
Economic Systems and Capitalism Concepts

Interactive Video
•
Business, Social Studies, Philosophy
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main argument against the idea that capitalism is based on greed?
Capitalism encourages people to satisfy the needs of others.
Capitalism is solely focused on profit.
Capitalism is about fulfilling personal desires.
Capitalism ignores consumer preferences.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the free market empower consumers?
By ensuring all businesses are government-owned.
By limiting the number of products available.
By giving consumers the power to decide which businesses succeed.
By allowing businesses to set any price they want.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common issue faced by late-stage socialist economies?
Abundance of essential goods.
Shortages of basic necessities.
High levels of personal freedom.
Excessive consumer choice.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the economic system of most Western European countries?
Socialist planned economies.
Market economies with government benefits.
Economies with no taxation.
Purely capitalist economies with no government intervention.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is necessary to sustain the government benefits in Western Europe?
A socialist planned economy.
A free-market capitalist economy.
A reduction in government spending.
An increase in consumer prices.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic policy changes in America since 2017 are highlighted?
Increased taxes and more regulation.
Higher tariffs on imports.
Lower taxes and less government regulation.
More government control over businesses.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the benefits of economic expansion mentioned in the video?
Increased unemployment rates.
Higher poverty rates.
Reduced reliance on welfare.
More people relying on welfare.
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