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Capitalism

Quiz by Sarah Ayyad

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10 questions
Show answers
  • Q1
    What is one of the main characteristics of capitalism?
    Government control of production
    Equal distribution of wealth
    Central planning of the economy
    Private ownership of resources
    30s
  • Q2
    Which of the following is a criticism often associated with capitalism?
    Income inequality
    Consumer choice
    Innovation and technological advancement
    Increased employment
    30s
  • Q3
    Which economic system operates primarily on the principles of supply and demand?
    Socialism
    Capitalism
    Feudalism
    Communism
    30s
  • Q4
    What role do consumers play in a capitalist economy?
    They control government policy
    They own all means of production
    They equitably distribute resources
    They drive demand for goods and services
    30s
  • Q5
    What is a key benefit often associated with capitalism?
    Equal wages for all workers
    Standardization of products
    Limited consumer choice
    Encouragement of innovation
    30s
  • Q6
    In capitalism, what is the term for a market where there is only one seller?
    Monopoly
    Free market
    Perfect competition
    Oligopoly
    30s
  • Q7
    What is the term for the economic policy of allowing the market to make its own decisions without government intervention?
    Social welfare
    Protectionism
    Laissez-faire
    Regulation
    30s
  • Q8
    What is one of the main incentives for businesses in a capitalist economy?
    Employee satisfaction
    Community welfare
    Equal pay for all workers
    Profit maximization
    30s
  • Q9
    Which concept in capitalism describes the freedom of businesses to operate without excessive governmental restrictions?
    Free enterprise
    Bureaucracy
    Public ownership
    Monopoly control
    30s
  • Q10
    In a capitalist economy, what does competition among businesses generally lead to?
    Higher prices and less variety
    Reduced employment opportunities
    Greater government regulation
    Lower prices and better quality products
    30s

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