Log in
Sign up for FREE
arrow_back
Library
☀️ A4 - CAPITALISM: RETRIEVAL QUIZ (MUST-DO)
By Maura Sullivan
star
star
star
star
star
Share
share
Last updated almost 4 years ago
9 questions
Add this activity
Required
1
Required
1
Required
1
Required
1
Required
1
Required
1
Required
1
Required
1
Required
1
Question 1
1.
The modern U.S. economy is based on a system known as _______.
Question 2
2.
Capitalism is primarily which type of system?
Cultural
Social
Economic
Political
Question 3
3.
What is the ultimate goal of business owners in a capitalist system?
Question 4
4.
Who owns and controls businesses in capitalism?
Government
Individual people
Question 5
5.
Question 6
6.
One advantage of capitalism is _______.
Question 7
7.
One disadvantage of capitalism is _______.
Question 8
8.
List two roles that currently apply to you in our economy and explain how these roles apply to you.
Question 9
9.
List three roles that could potentially apply to you in our future economy and explain how these roles apply to you.
Check off all of the following that are considered characteristics of capitalism.
Private control of businesses
Motivation is to make a profit
Voluntary exchange of goods and services
Government ownership of businesses
Motivation is to ensure economic equality
Private ownership of businesses
Competition between businesses
Prices determined by the government
Private ownership of property
Prices determined by supply and demand
Government control of businesses