#1
Which economic system is characterized by private ownership of the means of production and market-based allocation of resources?
#2
Who is often referred to as the 'Father of Economics'?
#3
Which of the following is a characteristic of a democratic form of government?
#4
Who is the head of state in the United States?
#5
What is the term for a system of government in which power is divided between a central authority and constituent political units such as states or provinces?
#6
Which of the following is NOT a branch of the U.S. government?
#7
Which economic theory suggests that government intervention in the economy should be limited to ensure free markets?
#8
Which political ideology advocates for the abolition of private property and the establishment of a classless society?
#9
In the United States, which branch of government is responsible for interpreting laws?
#10
Which economic theory argues that government spending should be increased during economic downturns to stimulate demand?
#11
Who wrote the book 'The Wealth of Nations,' which laid the groundwork for classical economics?
#12
Which term refers to the total value of all goods and services produced by a country in a given period?
#13
Which of the following is a characteristic of a parliamentary system of government?
#14
Who is often credited with developing the concept of the 'social contract'?
#15