Quiz on Government and Economic Systems Gr 10 Term 3 Lesson 2

Quiz on Government and Economic Systems Gr 10 Term 3 Lesson 2

10th Grade

25 Qs

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Quiz on Government and Economic Systems Gr 10 Term 3 Lesson 2

Quiz on Government and Economic Systems Gr 10 Term 3 Lesson 2

Assessment

Quiz

Other

10th Grade

Practice Problem

Hard

Created by

Deon Strydom

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary goal of mercantilism?

Encourage competition

Maximize state reserves of gold and silver

Reduce government involvement

Promote free markets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system emerged as manorialism declined?

Mercantilism

Feudalism

Socialism

Capitalism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a key tool for governments to access resources?

Trade agreements

Taxation

Public spending

Foreign aid

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who funded the initial sea voyages aimed at discovering new routes?

Religious leaders

Wealthy merchants

Common citizens

Kings and rulers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the voyages of discovery lead to in Europe?

Inflation and economic growth

Decreased trade

Isolation from other countries

Political instability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one feature of mercantilism?

Promotion of small businesses

State control of economic activity

Encouragement of free trade

Decentralized power

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the laissez-faire policy promote?

Limited government interference

Increased tariffs

Centralized economic control

State monopolies

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