Comparing Governments & Economies

What is a ban on trade?

• Tariff

• Embargo

• Ceasefire

• Trade Agreement

In which system of government did citizens give up some rights in exchange for protection under a Lord?

• Martial Law

• Marshall Plan

• Theocracy

• Feudal System

Which document limits the powers of the government in the United States?

• Bill of Rights

• Constitution

• Declaration of Independence

• Virginia Statute for Religious Freedom

Which term describes the event when a country attempts to reunify following the collapse of a dictatorship?

• A new dictatorship

• A reunification plan

• Feudal System

• Democratic Consolidation

Organize these options into the right categories

Groups:

(a) Democracy

,

(b) Totalitarianism

• Controlled elections/ single-party elections

• Very limited rights/freedoms

• Allows for a free market economy

• Individual rights and freedoms

• Power comes from the people

• Power is held by the government

• Free elections

• State-run economy

Organize these options into the right categories

Groups:

(a) Capitalism

,

(b) Socialism

,

(c) Communism

• Large businesses are state-run

• All decisions made by the state

• Government stays out of the economy

• Ability to make a profit is the primary motivating factor

• Majority of businesses are privately owned

• Created through a violent revolution

• Increased taxes to fund public programs

• Mix of private and public ownership

• High taxes; people serve a purpose for the state

• Land and businesses are publicly owned

• Controlled elections/single-party system

• Largest amount of private property

• Lowest tax rates

• Moderate tax rate; government acts as "mother hen"

• Works towards a peaceful economic equality

A nation imports more than it exports

• Trade Surplus

• Trade Deficit

• World Trade Organization

• Globalization

A nation exports more than it imports

• Trade Surplus

• Trade Deficit

• North American Free Trade Agreement

• Gross Domestic Product