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The following is a quiz on Economic Systems such as traditional economy, barter, manorialism, mercantilism, capitalism, communism, command economy, laissez faire capitalism, and mixed economy.

Take this quiz as often as you would like and print out a successful quiz for extra credit.
{{#professor:Quiz #18a - Economic Systems (10 Questions)}}

<quiz shuffle=none>

{
The way in which Vladimir Lenin's New Economic Policy and Mikhail Gorbachev's policy of perestroika are similar is that both
|type="[]"}
+allowed elements of capitalism within a communist economic system
-strengthened their country's military defenses
-supported censorship of news and of personal correspondence
-increased tensions during the Cold War

{
The term "mercantilism" is defined as an economic system in which
|type="[]"}
-prices are determined by the laws of supply and demand
+colonies exist for the benefit of the colonial power
-factors of production are owned by the government
-the proletariat benefit at the expense of the bourgeoisie

{
The Bolshevik Revolution of 1917 was a major turning point in history because
|type="[]"}
+Russia became the first nation with a Communist economic system
-it was the last revolution in the 20th century
-Russia ceased to be an important force in world affairs
-the royal family was exiled to Mexico

{
The goal of Mao Zedong's policy known as the Great Leap Forward was to
|type="[]"}
-develop foreign export industries in China's coastal urban centers
-eliminate state-owned industries in rural China
+modernize China's economic system by dividing China into communes
-introduce capitalism to the Chinese economy

{
The main features of a capitalistic economic system are
|type="[]"}
-powerful labor unions and fixed prices
-export quotas and state ownership of basic industries
+private ownership and the profit motive
-central planning by government and full employment

{
One similarity between Mao Zedong and Fidel Castro is that they
|type="[]"}
-achieved their goals through the use of peaceful resistance
-worked to protect citizens' rights to freedom of expression
-considered Capitalism to be the best economic system
+led revolutionary movements that established Communist governments

{
In the 1800's, a major cause of European imperialism was the
|type="[]"}
-desire to establish democratic governments throughout the world
-emergence of Marxism as an economic system
+desire for cheap raw materials and expanded markets
-religious conflict between European nations

{
Which feature would most likely be included in an economic system based on traditional agriculture and self-sufficiency?
|type="[]"}
-banks
+barter
-gold standard
-tariffs

{
Between 1300 and 1600, which economic system began to develop as a result of the transformation in global trade?
|type="[]"}
-socialism
+capitalism
-communism
-manorialism

{
What did Karl Marx and Friedrich Engels believe would be the result when communism finally emerged as the dominant political and economic system?
|type="[]"}
-Only two classes would exist in society.
+All the evils of industrial society would disappear.
-The Soviet Union would become the world's only superpower.
-Citizens would own their individual homes and farms.

</quiz>

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|[[Image:previousquiz1.jpg|150px|center|link=Quiz 17a - Belief Systems|]]
||[[Image:hometrackA.jpg|200px|center|link=Global History Quizzes - Track "A"|]]
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|}
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Quiz 18a - Economic Systems - Revision history

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