Concepts of Capitalism

The space for question 1 is a bit small so answers can be written at the bottom of the page

Instructions: Write your name and date of completion at the top of the page. Please be sure to turn in your quiz on April 12th, 2025

Without looking it up, what is your current understanding of the definition/meaning of Capitalism?
What are two positives of capitalism?
A. The economy and your life is totally controlled by the government B. Everyone gets an equal amount C. Freedom of choice, private property D. You can work wherever, shop wherever, buy whatever.
People are given money according to their contribution and needs in which economic system?
A. Mutualism B. Communism C. Socialism D. Capitalism
______________get to make the economic decisions under capitalism.
A. The President B. Government C. Literally no one D. Individuals
What is the biggest fault of capitalism?
A. Everyone has their needs met B. It's harder to make ends meet C. Everyone is allowed to make as much or as little as they want D. The likelihood of monopolies
Capitalism promotes competition with other products and businesses.
A. True B. False
In which economic system is the GOVERNMENT in control of land, resources, and factories?
A. Socialism B. Capitalism C. Communism D. Symbolism

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Concepts of Capitalism (Answer Key)

The space for question 1 is a bit small so answers can be written at the bottom of the page

Instructions: Write your name and date of completion at the top of the page. Please be sure to turn in your quiz on April 12th, 2025

Without looking it up, what is your current understanding of the definition/meaning of Capitalism?
What are two positives of capitalism?
A. The economy and your life is totally controlled by the government B. Everyone gets an equal amount C. Freedom of choice, private property D. You can work wherever, shop wherever, buy whatever.
People are given money according to their contribution and needs in which economic system?
A. Mutualism B. Communism C. Socialism D. Capitalism
______________get to make the economic decisions under capitalism.
A. The President B. Government C. Literally no one D. Individuals
What is the biggest fault of capitalism?
A. Everyone has their needs met B. It's harder to make ends meet C. Everyone is allowed to make as much or as little as they want D. The likelihood of monopolies
Capitalism promotes competition with other products and businesses.
A. True B. False
In which economic system is the GOVERNMENT in control of land, resources, and factories?
A. Socialism B. Capitalism C. Communism D. Symbolism

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