Potential US GOV and politics test questions

what is an example of popular sovereignty?

citizens voting to choose their government leaders

what is an example of self government?

citizens participating in elections and making decisions about how they are governed

What is an example of federalism in the United States?

Power is divided between the national government and state governments

what is an example of checks and balances?

the president can veto a bill passed by congress

What is an example of representative democracy?

Citizens elect representatives to make laws and decisions on their behalf

What is an example of direct democracy?

Citizens directly vote on laws or policies rather than having representatives make the decision for them.

What is an example of capitalism?

Privately owned businesses competing with each other in a market.

What is an example of a country historically associated with communism?

The Soviet Union.

What is an example of a constitutional monarchy?

The United Kingdom

What is an example of an oligarchy?

A government controlled by a small group of powerful people.

What are the three basic economic questions every economy must answer?

What to produce, how to produce it, and who gets what is produced

What does “what to produce” mean?

Deciding which goods and services an economy will produce.

What does “how to produce” mean?

Deciding how goods and services will be produced and who or what will control production

What does “who gets what” mean?

Deciding how the goods and services produced by an economy are distributed.

What is a command economic system?

An economic system in which the government makes the major economic decisions, including what to produce, how to produce it, and who receives the goods and services.

What is a market economic system?

An economic system in which individuals and businesses make most economic decisions through markets and consumer demand

In a market system, how do people influence what businesses produce?

What people buy creates demand, which influences what businesses produce

What is a mixed economy?

An economy that combines elements of market and command systems, with both private businesses and government involvement.

What is a traditional economic system?

An economic system in which economic decisions are largely based on customs, traditions, and practices passed down through generations

How does traditionalism answer the three economic questions?

It answers them according to the way they have traditionally been answered by the society.

What is the relationship between capitalism and a market economy?

Capitalism is based on private ownership and market decision-making, where supply and demand play a major role.

What is the relationship between communism and a command economy?

Communist systems have historically emphasized government control of economic resources and command-style economic decision-making.

How is socialism related to a mixed economy?

Socialist policies generally involve greater government involvement in the economy, while many modern economies combine government involvement with private ownership and markets.

What are the four economic systems discussed in class?

communism, traditionalism, socialism, capitalism

Who makes the economic decisions in each system?

Communism: Government

Traditionalism: The traditions

Socialism: Both the government and individuals

Capitalism: individuals and business through markets