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5 Written questions

5 Matching questions

  1. developing nation
  2. private enterprise
  3. central planning
  4. capitalism
  5. commune
  1. a the government that acts for all the states within the country
  2. b the capitalist system
  3. c a nation whose economy is based on farming and the export of natural resources
  4. d a system in which buyers and sellers make their own choices about what to produce , how much to produce, and for whom
  5. e a combination of small farms that have been taken over by the government

5 Multiple choice questions

  1. a block in international trade put in my place by the government
  2. means of production
  3. an economic system in which the government owns the basic means of production and decides how resources should be used
  4. a characteristic of socialism in which the central government takes over certain industries , such as transportation and steel
  5. an economy in which the government is involved in setting economic and social policies

5 True/False questions

  1. free tradetrade without barriers

          

  2. entrepreneurthe government that acts for all the states within the country

          

  3. quota systema system that sets aside a certain number of jobs or admission openings for ethnic groups and women

          

  4. subsidya combination of small farms that have been taken over by the government

          

  5. factors of productionthe basic resources in an economic system