Economics - Capitalism MCQ Test: Economics - Capitalism MCQs - Practice Questions
1. Which economic term refers to the cost of the next best alternative forgone when making a decision?
2. What is a characteristic of free market capitalism?
3. What role do monopolies play in the capitalist market structure?
4. Which term refers to the concentration of wealth and power in the hands of a small group of individuals or corporations?
5. What is a defining characteristic of a market economy within capitalism?
6. What is a potential challenge for capitalism?
7. What is the primary function of prices in a market economy?
8. Which economic theorist is known for his critique of capitalism's inherent contradictions?
9. Which factor is essential for capitalism to function effectively?
10. What is the primary goal of antitrust laws in a capitalist economy?
11. Which economic term describes the total market value of all goods and services produced within a country in a given period?
12. Which economic term refers to the total amount of money in circulation within a country's economy, including cash, deposits, and other liquid assets?
13. Which economic term refers to the total value of a company's shares of stock?
14. Which statement reflects the role of consumers in a capitalist economy?
15. Which economic term refers to the increase in the general price level of goods and services over time?
16. What is 'Creative Destruction' in the context of capitalism?
17. What economic theory emphasizes the role of aggregate demand in influencing economic fluctuations?
18. What is the main focus of capitalism?
19. Which economic concept refers to the situation where a market fails to allocate resources efficiently?
20. What economic term refers to the situation where a single firm or group dominates a market, often leading to reduced competition and higher prices?