Economies

Which type of economy has the government control all of what to produce, companies, and goods?

• Traditional
• Autocracy
• Mixed
• Command

Which type of economy has the government and the citizens participate in what to produce and how to produce it?

• Traditional
• Autocracy
• Mixed
• Command

______________get to make the economic decisions under capitalism.

• Individuals
• Government
• Literally no one
• The President 

Which is NOT a characteristic of Capitalism?

• Market Economy
• Supply and Demand
• Freedom of Competition
• Classless Society

The government or groups of workers might control these resources but the profits are divided among the people.

• Capitalism
• Communism 
• Socialism
• Mixed Economy

In a socialist economy, the wealth is distributed evenly among citizens.

• True
• False

In a socialist country, citizens pay LESS in taxes than those who live in a capitalist country. 

• True 
• False

This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.

• Socialism
• Communism
• Mixed Market Economy 
• Capitalism 

This economic system is based on competition, profits, and self-interest.

• Socialism
• Communism
• Capitalism

In a "pure" communist society, who are the wealthiest and most powerful people?

• Intellectuals
• Business leaders
• Military leaders
• No One--every member of society is supposed to be equal

Tags

CCSS.RI.5.7

CCSS.RI.6.7

CCSS.RL.5.7

CCSS.RL.6.9

CCSS.RL.7.7