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Socialism and Capitalism

Total questions: 30

Worksheet time: 37mins

Name
Class
Date
1.
Government control of industry.
a)
Capitalism
b)
Socialism
2.
What is Capitalism?
a)
A system where the government controls business
b)
Capitalism is an economic system where the means of production are privately owned and operated for profit! 
c)
A economic system in which the people have limited rights
d)
An economic system in which most property and resources, such as factories or farms, are publicly owned or controlled.
3.
______________get to make the economic decisions under capitalism.
a)
Individuals
b)
Government
c)
Literally no one
d)
The President 
4.
The government has some control over the economy and provides basic services like health care and housing.
a)
Capitalism
b)
Socialism
c)
Communism
5.

Capitalism promotes competition with other products and businesses.

a)

True

b)

False

6.

Socialism distributes goods to each individual's needs.

a)

True

b)

False

7.

In a socialist society, every person would be unequal, regardless of race, gender, religion, or nationality.

a)

True

b)

False

8.
Private ownership of industry.
a)
Capitalism
b)
Socialism
9.
Equal distribution of wealth.
a)
Capitalism
b)
Socialism
10.
No or limited government interference in industry.
a)
Capitalism
b)
Socialism
11.
This economic system is based on competition, profits, and self-interest.
a)
Socialism
b)
Communism
c)
Capitalism
12.
How does socialism differ from capitalism?
a)
In socialism, the goverment controls the means of production; whereas, capitalism focuses on the private owner.
b)
In socialism, the goverment provides subsidies for small buisnesses; whereas, capitalism only depends on the corporations to spark the economy.
c)
In socialism, the goverment does not provide any form on humanitarian aid; whereas, capitalism funds small buisness with tax relief.
d)
In socialism, the government controls what the consumer can purchase; whereas, capitalism controls what the business can market.
13.
This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.
a)
Socialism
b)
Communism
c)
Mixed Market Economy 
d)
Capitalism 
14.
What was a long term result of the Industrial Revolution?
a)
A cleaner natural environment
b)
Animal Preservation
c)
Worker Unions and Labor Laws
d)
A second Neolithic Revolution
15.

In which economic system is the GOVERNMENT in control of land, resources, and factories?

a)

Socialism

b)

Capitalism

c)

Communism

16.

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

a)

Communism

b)

Socialism

c)

Capitalism

17.

Greed is a weakness of which system?

a)

Capitalism

b)

Communism

c)

Socialism

18.

Low production of resources is a weakness of which 2 systems?

a)

Capitalism and Communism

b)

Communism and Socialism

c)

Socialism and Capitalism

19.

The government becoming too powerful is a weakness of which system?

a)

Capitalism

b)

Socialism

c)

Communism

20.

The government is strongly involved in which economic system?

a)

Capitalism

b)

Socialism

c)

Communism

21.

There is a great divide between people with high incomes and low incomes in which system?

a)

Socialism

b)

Communism

c)

Capitalism

22.

People are given money according to their contribution and needs in which economic system?

a)

Capitalism

b)

Socialism

23.

Which economic system encourages high quality, achievement, and production?

a)

Socialism

b)

Communism

c)

Capitalism

24.
Until the 1800s, how did most families get the items they needed for daily life?
a)
They made tools, clothing, materials, and food by hand.
b)
They bought them from factories.
c)
They bought them on the Internet.
d)
They bought them from stores.
25.
In which country did the Industrial Revolution begin?
a)
The United States
b)
England
c)
France
d)
Germany
26.
Which 2 natural resources were the backbone of the Industrial Revolution?
a)
wood and peat
b)
oil and natural gas
c)
coal and iron
d)
cotton and tobacco
27.
England is an island. Why was this an advantage during the Industrial Revolution?
a)
It wasn't an advantage.
b)
It made it more difficult for other countries to steal England's ideas.
c)
England has many ports and rivers which allow easier worldwide trade.
d)
England had tropical weather, which allowed more crops to be grown.
28.
Which innovation  allowed factories to be built anywhere?
a)
flying shuttle
b)
spinning jenny
c)
cotton gin
d)
steam engine
29.
What is the movement of people from rural to urban areas called?
a)
ruralization
b)
colonization
c)
inflation
d)
urbanization
30.
The system in which the government owns and controls the means of production, such as mines and factories, is called?
a)
fascism
b)
socialism
c)
capitalism
d)
mercantilism

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