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WorksheetsCommunism, Socialism, Capitalism
Total questions: 10
Worksheet time: 4mins
Who created the concept for communism?
Kevin Max
Bob Ewell
Karl Marx
What would be best described as an economic system?
An organized system in which the government allocates, distributes, and trade the wealth of a country
A nation's way of addressing economic issues in the country
A system in which a government decides who gets what
What are the characteristics of capitalism?
Select all that apply:
Public ownership
Competition
Free Market Trade
Profit/Loss
Private Ownership
Describe the concept of supply and demand:
(a)
What time of economic system does the US have?
Socialism
Capitalism
Communism
Why is socialism not communism?
It's a different name
The public still has the right for some private ownership
Effort and reward system
What best describes socialism?
Select all that apply:
Collective ownership w/ few exceptions
Lies in the middle of capitalism and communism
Strives to economically equalize all parts of society
Economic regulation
What percentage of our GDP do we rely on the competition of small businesses?
80%
51%
50%
25%
Capitalism believes that __________ should/n't interfere with business.
foreign affairs
the president
society
the government
Who blames capitalism for creating a gap between the rich and the poor?
Economists
Socialists
Communists
Society
