#1
Which economic system relies primarily on government ownership and control of resources and production?
Socialism
ExplanationGovernment ownership and control of resources and production.
#2
In which economic system do individuals and private businesses make decisions about what to produce and consume?
Capitalism
ExplanationIndividuals and private businesses make production and consumption decisions.
#3
Which economic system emphasizes individual profit and private property ownership?
Capitalism
ExplanationEmphasizes individual profit and private property ownership.
#4
Which of the following is a pull factor for migration?
Better healthcare facilities
ExplanationBetter healthcare facilities act as a pull factor for migration.
#5
Which economic system prioritizes profit distribution among all citizens equally?
Socialism
ExplanationPrioritizes equal profit distribution among all citizens.
#6
Which of the following is NOT a push factor for migration?
Economic opportunity
ExplanationEconomic opportunity is NOT a push factor for migration.
#7
Which economic system combines elements of both market and command economies?
Mixed economy
ExplanationCombines elements of market and command economies.
#8
Which economic system prioritizes social welfare and collective ownership of resources?
Socialism
ExplanationPrioritizes social welfare and collective ownership of resources.
#9
What is a common characteristic of market economies?
Private ownership of property
ExplanationPrivate ownership of property is a common characteristic of market economies.
#10
Which of the following is NOT a factor contributing to migration?
Language barriers
ExplanationLanguage barriers are NOT a factor contributing to migration.
#11
In which economic system are factors of production owned by the state, and goods and services are distributed based on central planning?
Communism
ExplanationFactors of production owned by the state; goods and services distributed based on central planning.
#12
Which economic system aims to achieve classless society with common ownership of resources?
Communism
ExplanationAims for a classless society with common ownership of resources.
#13
Which economic system allows for some degree of private enterprise while maintaining state control over strategic industries?
Mixed economy
ExplanationAllows for private enterprise while maintaining state control over strategic industries.
#14
Which economic system aims to achieve a classless society with common ownership of resources and means of production?
Communism
ExplanationAims to achieve a classless society with common ownership of resources and means of production.
#15
Which economic system advocates for the eventual disappearance of the state in favor of a classless society?
Communism
ExplanationAdvocates for the eventual disappearance of the state in favor of a classless society.