Economy system

A welfare tax system provides a safety-net in which system?

A welfare tax system provides a safety-net in which system?

Socialism

Which system's goal is to create competition?

Capitalism

In which system is the economic activity determined by shoppers and companies?

Capitalism

Which system(s) has never been achieved in true and pure form?

All of them

In which system are the decisions about economic activity determined by a community or public planning committee?

Socialism

Economics is the process by which ____ are produced, bought and sold.

Good and Services

Which system's goal is a classless society?

Communism

In which system is the means of production owned privately?

Capitalism

Which system is designed to eliminate extreme poverty?

Socialism

In a "pure" communism society, who are the wealthiest and most powerful people?

No one - every member of society is supposed to be equal

In a real-life communist society, who are the wealthiest and most powerful people?

Whoever controls the government

What societal problem did Karl Marx attempt to address in his manifesto?

The exploitation of the poor by the rich

According to Marx, workers would take control of governments through

Violent revolution

Place the following events in sequence: A) Russia gets a communist government; B) The Communist Manifesto is written; C) China blends capitalism with communism

B, A, C

What is the best synonym for "centralized economy?"

Planned economy

What can you infer about the reason why communism became so popular in the late 19th and early 20th centuries?

Working people faced extremely difficult conditions back then

In a Communist country, workers have no ________ to work harder.

Incentive

United states is a _____ Economy

Mixed

The U.S has both elements of ____ and ___

Capitalism and Socialism

China’s economy has both elements of ______ and_______.

Communism and Capitalism