Government & Economics Review

Which economic system do you trade goods and services for other goods and services? No money is exchanged.

• Traditional/Barter

• Command/Communism

• Command/Socialism

• Free Market/Capitalism

Which economic system does the government own and control all the factors of production. They decide who gets what, and how much they can have?

• Command/Communism

• Command/Capitalism

• Free Market/Capitalism

• Barter/Traditional

How many basic economic systems are there?

• 2

• 3

• 4

• 5

Which of the following best describes a Capitalistic system?

• Being told what to buy and when you to buy from the government.

• Trading with other people for what you need and not exchanging money?

• Prices being determined by supply and demand and being free to make your own economic decisions.

What is capital?

• The means of production

• A material that will help you make money

• An important economic resource

• All are true

Which of your terms is best defined as "a system of distributing wealth, money, and resources?

• Economies

• Government

• Capital

• Monarchy

Which economic system are people free to chose what they want to buy?

• Free Market

• Command Economcy

• Traditional/Barter

What economic system is is controlled by the government?

• Command Economy

• Traditional Economy or Barter

• Free Market Economy or Capitalism

Which of the following is a type of Command Economy?

• Communism

• Socialism

• Fascism

• All are command Economies

Which form of government are run by a small group of tyrants, oppresses people, does not grant natural rights to it's people, and does not follow the rule of law?

• Authoritarian/Oligarchy

• Authoritarian/Republic

• Republic/Democracy

• Democracy/Oligarchy