Which economic system allows individuals complete freedom to start a business? Options: Socialism, Communism, Capitalism, Traditional Economy
Europe (Unit 4) Review

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Geography
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9th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
Capitalism
Answer explanation
Capitalism is the economic system that grants individuals the freedom to start and operate their own businesses, unlike socialism and communism, which involve more government control over economic activities.
2.
FLASHCARD QUESTION
Front
What is the key motivation in a capitalist economy?
Back
Making a profit
Answer explanation
In a capitalist economy, the primary motivation is making a profit. This drives businesses to innovate, compete, and efficiently allocate resources, ultimately leading to economic growth.
3.
FLASHCARD QUESTION
Front
In a command economy (communism), who makes all the economic decisions?
Back
The government
Answer explanation
In a command economy, the government makes all economic decisions, controlling resources and production. This central planning contrasts with market economies where citizens and businesses have more decision-making power.
4.
FLASHCARD QUESTION
Front
What was the primary ideological conflict during the Cold War?
Back
Capitalism vs. Communism
Answer explanation
The primary ideological conflict during the Cold War was between capitalism, represented by the United States, and communism, led by the Soviet Union. This struggle defined global politics and influenced many international relations.
5.
FLASHCARD QUESTION
Front
What was the purpose of the Berlin Wall?
Back
To prevent East Germans from escaping to the West
Answer explanation
The Berlin Wall was built to prevent East Germans from escaping to the West, effectively stopping the mass emigration that threatened the stability of East Germany.
6.
FLASHCARD QUESTION
Front
What was the Berlin Airlift?
Back
A humanitarian effort to supply West Berlin during a blockade.
Answer explanation
The Berlin Airlift was a humanitarian effort to supply West Berlin during the Soviet blockade from 1948 to 1949, ensuring that the residents received essential goods like food and fuel despite the blockade.
7.
FLASHCARD QUESTION
Front
Which of the following best describes the economic conditions in East Germany compared to West Germany? Options: East Germany was wealthier and more developed, West Germany had a more robust economy and greater personal freedoms, Both had equal economic development, East Germany had a better quality of life
Back
West Germany had a more robust economy and greater personal freedoms
Answer explanation
West Germany had a more robust economy, benefiting from a capitalist system that fostered growth and innovation, while East Germany faced economic challenges under a socialist regime, limiting personal freedoms and development.
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