WorksheetsEconomic Systems
Total questions: 29
Worksheet time: 15mins
Name
Class
Date
1.
What did Karl Marx say would happen between workers and factory owners?
a)
collective bargaining between owners and workers
b)
the workers would rebel against the owners and win
c)
workers would be replaced by machines
2.
In which economic system would there be no government?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
3.
In which economic system does the government protect the rights of workers?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
4.
Which economic system could also be called "wealth-ism"?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
5.
Karl Marx is the father of?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
6.
Adam Smith is the father of?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
7.
In which economic system would there be no private property and no social classes?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
8.
Which economic system has actually never existed?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
9.
Which economic system does the USA have?
a)
Pure Capitalism
b)
Pure Socialism
c)
Pure Communism
d)
Mixed Capitalism and Socialism
10.
Which economic system would have appealed to factory workers in the early Industrial Revolution?
a)
Capitalism
b)
Socialism
11.
Which economic system would have appealed to factory owners in the early Industrial Revolution?
a)
Capitalism
b)
Socialism
12.
Select Adam Smith's 3 natural laws of economics.
a)
competition
b)
self-interest
c)
supply and demand
d)
cooperation
13.
an economic factor that leads to lower prices, when companies try to out-do one another
a)
competition
b)
self-interest
c)
supply and demand
d)
cooperation
14.
an economic factor where people want to be successful for their won personal gain
a)
competition
b)
self-interest
c)
supply and demand
d)
cooperation
15.
the amount of a good available or if consumers want a good will affect prices
a)
competition
b)
self-interest
c)
supply and demand
d)
cooperation
16.
What are Marx' 2 waring classes?
a)
Bourgeoisie
b)
Proletariat
c)
Communists
d)
Capitalists
e)
Socialists
17.
What did Marx called the middle class?
a)
Bourgeoisie
b)
Proletariat
18.
What did Marx called the working class?
a)
Bourgeoisie
b)
Proletariat
19.
Which social class did Marx view negatively, because they were taking advantage of workers?
a)
Bourgeoisie
b)
Proletariat
20.
Which social class did Marx view positively, because they actually produced goods and did the work in factories?
a)
Bourgeoisie
b)
Proletariat
21.
Unemployment insurance, Workmen's Compensation, and Social Security are examples of programs from what type of economic system?
a)
Capitalism
b)
Socialism
c)
Communism
22.
Currently, state governments pay people half of their salary for 26 weeks, if they are laid off. This program is called:
a)
Unemployment Insurance
b)
Workmen's Compensation
c)
Social Security
d)
Medicare
23.
State governments have programs to pay medical bills for workers injured on the job. This program is called:
a)
Unemployment Insurance
b)
Workmen's Compensation
c)
Social Security
d)
Medicare
24.
Labor unions have always been legal in the UK and the USA.
a)
True
b)
False
25.
Currently in the US, 1% of the population controls 40% of the wealth.
a)
True
b)
False
26.
What is the main message of this political cartoon?
a)
Workers will rebel against the factory owners.
b)
Workers will be treated equally by the factory owners.
c)
Workers are lazy and contribute nothing to society.
27.
To what class do the factory owners belong?
a)
Aristocracy
b)
Upper Middle
c)
Lower Middle
d)
Working
28.
Who is this?
a)
Karl Marx
b)
Adam Smith
c)
Louis XVI
d)
Napoleon
29.
Who is this?
a)
Karl Marx
b)
Adam Smith
c)
Louis XVI
d)
Napoleon
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