#1
Which economic system relies on the forces of supply and demand to determine prices and resource allocation?
#2
Who is often considered the father of modern economics?
#3
Which country is often cited as an example of a socialist economy?
#4
Which of the following is a characteristic of a command economy?
#5
Which economic system is characterized by private ownership of property and the means of production?
#6
Which economist is associated with the theory of 'invisible hand' guiding the market?
#7
In a mixed economy, who primarily owns and controls the means of production?
#8
Which economic theory argues that government intervention in the market should be minimal to achieve efficiency?
#9
What economic indicator measures the total value of goods and services produced in a country in a given period?
#10
Which social policy aims to provide financial assistance to individuals who are unemployed or unable to work?
#11
What is a primary feature of a centrally planned economy?
#12
Which term describes the situation where the quantity of goods exceeds the demand, leading to decreased prices?
#13
What is the main goal of a welfare state?
#14
Which economic system emphasizes communal ownership of property and the absence of social classes?
#15
What is the primary goal of fiscal policy?
#16
Which social policy aims to provide healthcare coverage to individuals aged 65 and older in the United States?
#17