Fall Semester Review 2024

Front

What is Traditional Economy?

Back

People meet their needs on the basis of their customs.

Front

What is Market Economy?

Back

Individuals determine demand, supply and price.

Front

What is Command Economy?

Back

the leader(s) of the country makes all the economic decisions

Front

What is Mixed Economy?

Back

A country in which different types of economies are found.

Front

True/False-Limited Government means the leader has NO restrictions.

Back

False

Front

Unlimited government- a leader rules without restrictions.

Back

True

Front

Government in which the citizens choose the nation's leaders by voting for them

Back

democracy

Front

Government in which the king or queen governs with complete power.

Back

absolute monarchy

Front

Government in which a king or queen is the official head of state, but elected officials run the government

Back

constitutional monarchy

Front

Government under the control of one all powerful leader

Back

dictatorship