Economic Systems Quiz

A ______ economic system is one in which the government does not interfere with individuals involved in free enterprise.

• command
• controlled
• free-market
• regulated

A ______ system is a system of pure capitalism, which allows business leaders to operate in order to gain profits with little to no government interference.

• planned economy
• free-market system
• socialist system
• command economy

Donating money for social or cultural improvement or enrichment is ________.

• Generosity
• Benevolence
• Altruism
• Philanthropy

________ are people who create, manage, and assume the risks of starting a new business.

• Managers
• Innovators
• Entrepreneurs
• Employees

The ________ was the period from 1877 to about 1900, which was marked by industrial growth, great wealth for a few, massive immigration, urbanization, and political corruption.

• Bronze Period
• Golden Era
• Silver Age
• Gilded Age

________ was a political movement marked by demands for more government control of business, support for ordinary Americans, and political reforms.

• Conservatism
• Anarchism
• Socialism
• Progressivism

The ________ was a Protestant movement of the late 1800s and early 1900s that urged believers to work for social justice.

• Social Gospel
• Social Reform
• Gospel of Wealth
• Charity Movement

The relocation of people from one country to another is ________, which reached very high levels in the late 1800s and early 1900s.

• migration
• exodus
• immigration
• emigration

A ________ is a tightly run political operation that allows the head-called the boss-to control elections and government contracts within a state or a city.

• political group
• government syndicate
• election cartel
• political machine

An 1887 law, the ________ created the Interstate Commerce Commission and gave it power to regulate railroads that operated across state lines.

• Interstate Commerce Law
• Interstate Trade Act
• Interstate Commerce Act
• Interstate Regulatory Commission