Free market capitalism vs. Centrally-planned economy
Authored by Emily Moor
Geography
11th - 12th Grade
Used 9+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Private ownership of property e.g. homes/possessions
Free market capitalism
Centrally planned economy
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Private ownership of businesses; wages based on supply vs. demand and skill level.
Free market capitalism
Centrally planned economy
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Government ownership of property and land
Free market capitalism
Centrally planned economy
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The right to make a profit and accumulate any amount of wealth
Free market capitalism
Centrally planned economy
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Profits taken by the government and used to provide public services
Free market capitalism
Centrally planned economy
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Prices controlled by the government, which also controls the supply of goods and servies
Free market capitalism
Centrally planned economy
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The buying and selling of market goods and services in a competitive free market, with limited restrictions
Free market capitalism
Centrally planned economy
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