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Economics

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Meta Hirthe

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Cards in this guide (16)
Disadvantage of market economy

One of the key disadvantages of a market economy is that it is unpredictable. Many events can cause shocks in a market economy. For instance, a natural disaster or war can cause volatility in the market. A lack of stability is the key feature of the market economy.

Why does scarcity exist in an economy

*there are not enough resources to produce everything people want*

What theory says the state was established when a tribe settled in one place to farm rather than to hunt and gather food

Evolutionary Theory

Which of these terms refers to the people who are eligible to vote

electorate

In which type of government is all power concentrated in either one individual or a group

Although one definition of totalitarianism is a unitary government (dictatorship, junta, or oligarchy), the definition actually refers to its operation, in attempting to control all aspects (the total) of a society. Another term for concentrated government is authoritarianism.

Which of these terms refers to passing characteristics from one generation to another

heredity

Which of these is used to describe a person's social status in a society in all circumstances

status inconsistency

Which is the best description of Jacksonian Democracy

A Jacksonian Democracy is best described as a democracy by the people.

Best description of a unitary form of government

All powers are held by a central government.

A community that is politically organized and has a territory population sovereignty and government

state

What is an element of the divine right theory of the origin of the state

belief that a monarch's authority to rule comes from a supreme being

Hich of these is the best description of coercion

forcing someone to do something that is viewed as being outside the accepted norms of society

Is an element of the conflict theory of the origin of the state

The belief that the state originated due to changes in the social order

How many major tectonic plates are there on earth

seven

Is not a characteristic of a capitalistic economy

government control of production and resources...A+

Which of these statements best describes the healthcare system in the Philippines

The amount the government is spending on healthcare is going down because of the high population growth rate. A+

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