What is the 'invisible hand' in the context of capitalism?

Capitalism Concepts and Principles

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of currency used in capitalist societies
A method of taxation
A force that ensures the economy works through supply and demand
A government policy to control the economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is competition important in a capitalist economy?
It eliminates the need for consumer choice
It encourages innovation and better products
It reduces the need for supply and demand
It allows the government to set prices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does the government play in preventing monopolies?
The government eliminates all forms of competition
The government encourages monopolies to increase profits
The government sets prices for all goods
The government intervenes to ensure fair competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major downside of the Industrial Revolution in terms of capitalism?
A decrease in technological advancements
A reduction in the number of available jobs
Poor working conditions and low wages for factory workers
Increased government control over businesses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did Karl Marx propose as an alternative to capitalism?
A system where businesses are owned by individuals
A system based on barter and trade
A system where the government controls resources and jobs
A system with no government intervention
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do most countries have mixed economies?
Pure capitalism and pure communism are not sustainable
They prevent any form of economic growth
They allow for complete government control
Mixed economies eliminate the need for government
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What characterizes a welfare capitalist economy like that of the United States?
Complete government control over the economy
A market economy with some government intervention to prevent abuses
A focus on agricultural production
No government intervention at all
Create a free account and access millions of resources
Similar Resources on Wayground
11 questions
Economic Systems and Their Characteristics

Interactive video
•
9th - 10th Grade
11 questions
Economic Systems and Theories

Interactive video
•
9th - 10th Grade
6 questions
Japanese PM on official visit

Interactive video
•
9th - 10th Grade
8 questions
Understanding Economic Systems and Concepts

Interactive video
•
9th - 10th Grade
11 questions
Economic Impacts and Systems Analysis

Interactive video
•
9th - 10th Grade
11 questions
Market Economy Concepts and Characteristics

Interactive video
•
9th - 10th Grade
11 questions
Capitalist Economy Concepts and Mechanisms

Interactive video
•
9th - 10th Grade
11 questions
Market Economy Concepts and Characteristics

Interactive video
•
9th - 10th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade