Econ View of History: struggle b/w haves and have nots, Bourgeoisie and Proletariats
    2. Labor Theory of Value: cost and labor of product = selling value

          

  5. Presidential LeadershipLeader: Prime Minister; usually a Parliament