Quiz: Communism Vs Socialism Vs Capitalism

Test your understanding of the specific differences, characteristics, and relationships between economic systems as explained in this educational video

History mixed 6 Questions Video Quiz

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Q1 Beginner 1 pts

According to the video, who specifically developed and laid the groundwork for the theory and practice of communism? Video Reference:
"Karl Marx and Friedrich Ingles developed and laid the groundwork for the theory and practice of comm..."

Karl Marx and Friedrich Engels The Soviet Union and China Cuba and China The Soviet Union and Cuba

Q2 Intermediate 2 pts

In the video's explanation, what specific characteristic defines communism's approach to private property? Video Reference:
"communism is an economic and political ideology that advocates for our classless system in which the..."

Private property is non-existent or severely diminished Private property is regulated by the state Private property is redistributed equally Private property is collectively managed

Q3 Advanced 3 pts

According to the video, which specific historical systems did capitalism develop from in Europe? Video Reference:
"capitalism developed historically out of previous systems of feudalism and mercantilism in Europe..."

Select all correct answers

Feudalism Mercantilism Socialism Communism

Q4 Beginner 1 pts

The video states that in a socialist system, who makes all legal production and distribution decisions? Video Reference:
"all legal production and distribution decisions are made by the government and a socialist system..."

The government Private enterprises Individual citizens Market forces

Q5 Intermediate 2 pts

According to the video, has there ever been a purely communist state that completely eliminated personal property, money, and class systems? Video Reference:
"there's never actually been a purely communist state that has completely eliminated personal propert..."

True

False

Q6 Intermediate 2 pts

What specific issues does the video identify as the 'wrongs' that communism and socialism aim to address in capitalism? Video Reference:
"communism and socialism aimed to right the wrongs of capitalism's free market system these include w..."

Select all correct answers

Worker exploitation Inequalities between rich and poor Market competition Government control

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Quiz: Communism Vs Socialism Vs Capitalism

According to the video, who specifically developed and laid the groundwork for the theory and practice of communism? Video Reference: "Karl Marx and Friedrich Ingles developed and laid the groundwork for the theory and practice of comm..."

In the video's explanation, what specific characteristic defines communism's approach to private property? Video Reference: "communism is an economic and political ideology that advocates for our classless system in which the..."

According to the video, which specific historical systems did capitalism develop from in Europe? Video Reference: "capitalism developed historically out of previous systems of feudalism and mercantilism in Europe..."

The video states that in a socialist system, who makes all legal production and distribution decisions? Video Reference: "all legal production and distribution decisions are made by the government and a socialist system..."

According to the video, has there ever been a purely communist state that completely eliminated personal property, money, and class systems? Video Reference: "there's never actually been a purely communist state that has completely eliminated personal propert..."

What specific issues does the video identify as the 'wrongs' that communism and socialism aim to address in capitalism? Video Reference: "communism and socialism aimed to right the wrongs of capitalism's free market system these include w..."