Which type of economic system provides the most economic freedom and has historically provided high standards of living?

What are the advantages of the United States system of governmen

Quiz
•
Social Studies
•
7th Grade
•
Hard
Patrick Kincaid
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Socialism
Capitalism
Totalitarian
Communism
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement describes a representative democracy?
The government is led by a strong leader that takes over by force.
The government provides citizens with the right to vote on all issues.
The government provides citizens with property based on family status.
The government is led by elected officials that reflect the ideas of citizens.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The list below describes the characteristics of an economic system. - People can own private property. - Producers can make whatever they want. - Consumers can buy whatever they want. - Producers act to make a profit. Which is an outcome of this type of economic system?
Many people enjoy economic freedom and high standards of living.
Living standards increase when a country falls behind in its use of technology.
People are helped by the government, which provides many free public services.
Government leaders take over all farms and industries to provide greater equality.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one advantage of the American Constitutional Republic?
Its national government has unlimited power over its citizens.
Power is placed in a single person without any checks and balances.
The local government has final authority over the national government.
The conduct of government officials and citizens must align with the rule of law.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The list displays characteristics of a form of government. - Led by religious leaders - No separation of church and state - Government claims to be divinely blessed Which form of government is best described by the list?
Oligarchy
Autocracy
Monarchy
Theocracy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement identifies an advantage of capitalism over government-controlled economic systems in raising standards of living?
Profit helps to produce and develop new technologies.
Central planners identify where economic needs are greatest.
Government leaders punish critics who challenge economic policies.
Workers have no reason to work hard since their jobs are guaranteed.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement best describes a socialist economy?
Private businesses provide all goods and services.
Taxes are low, but government services are extremely limited.
The government owns several basic industries and provides many services at no cost.
Private property is abolished and all goods and services are provided to citizens by the government.
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