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Economic Systems

Authored by Michael Knittel

Social Studies

10th Grade

Used 1+ times

Economic Systems
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17 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Is the founder of capitalism

Adams Smith

Karl Marx

Frederick Engles

King Louie

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Wrote the Communist Manifesto (2 correct answers)

Adams Smith

Karl Marx

Frederick Engles

King Louie

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Wrote the Wealth of Nations

Adams Smith

Karl Marx

Frederick Engles

King Louie

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

wrote describes capitalism (where the goal is to make profits).  

Adams Smith

Karl Marxs

Fredrick Engles

King Louie

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

__ is the founder of the economic system called communism.

Adams Smith

Karl Marxs

Fredrick Engles

King Louie

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

_ _ is. a term that describes different people compete against each other.  Companies decide what goods and services to sell and customers decide what to buy and how much to spend.

Free Market Economy

Command Economy

Productivity

Division of Labor

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

_ _ means how much is being produced?

Invisible Hand

Supply and demand

Private Property

Productivity

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