GOVT Political and Economic Systems Quiz

Which form of economy allows for a free enterprise system in which businesses are allowed to compete?

• Communism
• Cannbalism
• Socialism
• Capitalism

What is the primary reason for motivation in a free enterprise system?

• Competition with others
• Potential to make a profit
• Own your own business
• Set your own schedule

Which form of economy peacefully works towards providing economic equality?

• Communism
• Realism
• Socialism
• Capitalism

Which form of economy supports a violent revolution and all facets of the economy are controlled by the government?

• Communism
• Cubism
• Socialism
• Capitalism

Which form of economy calls for higher taxes for an increased number of welfare programs and where the government takes the role of a "mother hen."

• Communism
• Buddhism
• Socialism
• Capitalism

Which form of economy allows the majority of its property to be privately owned by its citizens?

• Communism
• Taoism
• Socialism
• Capitalism

Which form of economy allows only state controlled single-party elections?

• Communism
• Organism
• Socialism
• Capitalism

This occurs when a nation imports more goods than it exports per year.

• Trade Surplus
• Embargo
• Trade Deficit
• Tariff

This occurs when a nation exports more goods than it imports per year.

• Trade Surplus
• Embargo
• Trade Deficit
• Tariff

Which form of government has one leader with absolute control and gives very few rights to its citizens?

• Democracy
• Totalitarian
• Theocracy
• Anarchy