Economics Chapter 2 - Economic Systems
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12th Grade
Used 895+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is possible for socialism to exist in a democracy.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is possible for communism to exist in a democracy.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To change from government ownership to private ownership
Nationalize
Privatize
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To change from private ownership to government ownership
Nationalize
Privatize
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States is a pure market economy.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a person has an idea for an invention and gets it patented, his idea is protected by law.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government makes all economic decisions
Traditional
Command
Market
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