Economic Systems 3.15 - 2025 Quiz
Quiz
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Arts
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1st Grade - University
•
Hard
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system allows individuals to own businesses, set their own prices, and compete freely for customers?
Communism
Capitalism
Socialism
Government-Controlled Economy
2.
MATCH QUESTION
30 sec • 1 pt
Match the following descriptions with the type of economy they describe.
Free market economy
The government controls all production and prices
Welfare state
Only government-approved businesses are allowed to operate
State-controlled economy
The government provides free education and healthcare
Command economy
Private businesses compete to sell goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which individual is most likely to thrive in a capitalist system?
Elon Musk (CEO of Tesla & SpaceX)
Karl Marx (Philosopher and Economist)
Che Guevara (Revolutionary Figure)
Joseph Stalin (Historical Soviet Leader)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tony Stark (Iron Man) is the CEO of Stark Industries, a company known for its innovative and high-tech products. Which economic system supports the operation of such privately-owned businesses?
Communism
Socialism
Capitalism
Feudalism
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What motivates businesses in a capitalist economy to continually enhance their products?
To receive accolades from the government
To stay competitive and increase profits
To raise prices for consumers
Due to government mandates
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the movie Black Panther, Wakanda has exclusive control over the world's supply of Vibranium. How would you classify this economic system?
Capitalism
Socialism
Communism
Free Market
7.
DRAG AND DROP QUESTION
30 sec • 1 pt
In Country Z, the government provides free healthcare, college, and public services. This system is called (a) .
Socialism
Capitalism
Communism
Fascism
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