Capitalism

Capitalism

8th Grade

15 Qs

quiz-placeholder

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Capitalism

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Assessment

Quiz

Social Studies

8th Grade

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Book "The Wealth of Nations" provides the basic theory of

Socialism

Communism

Capitalism

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Invisible hands is

the name of Adam Smith's Book

invisible forces that move the economy

the government force over the market

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is a fundamental idea of laissez-faire capitalism

Workers should own the means of production

Businesses should gain and lose according to their own effort

Government should control output and wages

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Capitalism characteristics are............................

(THREE answers)

private property

freedom of choice

collective ownership

competition

Economic, Social and Political Equality

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Market or supply & demand determines prices in Capitalism

True

Falso

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A present-day example of laissez-faire economics would be

minimun wage laws

farm subsidies

deregulation of the airline industry

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a characteristic of capitalism?

Free market

Government control

Economic freedom

Consumer choice

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