Economic Systems and Ideologies Quiz
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Questions and Answers

What is the main economic system in the United States?

  • Socialism
  • Capitalism (correct)
  • Monopolies
  • Laissez-faire

    • What determines the market price for goods or services?

  • Supply and demand (correct)
  • Human capital
  • Physical capital
  • Land

    • Who is the father of socialism and communism?

  • Hugo Chavez
  • Josef Stalin
  • Karl Marx (correct)
  • None of the above

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