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History

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Question
Answer
the way government handles its money and goods   economy  
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worth in money   value  
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wealth that is owned and used by one person or a group of people   capital  
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an amount of money that is more that the original cost of something   profit  
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food, water, shelter   needs  
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Master / Slave relationship   socialism  
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Government owns business   socialism  
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Allows for competition   Capitalism  
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Individuals own business   Capitalism  
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Freedom of choice   Capitalism  
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People are assigned occupations   Socialism  
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If a salesman charges too much or too little for his goods, he will not make any money   True  
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In the US, the government owns all the businesses and goods   false  
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competition is harmful to business   false  
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money if the root of all evil   false  
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laws which affect the price of goods are the Laws of Supplies and Demand   True  
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If there is a large supple of an item, the price will usually be lower   true  
🗑


   

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Created by: calbright
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