Economic Theories in Government 1.3

Economic Theories in Government 1.3

11th - 12th Grade

10 Qs

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POLITICAL SCIENCE CLASS 11

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Economic Theories in Government 1.3

Economic Theories in Government 1.3

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Brad Sievers

Used 37+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the founder and creator of capitalism?

Adam Smith
Karl Marx
Friedrich Engels
Bernie Sanders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is considered the father of communism?

Adam Smith
Mr. Harnew
Karl Marx
Mr. Reece

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following economic systems gives PEOPLE all the power in the economy?

market economy
mixed economy
traditional economy
command economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People that buy a product

Consumers
producers
goods
services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system allows government and private businesses to make economic decisions?

Market
Mixed
Traditional
command

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which quote best identifies with capitalism?

"Sharing is caring"
"Get rich or die trying"
"Government first"
"Never talk back to authority"

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy has a private and public sector, the characteristics of a free market, and is the most common economic system today?

Free Market Economy
Mixed Economy
Command Economy
Traditional Economy

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