ECON 2.2

Mixed economies can evolve when societies with different kind of economies interact

• True

• False

Communist economies often embrace democracy and individual choice.

• True

• False

There is always some degree of government involvement in a mixed economy.

• True

• False

Socialist economies include aspect of both command and free enterprise systems

• True

• False

Communist countries like North Korea and Cuba are examples of mixed economies.

• True

• False

Which of the statements best describes the communist ideal?

• a classless society in which everybody works for the common good

• a classless society in which workers are motivated by financial incentives

• a society in which the working class is motivated by incentives to produce goods

• a society in which a small ruling class administers resources for the common good.

Why did Sweden move from a socialism to a more mixed economies in the 1980's?

• It's citizens citizens objected to the nation's high tax rate.

• it's citizens demanded that element of communism be adopted

• its government decided that welfare and health benefits were no longer needed

• its government decided that opening the country's petroleum industry would boost the economy.

Which of these are an accurate statement about a mixed economy?

• There are more mixed economies in the world than any other kind.

• Very few economies today can be accurately described as "mixed"

• Mixed economies exist mostly in nations with communist governments

• Most nations that once had a mixed economy have evolved into command economies.

Who did Karl Marx believe would be the beneficiaries of socialism?

• property owners

• the government

• workers

• capitalists

Which of the following describes a move away from capitalism?

• Sweden 1980's cutback on social programs

• the transformation of the former Soviet Union to today's Russia

• Venezuela's President, Hugo Chavez, taking over the country's oil industry in 1999.

• economic reforms following the Great Depression in the United States