Milestone Review Governments and Economics Terms

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1 Milestone Review Governments and Economics Terms Completing the following Milestone Review daily and it will be counted as a 100 point test grade when you turn it in after the Milestones. (Due Date will be announced upcoming)

2 Citizen Participation 1.Democracy 2. Autocratic 3. Oligarchic A. Only a few people participate in the government. B. Only one person participates in the government. C. All citizens participate in the government.

3 Citizen Participation 1.Democracy 2. Autocratic 3. Oligarchic A. Only a few people participate in the government. B. Only one person participates in the government. C. All citizens participate in the government.

4 Citizen Participation 4.Democracy 5. Autocratic 6. Oligarchic A. Only a few people participate in the government. B. Only one person participates in the government. C. All citizens participate in the government.

5 Citizen Participation 4.Democracy 5. Autocratic 6. Oligarchic A. Only a few people participate in the government. B. Only one person participates in the government. C. All citizens participate in the government.

6 Presidential vs. Parliamentary Democracies 7. The executive leader of the country is elected directly by the people. 8. The executive leader of the country is elected by the legislative body and not directly by the people. 9. The executive leader is part of the legislative branch of the government. 10. The executive leader of the country is independent from the legislative branch of the government. A. Presidential Democracy B. Parliamentary Democracy

7 Trade Barriers 11. Embargo 12. Quota 13. Tariff 14. Physical Trade Barrier A. Limiting the amount of goods and services brought into a country B. Any landform that limits or stops trade C. Stopping all trade due to a political reason D. A tax placed on goods and services coming into a country

8 Presidential vs. Parliamentary Democracies 7. The executive leader of the country is elected directly by the people. 8. The executive leader of the country is elected by the legislative body and not directly by the people. 9. The executive leader is part of the legislative branch of the government. 10. The executive leader of the country is independent from the legislative branch of the government. A. Presidential Democracy B. Parliamentary Democracy

9 Presidential vs. Parliamentary Democracies 7. The executive leader of the country is elected directly by the people. 8. The executive leader of the country is elected by the legislative body and not directly by the people. 9. The executive leader is part of the legislative branch of the government. 10. The executive leader of the country is independent from the legislative branch of the government. A. Presidential Democracy B. Parliamentary Democracy

10 Presidential vs. Parliamentary Democracies 7. The executive leader of the country is elected directly by the people. 8. The executive leader of the country is elected by the legislative body and not directly by the people. 9. The executive leader is part of the legislative branch of the government. 10. The executive leader of the country is independent from the legislative branch of the government. A. Presidential Democracy B. Parliamentary Democracy

11 Presidential vs. Parliamentary Democracies 7. The executive leader of the country is elected directly by the people. 8. The executive leader of the country is elected by the legislative body and not directly by the people. 9. The executive leader is part of the legislative branch of the government. 10. The executive leader of the country is independent from the legislative branch of the government. A. Presidential Democracy B. Parliamentary Democracy

12 Trade Barriers 11. Embargo 12. Quota 13. Tariff 14. Physical Trade Barrier A. Limiting the amount of goods and services brought into a country B. Any landform that limits or stops trade C. Stopping all trade due to a political reason D. A tax placed on goods and services coming into a country

13 Trade Barriers 11. Embargo 12. Quota 13. Tariff 14. Physical Trade Barrier A. Limiting the amount of goods and services brought into a country B. Any landform that limits or stops trade C. Stopping all trade due to a political reason D. A tax placed on goods and services coming into a country

14 Trade Barriers 11. Embargo 12. Quota 13. Tariff 14. Physical Trade Barrier A. Limiting the amount of goods and services brought into a country B. Any landform that limits or stops trade C. Stopping all trade due to a political reason D. A tax placed on goods and services coming into a country

15 Trade Barriers 11. Embargo 12. Quota 13. Tariff 14. Physical Trade Barrier A. Limiting the amount of goods and services brought into a country B. Any landform that limits or stops trade C. Stopping all trade due to a political reason D. A tax placed on goods and services coming into a country

16 15. Tradition 16. Command 17. Market 18. Mixed Types of Economies A. An economic system where customs and beliefs determine what people do for a living. B. All economies of the world are made up of some command and some market economy C. An economic system where the government makes all the decisions of the economy D. An economic system where people make all of the economic decisions.

17 Write one sentence about each question. 19. Why would living in a pure command economy be bad? 20. Why would living in a pure market economy be bad?

