Economics American Free Enterprise Capitalisms

Economics American Free Enterprise Capitalisms

12th Grade

13 Qs

quiz-placeholder

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Economics American Free Enterprise Capitalisms

Economics American Free Enterprise Capitalisms

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Alexis Ruiz

Used 3+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a characteristic of Capitalism?

Free Market

Privately Owned Business

For Profit Business

All Choices are Correct

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Communism supports class warfare in order to ensure all property is owned by each individual in a society.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the defining characteristic of Socialism?

Private ownership of the means of production with an emphasis on democratic control

Social ownership of land with authoritarian control

Social ownership of the means of production, with an emphasis on democratic control

All choices are correct

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Capitalism is the least flexible economic system.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The biggest issue nations transitioning to capitalism face is which of the following?

Economic Uncertainties

Lack of Social Welfare Safety Nets

Loss of Control by Government Officials

All Choices Are Correct

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic Freedom, Voluntary Exchange, Private Property Rights, Profit Motive, Competition are all characteristics of which of the following?

Russian Communism

American Free Enterprise Capitalism

German Totalitarianism

French Social Economics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of Economic Freedom?

The right to choose your occupation

The right of businesses to decide what to produce

The right to manufacture only what government tells you

The right to choose your employer

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