Understanding Capitalism

Understanding Capitalism

Assessment

Interactive Video

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of capitalism?

To increase government control

To eliminate competition

To generate profits

To ensure equal distribution of wealth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which characteristic of capitalism allows individuals to own and control the means of production?

Economic mobility

Consumer sovereignty

Private ownership

Market economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of capitalism does the government have minimal intervention in the market?

Welfare capitalism

Laissez-faire capitalism

Social market economy

State capitalism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of capitalism is often associated with the United States and emphasizes innovation?

Social market economy

State capitalism

Welfare capitalism

Entrepreneurial capitalism

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the benefits of capitalism related to consumer experience?

Limited product choices

High prices

Wide range of choices

Government-determined prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does capitalism contribute to economic growth?

By increasing government control

By limiting innovation

By rewarding successful businesses

By discouraging competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major disadvantage of capitalism related to wealth distribution?

Inequality

Elimination of competition

Increased government control

Equal wealth distribution

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