Term
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Definition
| a form of government in which power is held by one central authority. |
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Term
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Definition
| A political system in which the central government is relatively weak and member states retain considerable sovereignty |
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Term
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Definition
| A form of government in which the powers are divided between a central government and several local governments |
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Term
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Definition
| government by one person having unlimited power |
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Term
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Definition
| a system of government in which a small group holds power |
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Term
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Definition
| a political system in which the supreme power lies in a body of citizens who can elect people to represent them |
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Term
| What are the government and economy systems of the UK? |
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Definition
govt--Parliamentary Democracy + Constitutional Monarchy
econ--Mixed (79 on continuum) |
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Term
| What are the government and economy systems of Germany? |
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Definition
govt--Federal Republic
econ--Mixed (71 on continuum) |
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Term
| What are the government and economy systems of Russia? |
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Definition
govt--Federation
econ--Mixed (51 on continuum) |
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Term
| Why did so many countries adopt the euro? |
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Definition
| There are so many countries in Europe located so closely together that it makes it a lot easier to trade with the same money. |
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Term
| What are two reasons for the existence of the European Union? |
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Definition
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Term
| What are the three basic questions that all economic systems have to answer? |
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Definition
(1)What goods and services will be produced?
(2)How will the goods and services be produced?
(3)Who will get the goods and services? |
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Term
| What is a traditional economy? |
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Definition
| An economy where the product is shared by the whole community, based on customs, and typically produced by hunting |
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Term
| What is a pure free market economy? |
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Definition
| An economy where individuals make decisions regarding the economy |
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Term
| What is a pure command economy? |
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Definition
| An economy where the government makes decisions regarding the economy |
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Term
| What type of economic system do most European countries have? |
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Definition
| Mixed economy, more on the market side |
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Term
| Give an example of a country today with a mostly command economy |
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Definition
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Term
| Which type of economy did East Germany and the former Soviet Union have? |
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Definition
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