Economic Systems

Economic Systems

Assessment

Flashcard

History

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

Laissez-faire means...

Back

Hands off

2.

FLASHCARD QUESTION

Front

In a socialist economy, the wealth is distributed evenly among citizens.

Back

True

3.

FLASHCARD QUESTION

Front

In a "pure" communist society, who are the wealthiest and most powerful people?

Back

No One--every member of society is supposed to be equal

4.

FLASHCARD QUESTION

Front

Who is the founder of communism? Options: Adam Smith, John Locke, Karl Marx, Rousseau

Back

Karl Marx

5.

FLASHCARD QUESTION

Front

In a communist society...

Back

there is no wealth or private property

6.

FLASHCARD QUESTION

Front

Which is not an economic system? Options: Capitalism, Mutualism, Communism, Socialism

Back

Mutualism

7.

FLASHCARD QUESTION

Front

Which economic system promotes competition?

Back

Capitalism

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