Economics Chapter 2

Economics Chapter 2

12th Grade

21 Qs

quiz-placeholder

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Economics Chapter 2

Economics Chapter 2

Assessment

Quiz

History

12th Grade

Practice Problem

Medium

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economic system in which the government makes all economic decisions

economic system

command economy

market economy

traditional economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

systems require absolute obedience to to those in power

Socialism

Communism

Authoritarian

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the government owns all the factors of production and there is little or no political freedom

Socialism

Communism

Authoritarian

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Karl Marx was born in which country?

Germany

Russia

France

England

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Friedrich Engels?

a Russian articrat

Marx's cousin

son of a factory owner

son of a restaurant owner

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Some of the people that Karl Marx's writing influenced were:

(check all that apply)

Friedrich Engels

V. I. Lenin

Drake

Mao Zedong

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

involves all the actions sellers, acting independently do, to get buyers to purchase their products

Laissez faire

Capitalism

Profit

Competition

Voluntary Exchange

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