Capitalism
Quiz
•
Social Studies
•
9th - 10th Grade
•
Practice Problem
•
Medium
Marcela Fuentes
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Invisible hands is
the name of Adam Smith's Book
invisible forces that move the economy
the government force over the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a fundamental idea of laissez-faire capitalism
Workers should own the means of production
Businesses should gain and lose according to their own effort
Government should control output and wages
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sale on winter coats in June is an example of _____ supply, _______ demand.
High, low
Low, high
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A present-day example of laissez-faire economics would be
minimun wage laws
farm subsidies
deregulation of the airline industry
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capitalism
global trading of people, goods, technology, ideas and disease
economic system in which money is invested in businesses to make profit
settlement of people living in a new territory controlled by their home country
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who came up with the idea of capitalism in their book, The Wealth of Nations?
Charles Marx
Adam Smith
Donald Trump
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"The bigger the market, the more we specialize, the more we can produce"
Division of labor
Invisible hands
Labor market
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