Lesson 2 self check quiz

A state in which everyone contributes according to their abilities and consumes based on their needs A.has never existed. B.existed in the USSR. C.exists today in North Korea. D.exists today in Cuba.

A

The level of government involvement in a mixed economy can best be described as A.varied. B.very controlling. C.hands-off or laissez-faire. D.indifferent.

A

Programs that provide services for the public using taxpayer dollars are often considered A.communist. B.socialist. C.free market. D.mixed market

B

Why is China considered a mixed economy? A.Its economy includes complete government control over production. B.Its economy includes government control as well as market and tradition. C.Its economy is based on communist ideals of contribution and consumption. D.Its economy has little government regulation and is mainly traditional.

B

In the "communist" economies that exist today, A.no government controls the state, so the economy runs on its own. B.governments allow businesses to determine the answers to economic questions. C.governments exert great control over the economy. D.a classless society determines the answers to economic questions. .

C

What is one advantage of a mixed market economy in a democracy? A.The government controls the productive resources. B.Citizens face high tax rates so that they can have services. C.Citizens can vote to help those in need economically. D.The government avoids helping those in need.

C

Why do mixed economies grow faster than traditional economies? A.Because they rely on guidance and practices of elders B.Because they rely on opportunity cost C.Because they embrace reforms like allowing private property and using markets D.Because they provide fewer services for the needy

C

There are many mixed economies in the world today because A.people wanted more government control over production and distribution of goods and services. B.government wanted less control over the production and distribution of goods and services. C.people thought that socialism would evolve into communism. D.people wanted benefits that strictly traditional, capitalistic, or communist economies did not provide.

D

What type of economy is most common worldwide? A.Traditional B.Command C.Communist D.Mixed

D

Which is NOT an advantage of a mixed market economy? A.A high degree of individual freedom B.A high degree of uncertainty C.Ability to adjust gradually to change over time D.Decentralized decision making

D