Economic Systems

Economic Systems

7th Grade

13 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

7th Grade

Hard

Created by

Omaura Marte

Used 51+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"From each according to his ability," meant

People would work at what the company needed.

People would work if they wanted to.

People would work at what they loved and did well.

People would work until they got tired.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Abolition of private property in land and destine it to public purposes for all to use.

Capitalism

Socialism

Communism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"To each according to his need" meant

It would distribute goods and services to everyone as they required them.

It would distribute goods and services to those that invested their own money.

It would distribute goods and services to everyone as they wanted them.

It would distribute goods and services to unequally.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The community would take care of those who couldn't work. Those who were able to work would be motivated by enlightened self-interest.

Capitalism

Communism

Feudalism

Socialism

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The leaders create a plan that outlines their choices. It's executed with laws, regulations, and directives.

The goal of the plan is to give to "each according to his need."

Socialism

Capitalism

Communism

Feudalism

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The laws of supply and demand don't set prices, the government does.

Socialism

Capitalism

Communism

Feudalism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

China,Cuba and North Korea are incorrectly described as

Socialist

Communist

Capitalist

Mixed

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