
3.1- Economic systems
Authored by Eneko Aurrekoetxea
History
9th Grade
Used 2+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Economy is defined as ...
the management of the house, like they meant in Ancient Greece.
trading goods in order to make the maximun profit.
the management of personal finances.
every human activity that has the purpose of satisfying our unlimited needs.
the analysis of economic events throughtout history and their impact on society.
2.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Who is considered to be the founder of the capitalist theory?
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What was the economic situation in Europe before the appearance of capitalism?
The king was in charge of guaranteeing some basic services to the population.
The country's economy was strongly controlled by the king and the nobility.
The king allowed free trade inside his kingdom, without any restrictions.
The nobility was in charge of planning the kingdom's economy, to benefit the population.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The capitalist economic system is based on ...
the strick regulation of private activities and open competition.
the total planification of the economy by the regional governments.
the importance of the public sector, tax collection and the guarantee of basic services.
the defense of private property, free market and open competition.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of the State in a capitalist economy?
Do not intervene in the economy and let it regulate by his own
To create a controlled economy, with a centralized planning
To redistribite wealth and ensure economic equality.
To control and regulate only the most important economic activities.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the prices in a capitalist economy?
The law of supply and demand.
The central government’s planification.
Agreements made between workers and employers.
The law of diminishing returns.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does "supply" mean?
How much profit will the company obtain.
The highest price at which a product can be sold
To remove products that are not going to be sold.
The the number of products available.
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