Govt/econ 2 Question Preview (ID: 26731)


Govt/econ 2. TEACHERS: click here for quick copy question ID numbers.

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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