FREE CPCT Knowledge Questions and Answers
Which economic system prioritizes profit motive, competition, and private ownership of property, with limited government intervention in the economy?
Explanation:
Capitalism prioritizes the profit motive, competition, and private ownership of property, with minimal government intervention in the economy.
Which economic system emphasizes private ownership of the means of production and minimal government intervention?
Explanation:
Capitalism advocates for free market principles, private ownership of property, and limited government involvement in the economy.
Which political ideology advocates for a strong centralized government, state control of the economy, and authoritarian leadership?
Explanation:
Fascism advocates for a totalitarian government, state-controlled economy, and authoritarian leadership with strong nationalist and authoritarian characteristics.
Which political ideology advocates for the preservation of traditional values and institutions, limited government intervention in the economy, and a strong national defense?
Explanation:
Conservatism emphasizes the preservation of traditional values, limited government intervention in the economy, and a strong national defense.
Which political ideology advocates for the collective ownership of the means of production and distribution of goods?
Explanation:
Socialism advocates for the collective ownership and control of the means of production, distribution, and exchange of wealth.
Which economic system advocates for the elimination of private property, classless society, and common ownership of the means of production?
Explanation:
Communism advocates for the elimination of private property, a classless society, and common ownership of the means of production.
Which political ideology emphasizes social equality, government intervention to address social and economic inequalities, and protection of civil liberties?
Explanation:
Liberalism emphasizes social equality, government intervention to address social and economic inequalities, and protection of civil liberties.
Which economic system advocates for the abolition of private property, centralized control of the economy, and common ownership of the means of production?
Explanation:
Socialism advocates for the abolition of private property, common ownership of the means of production, and centralized control of the economy.
Which economic system combines elements of both capitalism and socialism, with private ownership of property alongside government regulation and social welfare programs?
Explanation:
A mixed economy combines elements of both capitalism and socialism, with private ownership of property alongside government intervention and social welfare programs.
Which political ideology emphasizes individual liberty, limited government intervention, and free-market capitalism?
Explanation:
Libertarianism emphasizes personal freedom, individual rights, and limited government intervention in both social and economic matters.
Which political ideology advocates for radical social and political change, abolition of hierarchy and authority, and decentralized decision-making?
Explanation:
Anarchism advocates for radical social and political change, abolition of hierarchy and authority, and decentralized decision-making through voluntary associations.