Communism, Socialism, Capitalism
Quiz
•
History
•
KG - Professional Development
•
Practice Problem
•
Hard
Ana Valdes
Used 111+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Who created the concept for communism?
Kevin Max
Bob Ewell
Karl Marx
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What would be best described as an economic system?
An organized system in which the government allocates, distributes, and trade the wealth of a country
A nation's way of addressing economic issues in the country
A system in which a government decides who gets what
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What are the characteristics of capitalism?
Select all that apply:
Public ownership
Competition
Free Market Trade
Profit/Loss
Private Ownership
4.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Describe the concept of supply and demand:
5.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What time of economic system does the US have?
Socialism
Capitalism
Communism
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Why is socialism not communism?
It's a different name
The public still has the right for some private ownership
Effort and reward system
7.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What best describes socialism?
Select all that apply:
Collective ownership w/ few exceptions
Lies in the middle of capitalism and communism
Strives to economically equalize all parts of society
Economic regulation
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