"Yes or No: Modern Economic Systems Challenge"

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A yes or no game about student 3's work

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Ali Ghorayeb

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"Yes or No: Modern Economic Systems Challenge"


"Yes or No: Modern Economic Systems Challenge"Versión en línea A yes or no game about student 3's work por Ali Ghorayeb 1 A traditional economy makes decisions based on customs and habits. Yes No 2 Do people in a traditional economy often seek major changes in their way of life? Yes No 3 In a market economy, do individuals and businesses make most economic decisions? Yes No 4 Does a free enterprise system encourage innovation and entrepreneurship? Yes No 5 Is lack of competition and low worker motivation a disadvantage of command economies? Yes No 6 Do command economies usually provide complete economic freedom for individuals? Yes No 7 Does a mixed economy combine elements of traditional, market, and command systems? Yes No 8 Does socialism involve the government aiming to reduce income inequality through high taxes? Yes No 9 Can monopolies be a problem in market economies due to lack of competition? Yes No 10 Was Mao Zedong influenced by Karl Marx’s idea of a classless society? Yes No 11 Did Mao Zedong believe that collective farming would create equality in China? Yes No 12 Did China remain fully communist after the 1970s without allowing private businesses? Yes No 13 Is Karl Marx considered the father of modern communism? Yes No 14 Did Karl Marx encourage the proletariat (working class) to rise against the bourgeoisie (rich class)? Yes No 15 Did China’s economy grow by staying strictly communist without any capitalist ideas? Yes No 16 According to Schumpeter, capitalism helps fuel innovation in economies? Yes No

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"Yes or No: Modern Economic Systems Challenge"

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OPEN UP 5 UNIT 3: THERE IS/ARE, THERE WAS, THERE WERE

"Yes or No: Modern Economic Systems Challenge"Versión en línea

por Ali Ghorayeb

A traditional economy makes decisions based on customs and habits.

Do people in a traditional economy often seek major changes in their way of life?

In a market economy, do individuals and businesses make most economic decisions?

Does a free enterprise system encourage innovation and entrepreneurship?

Is lack of competition and low worker motivation a disadvantage of command economies?

Do command economies usually provide complete economic freedom for individuals?

Does a mixed economy combine elements of traditional, market, and command systems?

Does socialism involve the government aiming to reduce income inequality through high taxes?

Can monopolies be a problem in market economies due to lack of competition?

Was Mao Zedong influenced by Karl Marx’s idea of a classless society?

Did Mao Zedong believe that collective farming would create equality in China?

Did China remain fully communist after the 1970s without allowing private businesses?

Is Karl Marx considered the father of modern communism?

Did Karl Marx encourage the proletariat (working class) to rise against the bourgeoisie (rich class)?

Did China’s economy grow by staying strictly communist without any capitalist ideas?

According to Schumpeter, capitalism helps fuel innovation in economies?