Trade Types of Government Types of Economies Economics

Trade Types of Government Types of Economies Economics Misc. 1 pt 1 pt 2 pt 2 pt 3 pt 3 pt 4 pt 4 pt 5 pt 5 pt

If Country A places a 2% tax on all imported toy blocks, what would this trade barrier be called?

What is tariff?

If a good or service is brought into a country it is called a(n) _______.

What is import?

If Country B will not import penguins because of a skin disease they may have, what type of trade barrier is this?

What is embargo?

What is the definition of trade?

What is an exchange of goods or services?

If Country C states that all imported soda must be in a glass bottle instead of an aluminum can, what trade barrier would this be?

What is standard?

This type of government is ruled by someone for life (they are also the first born of the ruling family).

Who is a monarchy?

This type of government is ruled by a person or small group who take over the government by force.

What is a dictatorship?

This government has officials that are elected by the people and that have set term limits.

What is a republic?

This type of government has officials that are elected by the people but their term does not necessarily have a set limit.

What is a democracy?

What is the main purpose of our government?

What is to protect the rights of people?

This type of economic system is ruled by the government.

What is a command economy?

This type of economic system has an economy based on customs and traditions.

What is a traditional economy?

This type of economic system is ruled by private ownership.

What is a market economy?

The United States has this type of economy.

What is a mixed economy?

The Amish and Inuit have this type of economic system.

What is traditional?

This is characteristic of most traditional economies.

What sons learn trade skills from their fathers, community works together?

What happens when the supply is greater than the demand?

What is prices go down?

What happens with the demand is greater than the supply?

What is the prices go up?

What is a producer?

What is the person or company that makes the supply?

What is a good?

What is an item / product?

Why do people migrate?

What is cultural changes, environmental changes, and political changes?

Who holds the power in a republican democracy (like the U. S. )?

What are the people?

What does it mean to migrate?

What is move to another country permanently?

Why is government important to YOU?

Answers will vary.

Name one reason countries should have different currencies.

Answers will vary.