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5 Written questions

5 Matching questions

  1. capital
  2. free enterprise
  3. subsidy
  4. developing nation
  5. socialism
  1. a a government payment to the producer of a good or service
  2. b means of production
  3. c a nation whose economy is based on farming and the export of natural resources
  4. d an economic system in which the government owns the basic means of production and decides how resources should be used
  5. e the capitalist system

5 Multiple choice questions

  1. a combination of small farms that have been taken over by the government
  2. a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
  3. trade without barriers
  4. an economy is which people exchange goods and services
  5. the basic resources in an economic system

5 True/False questions

  1. mixed economyan economy in which buyers and sellers decide what to make, how much to make, and for whom

          

  2. collectivizationthe process of taking over privately owned property

          

  3. industrializationa characteristic of socialism in which the central government takes over certain industries , such as transportation and steel

          

  4. trade barriera block in international trade put in my place by the government

          

  5. entrepreneura combination of small farms that have been taken over by the government