What does capitalism in the United States prioritize to ensure economic freedom?
Economic Systems SS.7.CG.3.15

Quiz
•
Social Studies
•
7th Grade
•
Hard
Danelle Littles
Used 16+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government control over businesses
Free market and individual enterprise
Equal wealth distribution among citizens
State ownership of property
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a free market contribute to raising the standard of living for citizens?
By ensuring equal income for all
Through strict government regulations
By limiting economic opportunities
By encouraging competition and innovation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of capitalism over government-controlled economic systems?
Decreased individual freedom
More economic opportunities
Less economic prosperity
Higher taxes on individuals
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of socialism and communism?
Economic freedom
Equal distribution of resources
Government control over economy
Planned economic activities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What aspect of capitalism is most crucial for improving citizens' quality of life?
Central planning of the economy
Mandatory sharing of profits
Unlimited government intervention
Economic prosperity through free enterprise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an economic system?
how society produces goods and services
individuals own their own property
producers and consumers
to eliminate inefficient producers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the statements about Capitalism are true, EXCEPT
own their own property
free to use their property without government interference
sell goods and services to other citizens in hopes of making a profit
the government controls all human and natural resources
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