Economics 2nd Qtr. Reyes

Which is not an economic system?

• Capitalism

• Communism

• Socialism

• Fascism

In which economic system is the GOVERNMENT in control of land, resources, and factories?

• Socialism

• Communism

• Capitalism

• Mercantilism

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

• Communism

• Capitalism

• Socialism

• Fascism

In which economic system are the working class people as a WHOLE in charge of owning land, resources, and factories?

• Communism

• Capitalism

• Socialism

• Fascism

Greed is a weakness of which system?

• Capitalism

• Socialism

• Communism

• Fascism

Low production of resources is a weakness of which 2 systems?

• Capitalism and Communism

• Socialism and Capitalism

• Communism and Socialism

There is a great divide between people with high incomes and low incomes in which system?

• Fascism

• Socialism

• Capitalism

• Communism

Which economic system encourages high quality, achievement, and production?

• Capitalism

• Communism

• Socialism

Competition is encouraged in which system?

• Socialism

• Capitalism

• Communism

Cooperation is encouraged over competition in which system?

• Capitalism

• Fascism

• Socialism

• Communism