18 Types of Economies 15. Tradition 16. Command 17. Market 18. Mixed A. An economic system where customs and beliefs determine what people do for a living. B. All economies of the world are made up of some command and some market economy C. An economic system where the government makes all the decisions of the economy D. An economic system where people make all of the economic decisions.

19 Types of Economies 15. Tradition 16. Command 17. Market 18. Mixed A. An economic system where customs and beliefs determine what people do for a living. B. All economies of the world are made up of some command and some market economy C. An economic system where the government makes all the decisions of the economy D. An economic system where people make all of the economic decisions.

20 Types of Economies 15. Tradition 16. Command 17. Market 18. Mixed A. An economic system where customs and beliefs determine what people do for a living. B. All economies of the world are made up of some command and some market economy C. An economic system where the government makes all the decisions of the economy D. An economic system where people make all of the economic decisions.

21 Types of Economies 15. Tradition 16. Command 17. Market 18. Mixed A. An economic system where customs and beliefs determine what people do for a living. B. All economies of the world are made up of some command and some market economy C. An economic system where the government makes all the decisions of the economy D. An economic system where people make all of the economic decisions.

22 Write one sentence about each question. 19. Why would living in a pure command economy be bad? There is no economic freedom to pick what job you want. The government tells you everything you do. 20. Why would living in a pure market economy be bad? There are no government laws to protect the consumer. This can lead to dangerous products and working conditions because of corruption. IMPROVED AND MADE INTERESTING BY YOURS TRULY, TEMIDAYO AKINYEMI!!!

23 Economic Terms 21. Gross Domestic Product 22. Specialization 23. Division of Labor 24. Scarcity A. this is when workers focus on performing separate tasks B. the amount of goods and services that a country produces in a year C. insufficient productive resources to fulfill all human wants and needs D. the practice that the tasks of producing a good or service are divided up into separate tasks

24 Economic Terms 25. Capital 26. Human Capital 27. Capital Improvements 28. Human Resources A. individuals who make up the workforce of an organization, business, or economy to produce goods or services B. the skills, knowledge, education, training and experience possessed by people to run a business C. money spent to improve machinery, buildings, computers, in a business D. consisting of machinery, buildings, computers that are needed to run a business

25 Economic Terms 21. Gross Domestic Product 22. Specialization 23. Division of Labor 24. Scarcity A. this is when workers focus on performing separate tasks B. the amount of goods and services that a country produces in a year C. insufficient productive resources to fulfill all human wants and needs. D. the practice that the tasks of producing a good or service are divided up into separate tasks.

26 Economic Terms 21. Gross Domestic Product 22. Specialization 23. Division of Labor 24. Scarcity A. this is when workers focus on performing separate tasks B. the amount of goods and services that a country produces in a year C. insufficient productive resources to fulfill all human wants and needs D. the practice that the tasks of producing a good or service are divided up into separate tasks

27 Economic Terms 21. Gross Domestic Product 22. Specialization 23. Division of Labor 24. Scarcity A. this is when workers focus on performing separate tasks B. the amount of goods and services that a country produces in a year C. insufficient productive resources to fulfill all human wants and needs D. the practice that the tasks of producing a good or service are divided up into separate tasks

28 Economic Terms 21. Gross Domestic Product 22. Specialization 23. Division of Labor 24. Scarcity A. this is when workers focus on performing separate tasks B. the amount of goods and services that a country produces in a year C. insufficient productive resources to fulfill all human wants and needs D. the practice that the tasks of producing a good or service are divided up into separate tasks

29 Economic Terms 25. Capital 26. Human Capital 27. Capital Improvements 28. Human Resources A. individuals who make up the workforce of an organization, business, or economy to produce goods or services B. the skills, knowledge, education, training and experience possessed by people to run a business C. money spent to improve machinery, buildings, computers, in a business D. consisting of machinery, buildings, computers that are

30 Economic Terms 25. Capital 26. Human Capital 27. Capital Improvements 28. Human Resources A. individuals who make up the workforce of an organization, business, or economy to produce goods or services B. the skills, knowledge, education, training and experience possessed by people to run a business C. money spent to improve machinery, buildings, computers, in a business D. consisting of machinery, buildings, computers that are

31 Economic Terms 25. Capital 26. Human Capital 27. Capital Improvements 28. Human Resources A. individuals who make up the workforce of an organization, business, or economy to produce goods or services B. the skills, knowledge, education, training and experience possessed by people to run a business C. money spent to improve machinery, buildings, computers, in a business D. consisting of machinery, buildings, computers that are needed to run a business

