SS.912.A.3.10

Which economic ideology advocates for private ownership of the means of production and minimal government intervention in the economy?

• Socialism

• Capitalism

• Communism

• Feudalism

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FL.SS.912.A.3.10.

Who is most closely associated with the philosophy of communism?

• Adam Smith

• Karl Marx

• John Locke

• Thomas Jefferson

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FL.SS.912.A.3.10.

Which term describes an economic system where the government controls all major aspects of the economy and production?

• Capitalism

• Socialism

• Communism

• Mercantilism

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FL.SS.912.A.3.10.

What is the main goal of socialism as an economic ideology?

• Maximizing individual profit

• Achieving social equality

• Expanding colonial territories

• Promoting free trade

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FL.SS.912.A.3.10.

Which philosopher is known for the concept of the "invisible hand" in economics?

• Karl Marx

• Adam Smith

• John Stuart Mill

• Vladimir Lenin

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FL.SS.912.A.3.10.

Match the following ideologies with their key characteristics: 1. Capitalism 2. Communism A. Private property and free markets B. Classless society and collective ownership

• 1-A, 2-B

• 1-B, 2-A

• 1-A, 2-A

• 1-B, 2-B

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FL.SS.912.A.3.10.

Given the following scenario, identify which economic ideology is being described: "The government owns all factories and farms, and wealth is distributed equally among citizens."

• Capitalism

• Socialism

• Communism

• Mercantilism

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FL.SS.912.A.3.10.

Which of the following best explains the difference between socialism and capitalism?

• Socialism promotes private ownership, while capitalism promotes government ownership.

• Socialism seeks to reduce economic inequality, while capitalism emphasizes individual profit.

• Both systems reject the idea of free markets.

• Capitalism and socialism have identical views on property rights.

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FL.SS.912.A.3.10.

A country has a mixed economy with both private businesses and government-owned enterprises. Which ideology does this most closely align with?

• Pure capitalism

• Pure communism

• Socialism

• Feudalism

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FL.SS.912.A.3.10.

Which of the following scenarios best illustrates the concept of laissez-faire economics?

• The government sets prices for all goods and services.

• Businesses operate with little to no government regulation.

• The government owns all major industries.

• All citizens receive equal shares of national wealth.

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FL.SS.912.A.3.10.