"Yes or No: Modern Economic Systems Challenge"

Yes or No

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About this activity

A yes or no game about student 3's work

Created by

Ali Ghorayeb

Lebanon

Download the paper version to play

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"Yes or No: Modern Economic Systems Challenge"Online version A yes or no game about student 3's work by Ali Ghorayeb 1 A traditional economy makes decisions based on customs and habits. Yes No 2 Do people in a traditional economy often seek major changes in their way of life? Yes No 3 In a market economy, do individuals and businesses make most economic decisions? Yes No 4 Does a free enterprise system encourage innovation and entrepreneurship? Yes No 5 Is lack of competition and low worker motivation a disadvantage of command economies? Yes No 6 Do command economies usually provide complete economic freedom for individuals? Yes No 7 Does a mixed economy combine elements of traditional, market, and command systems? Yes No 8 Does socialism involve the government aiming to reduce income inequality through high taxes? Yes No 9 Can monopolies be a problem in market economies due to lack of competition? Yes No 10 Was Mao Zedong influenced by Karl Marx’s idea of a classless society? Yes No 11 Did Mao Zedong believe that collective farming would create equality in China? Yes No 12 Did China remain fully communist after the 1970s without allowing private businesses? Yes No 13 Is Karl Marx considered the father of modern communism? Yes No 14 Did Karl Marx encourage the proletariat (working class) to rise against the bourgeoisie (rich class)? Yes No 15 Did China’s economy grow by staying strictly communist without any capitalist ideas? Yes No 16 According to Schumpeter, capitalism helps fuel innovation in economies? Yes No

"Yes or No: Modern Economic Systems Challenge"Online version

A yes or no game about student 3's work

by Ali Ghorayeb

A traditional economy makes decisions based on customs and habits.

Yes

Do people in a traditional economy often seek major changes in their way of life?

Yes

In a market economy, do individuals and businesses make most economic decisions?

Yes

Does a free enterprise system encourage innovation and entrepreneurship?

Yes

Is lack of competition and low worker motivation a disadvantage of command economies?

Yes

Do command economies usually provide complete economic freedom for individuals?

Yes

Does a mixed economy combine elements of traditional, market, and command systems?

Yes

Does socialism involve the government aiming to reduce income inequality through high taxes?

Yes

Can monopolies be a problem in market economies due to lack of competition?

Yes

Was Mao Zedong influenced by Karl Marx’s idea of a classless society?

Yes

Did Mao Zedong believe that collective farming would create equality in China?

Yes

Did China remain fully communist after the 1970s without allowing private businesses?

Yes

Is Karl Marx considered the father of modern communism?

Yes

Did Karl Marx encourage the proletariat (working class) to rise against the bourgeoisie (rich class)?

Yes

Did China’s economy grow by staying strictly communist without any capitalist ideas?

Yes

According to Schumpeter, capitalism helps fuel innovation in economies?

Yes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

"Yes or No: Modern Economic Systems Challenge"

Yes or No

About this activity

Created by

Download the paper version to play

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"Yes or No: Modern Economic Systems Challenge"Online version

by Ali Ghorayeb

A traditional economy makes decisions based on customs and habits.

Do people in a traditional economy often seek major changes in their way of life?

In a market economy, do individuals and businesses make most economic decisions?

Does a free enterprise system encourage innovation and entrepreneurship?

Is lack of competition and low worker motivation a disadvantage of command economies?

Do command economies usually provide complete economic freedom for individuals?

Does a mixed economy combine elements of traditional, market, and command systems?

Does socialism involve the government aiming to reduce income inequality through high taxes?

Can monopolies be a problem in market economies due to lack of competition?

Was Mao Zedong influenced by Karl Marx’s idea of a classless society?

Did Mao Zedong believe that collective farming would create equality in China?

Did China remain fully communist after the 1970s without allowing private businesses?

Is Karl Marx considered the father of modern communism?

Did Karl Marx encourage the proletariat (working class) to rise against the bourgeoisie (rich class)?

Did China’s economy grow by staying strictly communist without any capitalist ideas?

According to Schumpeter, capitalism helps fuel innovation in economies?

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