5.b Communism vs Capitalism Questions

Within communist economies, resources can be moved quickly on a large scale. Which statement explains why this is a benefit when compared to capitalist economies?

• It allows individual business owners to make decisions.

• It allows businesses to make goods without paying taxes.

• It prevents the government from getting involved in business.

• It avoids the self-interest and decisions of individual people.

In a democracy, who would be MOST likely to decide who gets to be the leader of a city government?

• the judges

• the Governor

• the citizens

• the President

Which statement is a PRIMARY characteristic of a capitalist system?

• graduated income tax

• private ownership of property

• equal distribution of resources

• governmental regulation of business

Which statement shows a basic difference between a democracy and an autocracy?

• Autocracies limit participation in government while democracies encourage it.

• Autocracies are "rule by an elite group" while democracy is "rule by the masses.”

• Autocracies no longer exist and democracies are the only form of government left.

• Autocracies are limited by a constitution while democracies have no legal limits.

Which of these is the BEST example of "unlimited government"?

• Republics

• Democracies

• Authoritarian government

• Constitutional monarchies

Choose THREE examples of beliefs held by those who support communism.

• The government has better resources to manage production than private companies.

• Individual welfare is more important than the welfare of a society or nation.

• Private ownership of property creates inequality and it should not be allowed.

• Communism allows for more personal freedoms and less government interference.

• An organized national economy will eventually eliminate poverty throughout the country.

Select the THREE statements about capitalism that are NOT true for communism.

• wealth distributed equally

• wealth distributed unevenly

• democratic system of government

• healthcare provided by government

• property owned privately by citizens

Which statement BEST explains how prices in a communist economy, when compared to a capitalist economy, are decided?

• The government sets the prices, not supply and demand.

• Prices are decided by supply and demand, not the voters.

• People vote on prices and they are not regulated by government.

• Business decide on prices and the government does not interfere.

Exit Ticket: Which of the following is NOT a part of a “free market” economy?

• Consumers have economic power

• Producers have economic power

• Based on supply and demand

• People have private property

• People buy what they are allowed to buy

1. During the 1960s and 1970s, which of these had the GREATEST impact on the economy of the nations shown in red?

• 1. Communism

• 1. Terrorism

• 1. Catholic Church

• 1. Orthodox Church