Benchmark Test 2

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1. Which of the following traits may be found in a socialist economy?

The government owns half of the land and industry while the people own the other half.

The government sets economic goals, owns some businesses, and generally has a major role in the economy.

Individuals and private companies own land and industry and there is little government control.

The government owns most of the land and industry with just a few individuals and private companies owning land.

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Benchmark Test 2.

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It is a special stock market for European businesses.

It provides better training for people wanting to run businesses.

It provides its members with military protection from foreign attack.

It is a system to remove tariff barriers and open trade between countries.

Sweden

Germany

Poland

France

Creation of the League of Nations

Signing of the Treaty of Versailles.

Introduction of the Eurodollar.

Creation of the United Nations.

Capital resources.

Human resources.

Natural resources.

Entrepreneurship.

Democratic

Communist

Parliamentary

Totalitarian

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