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- 1. Multiple ChoiceWhat is Capitalism?A system where the government controls businessCapitalism is an economic system where the means of production are privately owned and operated for profit!A economic system in which the people have limited rightsAn economic system in which most property and resources, such as factories or farms, are publicly owned or controlled.
- 2. Multiple Choice______________get to make the economic decisions under capitalism.IndividualsGovernmentLiterally no oneThe President
- 3. Multiple ChoiceA good is an object people want that they can touch or hold.TrueFalse
- 4. Multiple ChoiceWhich of the following is NOT a good?A basketballA pair of shoesTeachingPS4
- 5. Multiple ChoiceWhich is NOT a characteristic of Capitalism?Market EconomySupply and DemandFreedom of CompetitionClassless Society
- 6. Multiple ChoiceLaissez-faire means...Hats offHands aroundHands offHands on
- 7. Multiple ChoiceThe government or groups of workers might control these resources but the profits are divided among the people.CapitalismCommunismSocialismMixed Economy
- 8. Multiple ChoiceIn a socialist economy, the wealth is distributed evenly among citizens.TrueFalse
- 9. Multiple ChoiceIn a socialist country, citizens pay LESS in taxes than those who live in a capitalist country.TrueFalse
- 10. Multiple ChoiceThis person wrote "The Wealth of Nations" and believed the government should have a limited role in business.Bernie SandersAdam SmithCharles FourierHillary Trump
- 11. Multiple ChoiceThis economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.SocialismCommunismMixed Market EconomyCapitalism
- 12. Multiple ChoiceThe United States is an example of what economic systems?CapitalismSocialismMixed EconomyCommunism
- 13. Multiple ChoiceWho owned everything under communism?Wealthy peopleThe secret policeThe governmentThe poor people
- 14. Multiple ChoiceWhat is NOT true about communism?People were poor.People were rich.No one could own property.People had very little freedoms.
- 15. Multiple ChoiceNationalism defines the loyalty of the people being toThe country's governmentThe people you share nationalism withPeople from another countryThe monarch of your country
- 16. Multiple ChoiceWhat was a long term consequence of the Industrial Revolution?A cleaner natural environmentAnimal PreservationWorker Unions and Labor LawsA second Neolithic Revolution
- 17. Multiple ChoiceWhat is a key difference between capitalism and communism?Private Property is allowed in CapitalismCommunism allows for a free marketCapitalism, in theory, spreads the wealth evenlyCommunism encourages entrepreneurship
- 18. Multiple ChoiceWho were the fathers of Communism and Capitalism, respectively?Locke and VoltaireMeiji and TokugawaMarx and SmithCavour and Garabaldi
- 19. Multiple ChoiceAll economies in the world are essentiallymarket economiesmixed economiestraditional economiescommand economies
- 20. Multiple Choice
Adam Smith wrote a book, Wealth of Nations, about this economic system.SocialismCommunismCapitalism - 21. Multiple ChoiceThis economic system America uses today.SocialismCommunismCapitalism
- 22. Multiple ChoiceThis economic system is based on competition, profits, and self-interest.SocialismCommunismCapitalism
- 23. Multiple ChoiceThis economic system caused unemployment, poverty, class conflict, and economic depressions.SocialismCommunismCapitalism
- 24. Multiple ChoiceGovernment owns some industries.SocialismCommunismCapitalism
- 25. Multiple ChoiceWhat is imperialism?When one country takes over another countryWhen one country is allies with another countryWhen one country is at war with another countryall of these options
- 26. Multiple ChoiceExtreme love for your country is the definition ofSocialismCapitalismNationalismFascism
- 27. Multiple ChoiceWhich of the following people was a fascist?Adam SmithAdolf HitlerThomas JeffersonCarl Marx
- 28. Multiple ChoiceWhich of these people is an extreme capitalist?Bennie SandersJohn F. KennedyDonald TrumpMs. H. Clinton
- 29. Multiple ChoiceWhich of these people is stands for equal distribution of wealth?Donald TrumpMarco RubioBernie SandersMs. H. Clinton
- 30. Multiple ChoiceCanada, Cuba, Great Britain, the United States and Finland have social medicine and medical care is basically free or affordable for everyone.TrueFalse
- 31. Multiple ChoiceWho is not a marxist leninist?Che GuevaraFidel CastroBernie SandersCesar Chavez
- 32. Multiple ChoiceWhich country has a higher standard of living?FinlandRussiaThe United StatesChina
- 33. Multiple ChoiceAggression by a powerful country to a less powerful country is the definition ofIndependenceNationalismSnobberyImperialism
- Answer choicesTagsAnswer choicesTags