The Economic Systems of USA and Europe

What is not a principle of a market economy?

• Competition

• Private Property

• State Subsidies

• Prices made by supply and demand

Who decides what kind of goods are produced in a market economy?

• The national government

• The president and the party leaders

• The Customers

• The Shareholders at the Stock Market

What is the purpose of a company in a market economy?

• To make profit

• To get government subsidies

• To bring income for friends and family members of the political elite

• To bring welfare for the whole society

Which of these countries come closest to the ideal type of a free market market economy?

• USA

• China

• Germany

• France

What is not a typical feature of a free market economy

• Easy hiring and firing

• Weak trade unions

• Generous unemployment benefits

• Unequal income distribution

Where does the financing of economic activities comes from in a typical free market economy?

• From private investors and the stock market

• From Government Loans

• From Government Subsidies

• From private banks and cooperatives

What is a typical feature of a coordinated market economy?

• Risk-avoiding business culture

• Oriented towards short-term profitability

• Weak trade unions

• Many start-up companies

Which of these country has the highest number of people in lower-income households?

• Germany

• France

• United Kingdom

• USA

Which country (with more than 10 mio. citizens) has the highest number of billionaires per one million citizens?

• China

• Switzerland

• USA

• Germany

What was the official poverty rate of the USA in September 2021?

• 11.6 percent

• 4.8 percent

• 18.4 percent

• 26.2 percent