NAME: ________________________

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5 Written Questions

5 Matching Questions

  1. capital
  2. market economy
  3. collectivization
  4. trade barrier
  5. entrepreneur
  1. a the process of taking over privately owned property
  2. b means of production
  3. c an economy in which buyers and sellers decide what to make, how much to make, and for whom
  4. d a block in international trade put in my place by the government
  5. e a person who is organizes the other factors of production in order to produce goods and services and who risks his or her capital to run and own and run a business

5 Multiple Choice Questions

  1. the practical application of science to commerce or industry
  2. the government that acts for all the states within the country
  3. a characteristic of socialism in which the central government takes over certain industries , such as transportation and steel
  4. the capitalist system
  5. a system that sets aside a certain number of jobs or admission openings for ethnic groups and women

5 True/False Questions

  1. communemeans of production


  2. private enterprisea block in international trade put in my place by the government


  3. subsidya government payment to the producer of a good or service


  4. capitalismmeans of production


  5. factors of productionthe basic resources in an economic system


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