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5 Written questions

5 Matching questions

  1. nationalization
  2. mixed economy
  3. trade barrier
  4. quota system
  5. factors of production
  1. a a block in international trade put in my place by the government
  2. b a characteristic of socialism in which the central government takes over certain industries , such as transportation and steel
  3. c a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
  4. d an economy in which the government is involved in setting economic and social policies
  5. e the basic resources in an economic system

5 Multiple choice questions

  1. the process of taking over privately owned property
  2. the practical application of science to commerce or industry
  3. a combination of small farms that have been taken over by the government
  4. trade without barriers
  5. an economy is which people exchange goods and services

5 True/False questions

  1. capitalmeans of production

          

  2. private enterprisethe capitalist system

          

  3. free enterprisethe capitalist system

          

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

          

  5. central planningthe government that acts for all the states within the country