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Economics/Government Super Review
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What TERM refers refers to things or items that we use that are produced?
goods
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This evil chubby little man is Kim Jong Un....he is the communist leader of which EAST ASIAN COUNTRY?
North Korea
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For a country to be considered DEVELOPED, name ONE economic indicator that should be LOW....
Infant Mortality Rate, % of Children < 15, % people employed in farming
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What TYPE of agriculture produces enough of a crop to earn a profit?
Commercial
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Which form of government is the oldest?
Absolute Monarchy
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Name a COUNTRY that uses a THEOCRACY....
Iran, Vatican City
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Which GREEK word refers to a form of government that is "RULED BY FEW?"
Oligarchy
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What innovation of the factory system led to the mass production of products?
assembly line
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What TERM refers to items sent OUT of a country to be sold elsewhere?
EXPORT
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What TERM refers to when a business's REVENUES exceed its COSTS? (p.s. this is the GOAL of ALL businesses)
PROFIT
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Which form of government is characterized by violence and chaos?
Anarchy
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Name a COUNTRY which uses a CONSTITUTIONAL MONARCHY....
United Kingdom, Japan
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What TERM refers to an inadequate supply of resources (not enough)?
scarcity
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In which form of government does a King or Queen govern with supreme authority over ALL matters of the country?
Absolute Monarchy
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What LEVEL of Industry is depicted in this image?
Quaternary
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Name the island COUNTRY in the WESTERN HEMISPHERE that STILL uses a Communist form of government.....
Cuba
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Which ECONOMIC INDICATOR refers to the number of babies that die before reaching age 1?
INFANT MORTALITY RATE
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Name one form of government that meets the following criteria: RULE BY FEW Power is UNLIMITED
THEOCRACY OR COMMUNISM
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Name the 3 TYPES of Productive Resources....
Natural, Labor/Human and Captial
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Which ECONOMIC INDICATOR refers to the percentage of people that can read and write?
Literacy Rate
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What TERM refers to the careful management of producing, distributing, and consuming wealth and resources?
Economy or Economics
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Which BRANCH of government makes the laws?(WARNING: THE FIRST ANSWER IS THE ONLY ONE THAT WILL COUNT!)
Legislative
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Name one form of government that meets the following criteria: Rule by ONE Power is UNLIMITED
Absolute Monarchy or Fascism (dictatorship)
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How many members of the US Senate represent each state?
2
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