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5 Written questions

5 Matching questions

  1. capital
  2. entrepreneur
  3. quota system
  4. collectivization
  5. free enterprise
  1. a 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
  2. b a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
  3. c the capitalist system
  4. d the process of taking over privately owned property
  5. e means of production

5 Multiple choice questions

  1. an economy is which people exchange goods and services
  2. an economy in which the government is involved in setting economic and social policies
  3. a block in international trade put in my place by the government
  4. an economy in which buyers and sellers decide what to make, how much to make, and for whom
  5. the growth of industries such as manufacturing

5 True/False questions

  1. factors of productionthe basic resources in an economic system

          

  2. socialisman economic system in which the government owns the basic means of production and decides how resources should be used

          

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

          

  4. free tradetrade without barriers

          

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

          

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