1. What is capitalism? (4 points)
A free market system in which people go into business to make a profit
A free market system in which government sets prices and earns profit
A system in which businesses are owned in common or by the government
A system in which businesses and all property are owned by the government
2.

Who owns the resources in capitalism? (4 points)
Individuals
Military leaders
The common people
The government
3.

Who owns the resources in socialism? (4 points)
Individuals
Military leaders
The common people
The government
4.

What role does the government take in capitalism? (4 points)
It takes a limited or no role in business or trade.
It makes rules to prevent trade with other nations.
It has people vote on how to share resources.
It assigns businesses to certain people to run.
5.

What role does the government take in communism? (4 points)
It does not interfere with business or trade.
It limits rules on trade with other nations.
It decides how to spread resources to people.
It lets people own private property and resources.
6.

Which of the following is true of communism? (4 points)
It depends on the forces of supply and demand.
It depends on revolution as a tool for change.
It most values the choices made by individuals.
It relies on the economy to regulate itself.