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Self-Quiz
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Please answer all questions.



1

Which statement about economic systems is true?
A)There is a distinct separation between social life and economic life.
B)The economic system of a society can influence social behavior.
C)The economic system of a society can influence other social institutions.
D)b and c
2

Socialism is
A)an economic system in which profit is the main incentive for business activity.
B)an economic system in which the government provides fewer social services than under capitalism.
C)a political system in which the government takes an authoritarian role.
D)an economic system in which collective wealth is used to provide public services.
3

Which of these is one difference between capitalism and socialism?
A)Under capitalism, the government provides more social services.
B)Under capitalism, the government never provides free public education.
C)Under socialism, the means of production are in private hands.
D)Under socialism, the government usually controls most major industries.
4

Which of these statements about capitalism is true?
A)Governments in capitalist countries are never authoritarian.
B)Governments in capitalist countries never provide social services.
C)Governments in capitalist countries don't own most of the means of production.
D)Governments in capitalist countries are always elected by popular vote.
5

Under socialism, the government might provide
A)health care.
B)housing.
C)education.
D)all of the above
6

Under capitalism, businesses try to make a profit.
A)True
B)False
7

Sweden is more of a capitalist country than the United States.
A)True
B)False
8

Having Medicare and Medicaid programs is one of the things that makes the U.S. a capitalist country.
A)True
B)False
9

A country in which the government takes a laissez-faire approach to controlling major industries is more of a socialist country.
A)True
B)False
10

The United States is a pure capitalist country.
A)True
B)False







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