Capitalism, Socialism, Communism
2 years ago
pclax2019
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20 QuestionsShow answers
  • Question 1
    60 seconds
    Q. Which is NOT a characteristic of Capitalism?
    answer choices
    Market Economy
    Supply and Demand
    Freedom of Competition
    Classless Society
  • Question 2
    60 seconds
    Q. Laissez-faire means...
    answer choices
    Hats off
    Hands around
    Hands off
    Hands on
  • Question 3
    30 seconds
    Q. The government or groups of workers might control these resources but the profits are divided among the people.
    answer choices
    Capitalism
    Communism 
    Socialism
    Mixed Economy
  • Question 4
    30 seconds
    Q. In a socialist economy, the wealth is distributed evenly among citizens.
    answer choices
    True
    False
  • Question 5
    30 seconds
    Q. This economic system is based on competition, profits, and self-interest.
    answer choices
    Socialism
    Communism
    Capitalism
  • Question 6
    30 seconds
    Q. In a "pure" communist society, who are the wealthiest and most powerful people?
    answer choices
    Intellectuals
    Business leaders
    Military leaders
    No One--every member of society is supposed to be equal
  • Question 7
    30 seconds
    Q. In a Communist country, workers have no ________ to work harder.
    answer choices
    Time
    Help
    Ability
    Incentive
  • Question 8
    300 seconds
    Q. How does socialism differ from capitalism?
    answer choices
    In socialism, the goverment controls the means of production; whereas, capitalism focuses on the private owner.
    In socialism, the goverment provides subsidies for small buisnesses; whereas, capitalism only depends on the corporations to spark the economy.
    In socialism, the goverment does not provide any form on humanitarian aid; whereas, capitalism funds small buisness with tax relief.
    In socialism, the government controls what the consumer can purchase; whereas, capitalism controls what the business can market.
  • Question 9
    300 seconds
    Q. According to the law of supply and demand, how does the scarcity of product that is in high demand affect prices?
    answer choices
    Scarcity of a high demand product stablizes the market value of the product.
    Scarcity of a high demand product increases the market value of the product.
    Scarcity of a high demand product neutralizes the market value of the product.
    Scarcity of a high demand product decreases the market value of the product.
  • Question 10
    300 seconds
    Q. According to the law of supply and demand, how does over-manufacturing of a product affect the price?
    answer choices
    Over-manufacturing reduces the price of a product.
    Over-manufacturing creates jobs to improve the economy.
    Over-manufacturing raises prices to offset production costs.
    Over-manufacturing leads to peaks in the business cycle.
  • Question 11
    30 seconds
    Q. What does communism believe in?
    answer choices
    Economic system with individuals having private ownership of money/production.
    Maintaining total control over society. 
    Economic equality through elimination of private property.
    A government of the people, by the people, for the people.
  • Question 12
    30 seconds
    Q. Karl Marx's ideas inspired
    answer choices
    free market economies
    democracies
    technological innovation
    dictatorships
  • Question 13
    30 seconds
    Q. The United States practices
    answer choices
    pure capitalism
    pure socialism
    pure communism
    mixed market
  • Question 14
    120 seconds
    Q. The founder of communism 
    answer choices
    Adam Smith
    John Locke
    Karl Marx
    Rousseau 
  • Question 15
    60 seconds
    Q. This person wrote "The Wealth of Nations" and believed the government should have a limited role in business.
    answer choices
    John Locke
    Adam Smith
    Charles Fourier 
    Karl Marx
  • Question 16
    30 seconds
    Q. This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.
    answer choices
    Socialism
    Communism
    Mixed Market Economy 
    Capitalism 
  • Question 17
    30 seconds
    Q. What was a long term result of the Industrial Revolution?
    answer choices
    A cleaner natural environment
    Animal Preservation
    Worker Unions and Labor Laws
    A second Neolithic Revolution
  • Question 18
    60 seconds
    Q. ______________get to make the economic decisions under capitalism.
    answer choices
    Individuals
    Government
    Literally no one
    The President 
  • Question 19
    30 seconds
    Q.

    In a communist society...

    answer choices

    the government controls the means of production

    the individual owns the means of production

    wealth is distributed evenly amongst society

    there is no wealth or private property

  • Question 20
    30 seconds
    Q.

    One problem with socialism is...

    answer choices

    the rich will continue to get richer.

    people will only work as hard as they need to.

    those that don't work hard enough do not reap the benefits.

    the government keeps all of the wealth.

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