32 Economic Terms 25. Capital 26. Human Capital 27. Capital Improvements 28. Human Resources A. individuals who make up the workforce of an organization, business, or economy to produce goods or services B. the skills, knowledge, education, training and experience possessed by people to run a business C. money spent to improve machinery, buildings, computers, in a business D. consisting of machinery,

33 Economics 29. Currency 30. Currency Exchange 31. Standard of Living 32. Literacy Rate 33. Supply and Demand A. the amount of people that can read and write in a country B. to change one countries money from one to another C. An economic concept that helps determine prices of goods and services D. the level of wealth, comfort, material goods and necessities available to a group of people in a country E. a system of money in general use in a particular country

34 Economics 34. Import 35. Export 36. Surplus 37.Non-renewable Resources 38. Renewable Resource A. to bring (goods or services) into a country to sell B. A resource that has an endless supply C. the amount of an income, profits, capital or goods that exceeds the portion that is used. D. a resource that does not replenish itself E. to send (goods or services) to another country to sell

35 Economics 29. Currency 30. Currency Exchange 31. Standard of Living 32. Literacy Rate 33. Supply and Demand A. the amount of people that can read and write in a country B. to change one countries money from one to another C. An economic concept that helps determine prices of goods and services D. the level of wealth, comfort, material goods and necessities available to a group of people in a country E. a system of money in general use in a particular country

36 Economics 29. Currency 30. Currency Exchange 31. Standard of Living 32. Literacy Rate 33. Supply and Demand A. the amount of people that can read and write in a country B. to change one countries money from one to another C. An economic concept that helps determine prices of goods and services D. the level of wealth, comfort, material goods and necessities available to a group of people in a country E. a system of money in general use in a particular country

37 Economics 29. Currency 30. Currency Exchange 31. Standard of Living 32. Literacy Rate 33. Supply and Demand A. the amount of people that can read and write in a country B. to change one countries money from one to another C. An economic concept that helps determine prices of goods and services D. the level of wealth, comfort, material goods and necessities available to a group of people in a country E. a system of money in general use in a particular country

38 Economics 29. Currency 30. Currency Exchange 31. Standard of Living 32. Literacy Rate 33. Supply and Demand A. the amount of people that can read and write in a country B. to change one countries money from one to another C. An economic concept that helps determine prices of goods and services D. the level of wealth, comfort, material goods and necessities available to a group of people in a country E. a system of money in general use in a particular country

39 Economics 29. Currency 30. Currency Exchange 31. Standard of Living 32. Literacy Rate 33. Supply and Demand A. the amount of people that can read and write in a country B. to change one countries money from one to another C. An economic concept that helps determine prices of goods and services D. the level of wealth, comfort, material goods and necessities available to a group of people in a country E. a system of money in general use in a particular country

40 Economics 34. Import 35. Export 36. Surplus 37.Non-renewable Resources 38. Renewable Resource A. to bring (goods or services) into a country to sell B. A resource that has an endless supply C. the amount of an income, profits, capital or goods that exceeds the portion that is used. D. a resource that does not replenish itself E. to send (goods or services) to another country to sell

41 Economics 34. Import 35. Export 36. Surplus 37.Non-renewable Resources 38. Renewable Resource A. to bring (goods or services) into a country to sell B. A resource that has an endless supply C. the amount of an income, profits, capital or goods that exceeds the portion that is used. D. a resource that does not replenish itself E. to send (goods or services) to another country to sell

42 Economics 34. Import 35. Export 36. Surplus 37.Non-renewable Resources 38. Renewable Resource A. to bring (goods or services) into a country to sell B. A resource that has an endless supply C. the amount of an income, profits, capital or goods that exceeds the portion that is used. D. a resource that does not replenish itself E. to send (goods or services) to another country to sell

43 Economics 34. Import 35. Export 36. Surplus 37.Non-renewable Resources 38. Renewable Resource A. to bring (goods or services) into a country to sell B. A resource that has an endless supply C. the amount of an income, profits, capital or goods that exceeds the portion that is used. D. a resource that does not replenish itself E. to send (goods or services) to another country to sell

44 Economics 34. Import 35. Export 36. Surplus 37.Non-renewable Resources 38. Renewable Resource A. to bring (goods or services) into a country to sell B. A resource that has an endless supply C. the amount of an income, profits, capital or goods that exceeds the portion that is used. D. a resource that does not replenish itself E. to send (goods or services) to another country to sell