Capitalism and Socialism

Capitalism and Socialism

6th - 8th Grade

10 Qs

quiz-placeholder

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Capitalism and Socialism

Capitalism and Socialism

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Medium

Created by

Geoffrey Bishop

Used 845+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Government control of industry.

Capitalism
Socialism

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is Capitalism?

A system where the government controls business
Capitalism is an economic system where the means of production are privately owned and operated for profit! 
A economic system in which the people have limited rights
An economic system in which most property and resources, such as factories or farms, are publicly owned or controlled.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

______________get to make the economic decisions under capitalism.

Individuals
Government
Literally no one
The President 

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The government has some control over the economy and provides basic services like health care and housing.

Capitalism
Socialism
Communism

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Capitalism promotes competition with other products and businesses.

True

False

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Socialism distributes goods to each individual's needs.

True

False

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

In a socialist society, every person would be unequal, regardless of race, gender, religion, or nationality.

True

False

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