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Economics Chapter 2 - Economic Systems

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12th Grade

Used 893+ times

Economics Chapter 2 - Economic Systems
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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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