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Quiz 1-2 - ViewAttempt2of2 Title Quiz 01(Isms Nationalism...

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View Attempt 2 of 2 Title: Quiz 01 (Isms & Nationalism) Started: August 24, 2011 12:32 PM Submitted: August 24, 2011 12:38 PM Time spent: 00:06:24 Total score: 100/100 = 100% Total score adjusted by 0.0 Maximum possible score: 100 1. Match the term to the correct definition. Colonialism Capitalism Command Economy Mixed Economy Inflation Recession Depression a. A system in which economic decisions are made on behalf of the public by planners who determine what sorts of goods and services are available and how often or in what manner those services will be allocated. b. A period of low production, low prices, little or no profits, widespread business failures, few bank loans, heavy employment, low wages, and a general feeling of pessimism. c. A falling off of demand for goods, decreased production, falling prices and profits, the calling in of bank loans, decreasing employment, falling wages, and a general feeling of economic caution and worry. d. A rise in the general level of prices. This is equivalent to a fall in the purchasing power of currency.
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