Unit 1 Exam Review (21-22)

Type of Government where one person has all the power?

• Autocracy

• Theocracy

• Oligarchy

• Democracy

Type of Government where Gov is ran by a group of religious elitists.

• Oligarchy

• Monarchy

• Theocracy

• Democracy

Type of Government where people elect others to make decisions for them.

• Direct Democracy

• Representative Democracy

• Monarchy

• Oligarchy

Type of economy most likely found in a Communist country?

• Free Market

• Command

• Laissez Faire

• Dictatorism

People make all the decisions in which type of Government?

• Republic

• Direct Democracy

• Free market democracy

• Laissez Faire Democracy

Economic theory that the Government should leave the economic system alone.

• Direct Economics

• Indirect Economics

• Command Economics

• Laissez Faire

What is lost when someone chooses one thing over another

• The path not traveled

• Opportunity Cost

• Laissez faire

• None of these

Economic System characterized by private ownership, competition for business, and limited Gov regulations.

• Command

• Social Contract

• Free Market

• Dictatorship

Type of Gov where a King or Queen shares power with a legislative body

• Monarchy

• Constitutional Monarchy

• Command Monarchy

• Dictatorship

The Code of Hammurabi is significant because it is the....

• First written law code

• First ever form of Government

• First economic system

• The first Constitution