Economics MCQS

861. How does capitalism address the provision of public education and healthcare?
A) Capitalism relies on market mechanisms and private initiatives forpublic education and healthcare.
B) The government is solely responsible for providing public education and healthcare in capitalism.
C) Public education and healthcare are irrelevant in capitalism.
D) Public education and healthcare are determined by individual preferences.

862. How does capitalism impact the role of the legal system?
A) The legal system enforces property rights and contracts, ensuring fair competition.
B) The legal system has no role in capitalism.
C) The legal system restricts individual freedoms in capitalism.
D) The government controls and dictates the legal system in capitalism.

863. How does capitalism address the issue of poverty?
A) Capitalism may result in poverty, but it also provides opportunities for upward mobility.
B) Capitalism promotes poverty.
C) The government is solely responsible for addressing poverty in capitalism.
D) Capitalism eliminates poverty.

864. What is the primary advantage of capitalism?
A) Capitalism encourages innovation, efficiency, and individual initiative, leading to economic growth.
B) Capitalism eliminates competition, ensuring economic stability.
C) Capitalism restricts individual freedoms for the greater good.
D) Capitalism relies solely on government planning for economic success.

865. How does capitalism respond to innovation and technological advancement?
A) Capitalism encourages innovation and technological advancement through market competition.
B) Innovation and technological advancement are irrelevant in capitalism.
C) The government controls and directs innovation in capitalism.
D) Capitalism restricts innovation for social stability.

866. What is the impact of capitalism on entrepreneurship?
A) Capitalism encourages entrepreneurship by providing opportunities for private initiatives.
B) Capitalism eliminates entrepreneurship.
C) The government controls and directs all entrepreneurial activities in capitalism.
D) Entrepreneurship is irrelevant in capitalism.

867. How does capitalism address the issue of social mobility?
A) Capitalism provides opportunities for upward social mobility based on individual effort and success.
B) Social mobility is restricted in capitalism.
C) The government determines social mobility in capitalism.
D) Social mobility is irrelevant in capitalism.

868. How does capitalism impact the role of the financial system?
A) The financial system plays a crucial role in facilitating private investments, capital formation, and economic growth.
B) The financial system has no role in capitalism.
C) The government controls and directs the financial system in capitalism.
D) The financial system is irrelevant in capitalism.

869. How does capitalism address the issue of individual responsibility?
A) Capitalism emphasizes individual responsibility and accountability for success and failure.
B) Individual responsibility is irrelevant in capitalism.
C) The government determines individual responsibility in capitalism.
D) Capitalism eliminates individual responsibility.

870. How does capitalism address the issue of economic planning?
A) Capitalism relies on decentralized decision-making and market signals for economic planning.
B) Economic planning is determined solely by the government in capitalism.
C) Economic planning is irrelevant in capitalism.
D) The government controls and dictates economic planning in capitalism.