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5 Written questions

4 Matching questions

  1. private enterprise
  2. technology
  3. nationalization
  4. free trade
  1. a a characteristic of socialism in which the central government takes over certain industries , such as transportation and steel
  2. b the practical application of science to commerce or industry
  3. c the capitalist system
  4. d trade without barriers

5 Multiple choice questions

  1. a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
  2. a system in which buyers and sellers make their own choices about what to produce , how much to produce, and for whom
  3. the government that acts for all the states within the country
  4. 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. the process of taking over privately owned property

5 True/False questions

  1. factors of productionthe basic resources in an economic system

          

  2. developing nationa nation whose economy is based on farming and the export of natural resources

          

  3. mixed economyan economy in which the government is involved in setting economic and social policies

          

  4. market economyan economy in which the government is involved in setting economic and social policies

          

  5. trade barriertrade without barriers