WorksheetsEconomic Systems Review
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Who makes the decisions in a captialist economy?
a)
The People or Citizens (You and Me)
b)
The Government
2.
How are prices set in a capitalist economy?
a)
Prices are set by what people buy and sell (supply and demand)
b)
Prices are set by the government
3.
Government control of industry.
a)
Capitalism
b)
Socialism
4.
No class system.
a)
Capitalism
b)
Socialism
c)
Communism
5.
Production determined by supply and demand.
a)
Capitalism
b)
Socialsim
6.
Private ownership of industry.
a)
Capitalism
b)
Socialism
7.
The government does not interfere in the economy (laissez-faire)
a)
Capitalism
b)
Socialism
8.
Equal distribution of wealth.
a)
Capitalism
b)
Socialism
9.
No or limited government interference in industry.
a)
Capitalism
b)
Socialism
10.
Division between the proletariate and bourgoisie.
a)
Capitalism
b)
Socialism
11.
Government provides for the working class people.
a)
Capitalism
b)
Socialism
12.
Classless society: all members of society are considered to be equal
a)
Communism
b)
Capitalism
13.
Wealth distributed unevenly
a)
Communism
b)
Capitalism
14.
Property is owned by the state
a)
Communism
b)
Capitalism
c)
Socialism
15.
No-one should have more than anyone else - everybody's needs are equally important
a)
Communism
b)
Capitalism
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