Why does the United States not have a purely capitalistic economy?

The government regulates many aspects of the economy

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Chapter 1 Lesson 3 The Role of Government in Economic Systems

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Questions 10

Answers

1
Socialist governments provide many services, such as education and health care, they also..
actively promote a state religion
have higher tax rates
maintain large militaries
control every aspect of their citizens' daily life
2
The development of socialism was a reaction to...
the Cold War
World War I
the Industrial Revolution
the American Revolution
3
In a purely communist country, the state would..
own all land and resources
let business owners set the minimum wage
sell licenses to businesses to perform certain work
make decisions about political matters only
4
Why does the United States not have a purely capitalistic economy?
atural resources prevent a purely capitalistic economy
The government regulates many aspects of the economy
Citizens have no interest in private property
The Constitution states what the economy should include
5
Which of the following is a role a government might play in a mixed economy?
refusing to enforce contracts
inspecting food
owning all the banks
taking a "hands-off" approach to any economic activity
6
A crucial factor in capitalism is the role of ....
religion
competition
government
sharing
7
Which of the following individuals is most closely associated with communism?
Adam Smith
Thomas Hobbes
Karl Marx
Ayn Rand
8
Socialists prefer a government that makes economic decisions in order to....
become powerful on the world stage
increase the size of government offices
create great wealth for business owners
benefit the most people
9
Many of the basic ideas of capitalism are found in...
the teachings of Thomas Hobbes
the Bible
the writings of Adam Smith
traditional culture
10
What pushed the U.S. government to get involved in the economy in the 1930s?
the discovery of oil on government lands in Texas
an influx of immigrants
World War II
the Great Depression

Chapter 1 Lesson 3 The Role of Government in Economic Systems Flashcards | StudBud

Chapter 1 Lesson 3 The Role of Government in Economic Systems

10 termsStudBud Administration351 plays

#americangovernment

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Socialist governments provide many services, such as education and health care, they also..
actively promote a state religion
have higher tax rates
maintain large militaries
control every aspect of their citizens' daily life
2
The development of socialism was a reaction to...
the Cold War
World War I
the Industrial Revolution
the American Revolution
3
In a purely communist country, the state would..
own all land and resources
let business owners set the minimum wage
sell licenses to businesses to perform certain work
make decisions about political matters only
4
Why does the United States not have a purely capitalistic economy?
atural resources prevent a purely capitalistic economy
The government regulates many aspects of the economy
Citizens have no interest in private property
The Constitution states what the economy should include
5
Which of the following is a role a government might play in a mixed economy?
refusing to enforce contracts
inspecting food
owning all the banks
taking a "hands-off" approach to any economic activity
6
A crucial factor in capitalism is the role of ....
religion
competition
government
sharing
7
Which of the following individuals is most closely associated with communism?
Adam Smith
Thomas Hobbes
Karl Marx
Ayn Rand
8
Socialists prefer a government that makes economic decisions in order to....
become powerful on the world stage
increase the size of government offices
create great wealth for business owners
benefit the most people
9
Many of the basic ideas of capitalism are found in...
the teachings of Thomas Hobbes
the Bible
the writings of Adam Smith
traditional culture
10
What pushed the U.S. government to get involved in the economy in the 1930s?
the discovery of oil on government lands in Texas
an influx of immigrants
World War II
the Great Depression