Comparative Economic Systems (Part II)

Comparative Economic Systems (Part II)

KG - University

25 Qs

quiz-placeholder

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Comparative Economic Systems (Part II)

Comparative Economic Systems (Part II)

Assessment

Quiz

History

KG - University

Practice Problem

Easy

Created by

Stephen Hoff

Used 28+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During what time period was the idea of socialism BORN?

Industrial Revolution
World War I
Enlightenment
Protestant Reformation

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A most fundamental of socialist ideas?

redistribute the nation's wealth (make everyone more equal)
enrich the job creators (give them the extra capital they need to invest)
exploit the workers for all they're worth (the rich get richer and the poor get poorer)
rewarding the hardest workers (pay raises, job promotions, etc.)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Socialist economies are also called ...?

"taxation states"
"welfare states"
"central planning states"
"command system states"

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Socialist governments believe in taking over/controlling the largest (or most significant) industries - called ...?

nationalization
collectivization
unionization
central planning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Socialist government must keep _____________ very high (in order to afford all of the "free" social benefits.

consumer confidence
prices
taxes
employment numbers

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is GOING WRONG is socialist economies around the world (ex. Greece, Venezuela)?

their governments are hiring too many corrupt officials
their governments can no longer find enough revenue to "take care" of the citizens
their governments won't allow ANY private ownership of property, and the citizens are angry
their governments don't  have enough commodities to export to other countries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following socialist countries is now officially BANKRUPT (& they've been bailed out by the EU)?

Greece
Romania
Germany
Bulgaria

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