Economic and Political Systems

What are the three basic types of economic systems?

• producers, goods, and services

• capitalism, socialism, and communism

• direct democracy, monarchy, and representative democracy

• There aren´t any types of economic systems.

In _______________, most basic and non-basic businesses are privately owned. Workers produce the goods or services.

• socialism

• communism

• capitalism

In _____________, the central government owns all property, such as farms and factories, for the benefit of its citizens.

• socialism

• communism

• capitalism

In ______________, the govenrment owns most basic industries. It runs them for the good of society, not for profit.

• socialism

• capitalism

• communism

What is an economy?

• It is a system for producing, distributing, and consuming goods and services.

• It is the people who buy and use the goods and services.

• It is the way cultures choose how they want to organize their economies.

What is the system that sets up and enforces a society´s laws and institutions?

• capitalism

• government

• communism

• socialism

What is the group that participates in running the day-to-day affairs of governments?

• monarchy

• representative democracy

• dictatorship

• direct democracy

In a ___________, a king or queen rules the government. The ruler inherits the throne by birth.

• direct democracy

• dictatorship

• monarchy

• representative democracy

A government leader who has almost total power over an entire country is called a ____________________.

• monarchy

• dictator

• direct democracy

• representative democracy

In a ______________, citizens elect representatives to run the country´s affairs. Their countries have _____________, or sets of laws that define and often limit the government´s power.

• direct democracy, dictatorships

• monarchy, constitutions

• dictatorship, no laws

• representative democracy, constitutions