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Question 1 of 18
1. Question
When exiting the Constitutional Convention, Ben Franklin was asked by a woman as to what kind of government they had created. He said, “A ____________ Ma’am, if you can keep it.”
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Question 2 of 18
2. Question
The contrast in Governmental Political Systems is _________ government control on the far left and ________ government control on the far right.
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Question 3 of 18
3. Question
The five basic forms of government are:
a. ___________ – Ruled by a Single Individual
b. ___________ – Rule by a small group
c. ___________ – Rule by the majority
d. ___________ – Rule by Law
e. ___________ – No ruleCorrectIncorrect -
Question 4 of 18
4. Question
The proper amount of government makes everyone __________.
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Question 5 of 18
5. Question
The proper role of government is to ___________ the rights of the people.
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Question 6 of 18
6. Question
The word ______________ does not appear in the Declaration of Independence or the United States Constitution.
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Question 7 of 18
7. Question
The essence of freedom is the proper limitation of government. When government power __________, the people’s freedom _____________.
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Question 8 of 18
8. Question
Economic Systems
_______________ is the means of production.
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Question 9 of 18
9. Question
Capital includes__________, __________, __________ and __________for investment.
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Question 10 of 18
10. Question
In the truest sense of the word “capital,” all economic systems are capitalistic systems. The difference is______ _______ the capital.
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Question 11 of 18
11. Question
The ____________ owns the capital in communist countries and consequently are state controlled monopolistic systems. The ___________ own the capital in competitive free market economies.
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Question 12 of 18
12. Question
The _____ _________ is a self-regulating system where all parties are completely free to transact with one another. The government only steps in to punish those guilty of force, fraud or injury.
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Question 13 of 18
13. Question
Private property means ownership of__________, ___________, ___________ and the ability to __________.
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Question 14 of 18
14. Question
In a free market, Capital is ______________ privately and _______________ privately.
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Question 15 of 18
15. Question
___________ of property is key. Ownership of property and freedom go hand in hand. There is an old saying, “He who owns the tools makes the rules.”
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Question 16 of 18
16. Question
Competition results in _______________ and always has.
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Question 17 of 18
17. Question
Economic systems range from ____________ government control on the left and a _______ market on the right.
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Question 18 of 18
18. Question
In the last century, there have been basically four forms of state controlled economic systems.
a. __________________ – The government doesn’t own businesses on paper, but does
control them through various regulatory agencies.
b. __________________ – In addition to controlling businesses through regulatory
agencies, the government nationalizes (owns) some of the major corporations.
c. __________________ – In addition to point a & b, the government owns major
industries like transportation, communication and utilities.
d. __________________ – All capital is owned and controlled by the state. People are
even considered capital.CorrectIncorrect