Economic Systems

Front

Laissez-faire means...

Back

Hands off

Front

In a socialist economy, the wealth is distributed evenly among citizens.

Back

True

Front

In a "pure" communist society, who are the wealthiest and most powerful people?

Back

No One--every member of society is supposed to be equal

Front

Who is the founder of communism? Options: Adam Smith, John Locke, Karl Marx, Rousseau

Back

Karl Marx

Front

In a communist society...

Back

there is no wealth or private property

Front

Which is not an economic system? Options: Capitalism, Mutualism, Communism, Socialism

Back

Mutualism

Front

Which economic system promotes competition?

Back

Capitalism

Front

Property is owned by the state

Back

Communism

Front

Socialism distributes goods to each individual's needs.

Back

True

Front

A public school is a tenant of which economic system?

Back

Socialism