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Comparing Polit and Econ Systems & Spice Girls "3 Lists"

Total questions: 31

Worksheet time: 2hrs 13mins

Name
Class
Date
1.

The father of modern socialism and communism, and most significant critic of capitalism as it developed during the early Industrial Revolution.

a)

Adam Smith

b)

Thomas Paine

c)

Marie Curie

d)

Karl Marx

e)

Madama C. J. Walker

2.

This German philosopher called capitalism the "dictatorship of the proletariat" and believed it would eventually self-destruct.

a)

Adam Smith

b)

Thomas Paine

c)

Marie Curie

d)

Karl Marx

e)

Madame C. J. Walker

3.

How do citizens of a typical socialist country help to fund government programs?

a)

by paying higher taxes

b)

by giving up pensions

c)

by paying higher rents

d)

through welfare payments

e)

none of the above

4.

Which factor of production exists whether or not humans are involved?

a)

all factors of production

b)

labor

c)

capital

d)

land

e)

none of the above

5.

Select all of the listed components of a free market system.

a)

buyers and sellers are free to buy and sell as they wish

b)

workers can quit their jobs and seek new ones

c)

private ownership of capital and investments are determined by private decision, not public authorities

d)

most likely to exist in a democratic nations, where security and the rule of law are protected by the government

e)

none of the above

6.

TRUE, FALSE, or DIFFICULT TO DETERMINE: A free enterprise system lets consumers, entrepreneurs, and workers enjoy freedom of choice.

a)

TRUE

b)

FALSE

c)

DIFFICULT TO DETERMINE

7.

TRUE, FALSE, or DIFFICULT TO DETERMINE: A capitalistic system--a free enterprise system--is based on four fundamental factors: private ownership, individual initiative, profit, and competition.

a)

TRUE

b)

FALSE

c)

DIFFICULT TO DETERMINE

8.

TRUE, FALSE, or DIFFICULT TO DETERMINE: The protection of the rights of private ownership is also important, particularly in the United States. The 5th and 14th amendments declare that no person may be deprived “of life, liberty, or property, without due process of law.” The 5th Amendment also says that “just compensation” must be paid to owners when their private property is taken for some public use.

a)

TRUE

b)

FALSE

c)

DIFFICULT TO DETERMINE

9.

In a free enterprise system, individuals own the right to their own labor. They sell that labor by taking a job, and the pay they receive represents the price paid for their work. In other economic systems, workers may have little choice as to the kinds of work they will do and little opportunity to change jobs or pay.

a)

TRUE

b)

FALSE

c)

DIFFICULT

10.

Select the four fundamental factors of "a capitalistic system--a free enterprise system"...from the following list.

a)

private ownership

b)

individual initiative

c)

strict governmental regulation and control of production

d)

profit

e)

competition

11.

A firm that is the only source of a product or service is called.....

a)

supply

b)

demand

c)

monopoly

d)

equilibrium

e)

surplus

12.

When supply and demand are in balance, what is occurring?

a)

shortage

b)

surplus

c)

monopoly

d)

equilibrium

e)

equality

13.

When supply is high and demand is low, what is occurring?

a)

shortage

b)

demand

c)

monopoly

d)

surplus

e)

equilibrium

14.

Which law prohibits "every contract, combination in the form of a trust or otherwise, or conspiracy in restraint of trade of commerce among the several States, or with foreign nations?

a)

The Voting Rights Act

b)

The Sherman Anti-Trust Act

c)

The Civil Rights Act

d)

none of the above

e)

all of the above

15.

What type of monopoly exists " when several corporations in the same line of business work together to eliminate competition from the market and regulate prices?"

a)

trunk

b)

trap

c)

truck

d)

trust

e)

none of the above

16.

To further promote entrepreneurship and foster competition, Congress established the Anti-Trust Division in the Department of Justice in THIS YEAR.

a)

1893

b)

1933

c)

1983

d)

2013

e)

none of the above

17.

From the list below, "select all of the powers" the Constitution grants to Congress

a)

to regulate the value of US money, and provide for the punishment of counterfeiting

b)

granting inventors "the exclusive Right to their respective Writings and Discoveries"

c)

to establish bankruptcy laws

d)

power to regulate commerce with foreign nations among the States

e)

none of the above

18.

Author of The Wealth of Nations, in 1776, who wrote that "when all individuals are free to pursue their own private interests, an “invisible hand” works to promote the general welfare."

a)

Karl Marx

b)

John Maynard Keynes

c)

Adam Smith

d)

Janet Yellen

e)

Elinor Ostrom

19.

Select from the list below, all of the allowable roles governments may play under laissez-faire theory.

a)

foreign relations

b)

national defense

c)

maintenance of courts to promote the free play of competition and the operation of the laws of supply and demand

d)

maintenance of police protection of private property, health, safety, and morals of people

e)

none of the above

20.

With which statement would a strict proponent of laissez-faire capitalism agree?

a)

Congress would spend little to no time on the creation of laws regulating the economy.

b)

The government should leave the business of providing police protection in the hands of private companies

c)

Huge profits are guaranteed in free enterprise system

d)

Government should assist entrepreneur in becoming and remaining

21.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES":

Breakfast, Lunch or Dinner

a)

Breakfast

b)

Lunch

c)

Dinner

22.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES"

COLLEGE: In State, Out of State, Florida State

a)

In State

b)

Out of State

c)

Florida State

23.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES"-

Gainesville Resturants: Bento, Dragonfly, Bangkok

a)

Bento

b)

Dragonfly

c)

Bangkok Square

24.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES":

ABC, NBC, BBC

a)

ABC

b)

NBC

c)

BBC

25.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES": MOVIES

Coming 2 America, Hamilton, Nomadland

(four choices---but sort of a freebie question if you are a Spice Girls fan)

a)

Coming 2 America

b)

Hamilton

c)

Nomadland

d)

"Anything but Hamilton"

26.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES":

Taylor Swift, Billie Eilish, Megan Thee Stallion

a)

Taylor Swift

b)

Billie Eilish

c)

Megan Thee Stallion

27.

Spice Girls 2021 PRESENT THEIR "LISTS of THREES"-Streaming Services: HBO, Netflix, Hulu

a)

HBO

b)

NETFLIX

c)

HULU

28.

Choose ALL events that occurred in 2001 in the list below

a)

George Bush becomes President

b)

Terrorists demolish the World Trade Center

c)

Hurricane Katrina devastates New Orleans

d)

United States invades Afghanistan

e)

none of the above

29.

Choose ALL events that occurred in the 2000 decade from the list below

a)

Bill Clinton elected President

b)

James Brown dies

c)

Supreme Court upholds use of racial preferences in admission to University of Michigan Law School

d)

August Wilson wins Pulitzer Prize for his play FENCES

e)

Barack Obama elected

30.

In the latest mock NFL draft, who is project to be taken by the New York Jets with their first pick?

a)

Trevor Lawrence, CLEMSON

b)

Zach Wilson, BYU

c)

Justin Fields, OHIO STATE

d)

none of the above

31.

Which NFL team recently made a blockbuster deal for the No. 3 spot?

a)

Miami Dolphins

b)

Buffalo Bills

c)

San Francisco 49ers

d)

Jacksonville Jaguars

e)

none of the above