American Cit. CHapter 26-27
Terms
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- parliamentary
- great britain's great contribution to modern governments around the world was the development of this system of government
- north korea
- ________ has a command economy
- conservative party
- supports private enterprise and minimal governmetn intervention
- republic
- a representative government in which no leaders inherit office
- house of lords
- acts as the equivalent of the U.S Supreme Court
- Hong Kong
- which country did china reunify with in 1997?
- human rights
- the fundamental rights that belong to every person on Earth
- trade surplus
- when the value of a country's exports esceess the value of its imports
- to create jobs
- an airline that increases its market by buildng airplanes for other countries is displaying an example of what reason why nations trade?
- tariff
- another term for a customs duty
- authoritarian
- a regime in which power is held by an individual or group not accountable to the people
- prime minister
- the head of government in a parliamentary system
- unitary
- china has which system of government?
- command economies
- in the 1980s what type of economies became increasingly unattractive?
- market economy
- economic system in which decisions are made in free markets based on the interation of supply and demand
- developing countries
- countries whose average per capita income is only a fraction of that in more industrialized countries
- premier
- te second most important figure in teh Chinese government
- population
- per capita GDP divides the total gross domestic product by the country's
- market economies
- the majority of the largest economies in the world today are
- exports
- products that are sold to other countries
- socialist
- Karl Marx, a german thinker and writer was a
- france
- NOT part of the United Kingdom
- unitary system
- government in which power is centralized
- dynasties
- families that hold power for many generations
- about 20%
- china is home to what percent of the worlds population?
- European Union
- an orginization of independent countries that cooperate in matters of economics and trade, social and foreign policy. security, and justice
- trade deficit
- when the value of a country's imports exceed the value of its exports
- externalities
- unintended side effects that have an influence on third parties
- gosplan
- central planning body in the Soviet Union
- traditional economy
- system in which things are doe the way they have always been done
- communism
- economic systen under which one calss evolves, all property is held in common, and there is no need for government
- socialism
- the belief that the meand of production should be owned and controlled by society
- House of Commons
- part of the British Parliament with 650 elected members
- world trade orginization
- orginizes negotitions about trade rules and provides help to countries trying to develop their economies
- International Monetary Fund
- orginization that offers advice and financial assisstance to countries on monetary and fiscal policy
- world bank
- orginization that gives loans and advice to countries as they try to improve their economies
- command economy
- economic system in which the individual has little, if any, influence over how the basic economy functions
- national peoples congress
- in therory is the highest governing body in china
- collective
- type of farm worked jointly by groups of peasants under government supervision
- devolution
- transferring power to local authorities
- House of Lords
- part of the british Parliament with 700 members who are appointed or inherit titles
- comparative advantage
- the ability of a country to produce a good at a lower opportunity cost than another country can
- imports
- products that are purchased from oter countries
- government
- in a command economy, who makes the decisions of what, how, and for whom to produce?
- secretary general
- the most important figure in the chinese governmetn
- constitutional monarchy
- government in which the power of the hereditary laeder is limited by the country's constituion and laws
- absolute monarchy
- government in which a hereditary ruler had unlimited authority
- poor human rights
- still causes strained relations between China and the U.S
- no limit
- how long a british prime minister can serve in office
- balance of trade
- the difference between the value of a nation's exports and its importis is known as the
- free trade
- when countries try to convince other countries not to pass laws that block or limit trade,