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![Page 1: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/1.jpg)
Political and Economic Systems Test Review
![Page 2: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/2.jpg)
This system is where some laws come from the central government, and some laws come from each state?
1. Unitary2.Confederation 3.Federal4.Parliamentary
![Page 3: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/3.jpg)
• 3. Federal
![Page 4: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/4.jpg)
• The U.K , Russia, Germany and the U.S all have which type of economy?
• 1. traditional• 2 command• 3. mixed• 4. market
![Page 5: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/5.jpg)
• 4. market
![Page 6: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/6.jpg)
• Which economic system has features of traditional, command and market systems?
• 1. Market• 2. Traditional• 3. Mixed• 4. Free Market
![Page 7: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/7.jpg)
• 3. mixed
![Page 8: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/8.jpg)
• Being a member of the European Union provides all EXCEPT:
• 1. one common currency• 2. more human capital for your country• 3. more trade partners• 4. more economic and financial stability
![Page 9: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/9.jpg)
• 2. more human capital for your country
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• What type of capital is an employee/ worker• 1. market capital• 2. state capital• 3. capital good• 4. human capital
![Page 11: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/11.jpg)
• 4. human capital
![Page 12: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/12.jpg)
• Which system is where social roles and culture determines how goods are made, sold and bought?
• 1. Mixed• 2. Command• 3. Free Market• 4. Traditional
![Page 13: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/13.jpg)
• 4. Traditional
![Page 14: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/14.jpg)
• What economic system does the government have the biggest impact and control of the economy?
• 1. mixed• 2. command• 3. traditional• 4. market
![Page 15: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/15.jpg)
• 2. command
![Page 16: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/16.jpg)
Presidential and Parliamentary systems have the following in
common:• 1. democratic forms of govt• 2 leader types• 3. ways the power is distributed• 4. currency
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• 1. democratic forms of govt
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• How does investing in human capital impact a nation’s economy
• 1. it increases the literacy rate and effectiveness of business
• 2. it decreases the amount of unemployment and crime
• 3. it adds to the Gross Domestic product of the country
• 4. all of the above
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• 4. all of the above
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True or False?
• A quota is the limit a government places on goods that can be imported from another country
• 1. True• 2. False
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• 3. traditional
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• A trade barrier in which the government places restrictions on imports and exports of certain goods; often backed by military force is…
• 1. tariff• 2. embargo• 3. quota• 4. capitalism
![Page 23: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/23.jpg)
• 2. embargo
![Page 24: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/24.jpg)
• A political system based on 1-party rule; government ownership of economic resources, and decisions are made by the government is?
• 1. communism• 2. capitalism• 3. socialism• 4. fascism
![Page 25: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/25.jpg)
• 1. communism
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• An increase in value of all goods and services a country makes from 1 year to another is called?
• 1. currency exchange• 2. economic growth• 3. gross domestic product (GDP)• 4. capital goods
![Page 27: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/27.jpg)
• 2. economic growth
![Page 28: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/28.jpg)
• A tax on an import is a• 1. quota• 2. tariff• 3. embargo• 4. sale
![Page 29: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/29.jpg)
• 2. tariff
![Page 30: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/30.jpg)
• Trade between countries around the world is called…
• 1. International trade• 2. currency exchange• 3. embargo• 4. economic guarantees
![Page 31: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/31.jpg)
• 1. International trade
![Page 32: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/32.jpg)
• Private businesses are part of command economies?
• 1. TRUE• 2. FALSE
![Page 33: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/33.jpg)
• 2 FALSE
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• All of the following are questions a nation must answer to build an economy EXCEPT:
• 1 what to produce• 2. who is going to produce it• 3. how to produce• 4. for whom to produce
![Page 35: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/35.jpg)
• 2. who is going to produce it
![Page 36: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/36.jpg)
• A place or situation where money from different countries is bought and sold for a price is… (ex. I go to Germany and have to swap my dollars for Euros)
• 1. economic growth• 2. GDP• 3. exports• 4. currency exchange
![Page 37: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/37.jpg)
• 4. currency exchange
![Page 38: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/38.jpg)
• use of income today in a way that allows growth in the future
• 1. economic growth• 2. GDP• 3. investment• 4. capital goods
![Page 39: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/39.jpg)
• 3. investment
![Page 40: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/40.jpg)
• Which of the following statements is the BEST example of a command economy?
• 1. anyone can easily start a company• 2. anyone can easily make a profit from hard
work 3. the government decides the jobs of its
citizens and what’s for sale• 4. traditional foods are gathered.
![Page 41: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/41.jpg)
• 3. the government decides the jobs of its citizens and what’s for sale
![Page 42: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/42.jpg)
• way in which a nation uses its resources to satisfy people’s needs and wants
• 1. supply and demand• 2. scarcity• 3. GDP• 4. market economy
![Page 43: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/43.jpg)
• 1. supply and demand
![Page 44: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/44.jpg)
• economic system that has features of traditional, command and market systems
• 1. market• 2. mixed• 3. command• 4. traditional
![Page 45: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/45.jpg)
• 2. mixed
![Page 46: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/46.jpg)
• exchange of goods and services between countries
• 1. import• 2. export• 3. trade barrier• 4. international trade
![Page 47: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/47.jpg)
• 4. international trade
![Page 48: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/48.jpg)
• goods and services traded with or sold to other countries
• 1. scarcity• 2. export• 3. import• 4. trade
![Page 49: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/49.jpg)
• 2. export
![Page 50: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/50.jpg)
• word used to describe conflict between people’s desires (wants) and the limited amount of resources
• 1. scarcity• 2. export• 3. import• 4. trade
![Page 51: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/51.jpg)
• 1. scarcity
![Page 52: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/52.jpg)
• goods brought into country from another country through trade or sale
• 1. scarcity• 2. export• 3. import• 4. trade
![Page 53: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/53.jpg)
• 3. import
![Page 54: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/54.jpg)
• allows business owners to compete in market with little government control (owner decides everything about business- capitalism
• 1. market• 2. mixed• 3. command• 4. traditional
![Page 55: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/55.jpg)
• 1. market
![Page 56: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/56.jpg)
• total value of the goods and services produced in a country during a given period of time
• 1. economic growth• 2. capital goods• 3. investment• 4. GDP
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• 4 GDP
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• When a government limits free trade between countries (embargo, tariff, quotas). Can also be a physical feature (ex. Mountains) or wars, weather, etc.
• 1. scarcity• 2. export• 3. import• 4. trade barrier
![Page 59: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/59.jpg)
• 4. trade barrier
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• someone who brings together labor, land and capital goods to produce goods and services. They take risks to start a business.
• 1. entrepreneur• 2. human capital• 3. capital goods• 4. natural resources
![Page 61: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/61.jpg)
• 1. entrepreneur
![Page 62: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/62.jpg)
• governmental system in which the central government makes ALL laws for the country
• • 1. confederation• 2. unitary• 3. autocratic• 4. federation
![Page 63: Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.](https://reader035.fdocuments.in/reader035/viewer/2022062304/56649de65503460f94adec51/html5/thumbnails/63.jpg)
• 2. unitary
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• citizens in this type of system have no say in how the government system is run.
• 1. confederation• 2. unitary• 3. autocratic• 4. federation
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• 3. autocratic
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government led by king or queen.
• 1. multi-party system• 2. monarchy• 3. one-party system• 4. democracy
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• 2. monarchy
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• The United States, Germany and the U.K. are examples of a(n) ______ economic system.
• 1. Command• 2. Market • 3. Traditional • 4. Democratic
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• 2. Market