CAPITALISM
The economic system that is based on private ownership of the means of production, where goods are produced and distributed for profit in a competitive, free-market economy.
Capitalism
The way capitalists typically increase profits. a)Cutting production costs b) Reducing product quality c) Government subsidies d) Increasing worker wages
Cutting production costs
The technological advancement that significantly impacted capitalism's growth. a) steam engine b) telegraph c) industrialization d) printing press
Industrialization
The characteristic that defines a mixed economic system. a) Partial government regulation b) No economic intervention c) Complete government control d) Total private ownership
Partial government regulation
What was the first Pixar movie?
Toy Story
The potential problem that arises when a market becomes dominated by a few firms. a) Increased innovation b) Monopolistic practices c) Market efficiency d) Consumer empowerment
Monopolistic practices
The way consumers influence production in a capitalist system. a) Through fixed production quotas b) By way of government intervention c) By their purchasing decisions d) Through voting
By their purchasing decisions
This motivates businesses to improve product quality in a capitalist system. a) Limited consumer choice b) Competitive pressure c) Fixed pricing d) Government mandates
Competitive pressure
The potential international risk that 'dark money' introduces to elections? a) Direct foreign candidate endorsements b) Increased likelihood of international election interference c) Elimination of cross-border political donations d) Reduction in global political transparency
Increased likelihood of international election interference
As of 2019, what is the most popular car color in the USA?
White
The economic system that capitalism primarily developed from. a) Socialism b) Mercantilism c) Communism d) Feudalism
Feudalism
The economic model that Market Basket challenged. a) Feudal economic system b) Traditional shareholder-first capitalism c) Communist economic model d) Socialist economics
Traditional shareholder-first capitalism
The historical period that significantly contributed to capitalism's development. a) Middle Ages b) Renaissance c) Industrial Revolution d) Bronze Age
Industrial Revolution
The characteristic that allows businesses to easily enter or exit markets in capitalism. a) Fixed market structures b) Government regulation c) Competition d) Monopoly control
Competition
How many people have walked on the moon? a) 4 b) 8 c) 12 d) 20
12
The historical significance of the Market Basket labor movement. a) Longest strike in retail history b) First successful corporate takeover c) Most expensive labor dispute d) Largest non-union labor walkout in U.S. history
Largest non-union labor walkout in U.S. history
The way customers supported the Market Basket employees during the dispute. a) By filing lawsuits b) By hiring replacement workers c) By negotiating with the board d) By boycotting the stores
By boycotting the stores
How does capitalism promote innovation? a) Through complete market control b) Through government mandates c) By restricting business activities d) By providing profit incentives
By providing profit incentives
The primary motivation behind the employees' protest in the Market Basket story. a) Reinstating Arthur T. Demoulas as CEO b) Reducing work hours c) Higher wages d) Forming a labor union
Reinstating Arthur T. Demoulas as CEO
What is the only continent without an active volcano?
Australia
The landmark decision of the United States Supreme Court regarding campaign finance laws, in which the Court held that laws restricting the political spending of corporations and unions are inconsistent with the Free Speech Clause of the First Amendment to the U.S. Constitution.
Citizens United
The primary motivation of economic agents (Economic agents are individuals, households, firms, or government groups that make decisions regarding the production, consumption, and distribution of resources within an economy) in a capitalist system. a) Self-interest b) Social welfare c) Government control d) Collective decision-making
Self-interest
The way the Citizens United decision fundamentally changed campaign financing in the United States. a) It reduced the influence of wealthy donors b) It completely banned corporate political spending c) It allowed unlimited independent spending by corporations and outside groups d) It mandated full transparency in political contributions
It allowed unlimited independent spending by corporations and outside groups
The economic concept that describes consumers' ability to influence production in capitalism. a) Resource allocation b) Market manipulation c) Consumer sovereignty d) Price fixing
Consumer sovereignty
Which country won the first FIFA World Cup in 1930? a) Brazil b) England c) Uruguay d)Italy
Uruguay