What Type Of Economy Would You Supprt?

15 Questions

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Economy Quizzes & Trivia

This quiz is designed to help users figure out what they're ideal economic system would be. Their answers to the questions will be compiled and interpreted, placing them in one of three categories: Laissez-Faire Capitalism, Regulated Capitalism, or socialism. They will then be led to a page with information on that economic system and a list of other people who also support that system.


Questions and Answers
  • 1. 
    The only way for a business to survive is through focusing on the needs of its customers, and succesful businesses grow only through benevolence.
    • A. 

      Of course! Why else would they lower their prices?!

    • B. 

      Not at all. They only focus on what we will pay money for and care little about our needs.

  • 2. 
    Pure capitalism is bad because it devalues things that are valuable, like the environment.  
    • A. 

      I agree.

    • B. 

      I disagree. If market forces devalue something, it does not have value.

  • 3. 
    Capitalism is good because it supports the production of goods with no utilitarian use.  
    • A. 

      I agree.

    • B. 

      I disagree. Goods with no utilitarian use have no place in our society.

  • 4. 
    Capitalism is good because it encourages innovation and improves efficiency.  
    • A. 

      I agree.

    • B. 

      I disagree. Improved efficiency and innovation will emerge over time, no matter what. Capitalism is not needed for them to occur and does little to aid them.

  • 5. 
    Pure capitalism is bad because it leads to monopolies, which squash innovation.  
    • A. 

      I agree.

    • B. 

      I disagree. Pure capitalism does not necessarily lead to the formation of monopolies.

    • C. 

      I disagree. Monopolies are not inherently bad.

  • 6. 
    Capitalism is bad because it gives too much control to big companies.
    • A. 

      I agree.

    • B. 

      I disagree. Those companies worked hard and they deserve their reward.

  • 7. 
    Pure capitalism is bad because it expands the gap between the richest people and the poorest people, which will end in violence when the poor fight back.  
    • A. 

      I agree.

    • B. 

      I disagree. The gap is expanding, but everyone is getting richer, so there won't be violence.

  • 8. 
    Capitalism is bad because it gives successful people so much money and power that neither they nor their descendants will have to work for several generations, creating an oligarchy of lazy leaders.  
    • A. 

      I agree.

    • B. 

      I disagree. Those people worked hard and they deserve a break.

  • 9. 
    If we have taxes that charge the rich more money than the poor, no one will want to be rich and society will stop progressing.
    • A. 

      I agree.

    • B. 

      I disagree. The rich will still have enough money to afford anything they want, so taxes that take some of their money will not extinguish their drive.

  • 10. 
    Even though the wealth gap between the richest people and the poorest people is growing, it's okay because everyone is becoming richer overall.  
    • A. 

      I agree.

    • B. 

      I disagree. That is not how money works. If everyone has more money, that just leads to inflation of the economy.

  • 11. 
    Since higher education is only available to people that can afford it, yet people with higher education are paid more than less-educated people, the poor people remain poor and the rich people remain rich.  
    • A. 

      I agree.

    • B. 

      I disagree. Anyone can succeed if they try hard enough. That is the American Dream.

  • 12. 
    Complete governmental control over everything is bad because it doesn't allow for personal freedom.  
    • A. 

      I agree.

    • B. 

      I disagree. With governmental control, everyone will be equal.

  • 13. 
    Pure capitalism is bad because it leads to an economy of inequality with an indifference toward the poor.
    • A. 

      I agree.

    • B. 

      I disagree. Being poor is their own doing, so there is nothing wrong with a indifference. If they work harder, they would not be poor.

  • 14. 
    Capitalism is bad because it originates with the capitalists' stealing from the proletariat in order to afford the means of production.
    • A. 

      I agree.

    • B. 

      I disagree. One can acquire wealth in other ways.

  • 15. 
    Capitalism can be a good system if it incorporates ethical responsibilities.
    • A. 

      I agree. The ethical responsibility will come naturally from market forces.

    • B. 

      I agree. The ethical responsibility will be supplied by a little government control.

    • C. 

      I agree. The ethical responsibility will be supplied by a large amount of government control.

    • D. 

      I disagree. Capitalism is a good system with or without ethical responsibility.

    • E. 

      I disagree. Capitalism will always be flawed in that ethical responsibility never plays a part.