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WorksheetsCentrally Planned Economies
Total questions: 13
Worksheet time: 10mins
Name
Class
Date
1.
A social and political philosophy based on the belief that democratic means should be used to distribute wealth throughout society is called
a)
communism
b)
collectivism
c)
socialism
d)
authoritarianism
2.
The former Soviet Union was an example of a communist country where
a)
individual freedom was allowed
b)
free enterprise was encouraged
c)
consumers had many choices
d)
most economic and political power was controlled by the government
3.
Socialist believe economic equality is only possible if
a)
everyone makes the same amount of money
b)
the public controls the economy
c)
medical care is free
d)
no one has to pay taxes
4.
Who makes most basic decisions in a centrally planned economy?
a)
investors
b)
consumers
c)
government
d)
market forces
5.
What did Karl Marx believe about capitalism?
a)
that it was the source of all value
b)
that it led to exploitation of workers
c)
that it distributed wealth fairly in society
d)
that it was the inevitable product of socialism
6.
Which policy change was partly responsible for economic growth in China starting in the 1970s?
a)
imposing more controls on Chinese farmers
b)
forcing factory workers to work on farms
c)
promoting new agricultural products
d)
giving farmers the chance to own land
7.
What is one reason centrally planned economies tend not to be efficient?
a)
Workers lack the incentive to work harder.
b)
Decision-makers do not have enough power.
c)
Decision making is too decentralized to be effective.
d)
Factories produce too many types of goods.
8.
How did communist China manage to survive when the Soviet Union did not?
a)
China abandoned central planning.
b)
China was more effective at central planning.
c)
China did not engage in a military buildup.
d)
China introduced capitalist reforms.
9.
Which of the following is typical of a centrally planned economy?
a)
competition among producers
b)
consumer sovereignty
c)
government control
d)
private property
10.
Which of the following represents a difference between socialism and communism?
a)
Socialism requires central control of all productive resources; communism does not.
b)
Socialism may allow some free market practices; communism does not.
c)
Socialism emphasizes the equal distribution of wealth; communism does not.
d)
Socialism depends on authoritarian government; communism does not.
11.
What distinguishes an authoritarian government from a democratic one?
a)
It respects individual rights.
b)
It pursues capitalist economic policies.
c)
It discourages a strong central government.
d)
It requires strict obedience from its citizens.
12.
How were the Soviet Union and communist China similar?
a)
Both suffered from severe economic problems as a result of central planning.
b)
Both eventually became free market economies.
c)
Both were more successful in developing a thriving agriculture than in developing thriving industry.
d)
Both states turned away from communism and were able to avoid collapse.
13.
What is a disadvantage of central planning?
a)
no emphasis on economic equity
b)
lack of economic efficiency
c)
too much individual freedom
d)
overreliance on profit incentive
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