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Review Economic Theories

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

Ideally, we wouldn’t have separate classes such as rich, middle class, and poor.

a)

capitalism

b)

socialism/communism

c)

mixed ecnomy

2.

Quality and wide variety of products would not be possible without a free market system.

a)

capitalism

b)

socialism/communism

c)

mixed economy

3.

It is best when people work together and look out of the best interest of everybody.

a)

capitalism

b)

socialism/communism

c)

mixed economy

4.

There needs to be some sort of regulation (rules) on business practices.

a)

capitalism

b)

socialism/communism

c)

mixed economy

5.

If you regulate businesses, it will stifle (stop) growth and innovation.

a)

capitalism

b)

socialism/communism

c)

mixed economy

6.

Governments should spread wealth among all members of society.

a)

capitalism

b)

socialism/communism

c)

mixed economy

7.

Class systems are natural and nothing should be done to interfere with them.

a)

capitalism

b)

socialism/communism

c)

mixed economy

8.

Laws should protect against work days lasting longer than 8 hours.

a)

capitalism

b)

socialism/communism

c)

mixed economy

9.

A separation in classes is ok as long as the upper class does its part to help those who struggle to get by.

a)

capitalism

b)

socialism/communism

c)

mixed economy

10.

Ideally, we wouldn’t have separate classes such as rich, middle class, and poor.

a)

capitalism

b)

socialism/communism

c)

mixed economy

11.

Ideally, we wouldn’t have separate classes such as rich, middle class, and poor.

a)

capitalism

b)

socialism/communism

c)

mixed economy