Govt/econ 2: Question Preview (ID: 26731)


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exchange of goods or services
a) trade b) currency c) capital d) tariff
money
a) currency b) tarrif c) capital d) trade
country produces goods and services they can best and most efficiently produce
a) trade b) embargo c) specialization d) tariff
a physical asset used to produce goods and services
a) capital b) tariff c) quota d) embargo
people who use their money and talents to start a new business
a) trade b) entrepreneur c) president d) citizen
government in which the central government holds all the power
a) conderation b) democratic c) federal d) unitary
a group of states united for a common purpose
a) confederation b) democratic c) federal d) unitary
type of government in which states designate control to a central authority
a) confederation b) democratic c) federal d) unitary
one person ruling with unlimited power
a) confederation b) oligarchic c) autocratic d) democratic
government of the few, usually ruled by the wealthy
a) confederation b) oligarchic c) autocratic d) democratic
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