5. What political trade barrier limits the amount of goods or services coming into or leaving a country? Quotas
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7. A person who takes a risk by starting their own business is known as this. An Entrepreneur
8. President Obama wants to create more jobs in the Auto Industry. What type of law can he pass that will raise the price of foreign cars and make US more attractive to local buyers? Tariffs... These taxes raise the price of foreign goods and protect local producers
9. What type of country can Israel be described as economically? Developed
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12. What are Capital Goods ? Any material things that are needed to conduct business… Machines, computers, Raw Materials…
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14. What are Raw Materials? Natural Resources Like… Timber, Oil, Minerals…
23. What are a business’ employees or workers known as ? Human Resources
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28. While helping protect local producers, Tariffs, the political trade barrier that places a tax on the goods or services coming into a country hurt whom? Local Consumers And Foreign Producers
32. Which form of government gives people more power and rights, A Representative Democracy or an Oligarchy? Representative Democracy
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36. The person with the most power in a parliamentary system is the??? Prime Minister
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38. Entrepreneurs do what in a market economy? Take on the financial risk in starting a new business
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42. What tells how governmental power is distributed? A government SYSTEM
43. What are Human Resources? A business’ employees or workers
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45. In what system of government is power shared by a powerful central government and states or provinces are given considerable self rule, usually through their own legislatures. . Federal System
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49. In what type of government is the government “Ruled by the people” and individual freedom and equality is valued. Where free elections are held and decisions are based on majority rule? Democracy
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53. In what type of government is the power to govern held by one person and where the power to rule is generally inherited or imposed by military force? Autocracy
58. What system of government has a central government that controls everything and power is not shared between states, counties or provinces. Unitary System
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60. A buyer and user of goods and services is a…? Consumer
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62. To study governments, geographers look at government systems. What is this? How the power is distributed.
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66. What is it called when countries trade without any trade restrictions or barriers? Free Trade
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68. How is a presidential democracy differ from a parliamentary democracy? In a presidential democracy the executive branch is separate from the legislative branch.
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71. What system of government is a voluntary association of independent states that agrees to follow a weak central government. . Confederation System
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73. What political trade barrier limits trade with a particular country or specific business BUT DOES NOT stop all trade with the country? Sanctions
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