Search Header Logo

Economic Systems

Authored by Jaime Reyes

History

9th - 12th Grade

Used 9+ times

Economic Systems
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Laissez-faire means...

Hats off
Hands around
Hands off
Hands on

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government or groups of workers might control these resources but the profits are divided among the people.

Capitalism
Communism 
Socialism
Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a socialist economy, the wealth is distributed evenly among citizens.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This economic system is based on competition, profits, and self-interest.

Socialism
Communism
Capitalism

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a "pure" communist society, who are the wealthiest and most powerful people?

Intellectuals
Business leaders
Military leaders
No One--every member of society is supposed to be equal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Communist country, workers have no ________ to work harder.

Time
Help
Ability
Incentive

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

How does socialism differ from capitalism?

In socialism, the goverment controls the means of production; whereas, capitalism focuses on the private owner.
In socialism, the goverment provides subsidies for small buisnesses; whereas, capitalism only depends on the corporations to spark the economy.
In socialism, the goverment does not provide any form on humanitarian aid; whereas, capitalism funds small buisness with tax relief.
In socialism, the government controls what the consumer can purchase; whereas, capitalism controls what the business can market.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?