Let's Quiz You!Versión en línea Take this Quiz to learn more about The Modern Economic System! por Yasmina Wahoud 1 Who supported a Laissez-Faire system of economy? a Stuart Mill b Jeremy Bentham c Joseph Stalin d Davis Ricardo 2 Which Country has not established communism? a Russia b China c The United States d North Korea 3 What is socialism? a An economic or social system in which the means of production, distribution and exchange should be owned, regulated by the community as a whole. b A system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs. c An economic system in which prices are determined by unrestricted competition between privately owned businesses. d The belief that actions are right if they are useful or for the benefit of a majority. 4 Who wrote "An Essay on The Principle of Population"? a Adam Smith b Thomas Malthus c Davis Ricardo d Jeremy Bentham 5 What is a similarity between Capitalism and Communism? a Both are based on private ownership of the means of production. b They both promote economic growth. c In both, profits are shared equally among citizens. d In both, The government does not control the people.
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