Econ Systems Quiz

Econ Systems Quiz

6th Grade

15 Qs

quiz-placeholder

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Econ Systems Quiz

Econ Systems Quiz

Assessment

Quiz

Business

6th Grade

Practice Problem

Medium

Created by

Charles Webb

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main idea behind communism?

Private ownership of all property

Public ownership of all property

Limited government intervention in the economy

Free market competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is based on the principle of private property and free market?

Socialism

Communism

Capitalism

Feudalism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which system does the government play a significant role in regulating the economy?

Capitalism

Socialism

Anarchism

Libertarianism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of a capitalist economy?

Government ownership of production

Profit sharing among all workers

Competition among businesses

Equal wealth distribution

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of communism?

Classless society

Free market policies

State ownership of resources

Abolition of private property

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does socialism aim to reduce?

Competition

Innovation

Inequality

Investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which system can be described as a transition state between capitalism and communism according to Marxist theory?

Socialism

Anarchism

Totalitarianism

Democracy

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