Are The "Extreme" Economic Systems Totally Pointless?: Communism Starts To Unravel

Interactive Video
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Business, Social Studies
•
7th - 12th Grade
•
Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by 'psychic profits' in the context of worker motivation?
Physical rewards for job performance
Government incentives for workers
Monetary bonuses for extra work
Non-quantifiable benefits like pride and accomplishment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do communist systems struggle with economic planning?
They lack a mechanism for supply and demand
They rely too heavily on psychic profits
They have too many workers
They focus too much on individual needs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common consequence of government-controlled production in communist systems?
Efficient resource allocation
Surpluses and shortages of goods
Balanced supply and demand
Increased worker motivation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do black markets affect trust in communist governments?
They increase government control
They enhance economic efficiency
They have no impact on government trust
They undermine trust in the state's ability to provide
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What realization do most communist nations come to regarding economic systems?
Complete government control is most effective
Free markets are necessary for efficiency
Supply and demand should be ignored
Psychic profits are the only motivator needed
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