Capital And Communism Question Preview (ID: 35563)
SOL 9b WHII.
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Which economic system is best described by this list? • Favored by Adam Smith • Includes entrepreneurs • Relies on competition for regulation
a) positivism
b) communism
c) capitalism
d) mercantilism
• Described by Friedrich Engels • Redistributes wealth • Used by the Soviet Union
a) capitalism
b) mercantilism
c) manorialism
d) communism
Wrote The Wealth of Nations • Favored capitalism • Opposed mercantilism
a) Marx
b) Colbwert
c) Engels
d) Smith
Who believed that governments should NOT interfere with a free market economy?
a) Karl Marx
b) Adam Smith
c) Vladimir Lenin
d) Adolf Hitler
Which of the following ideas would have been promoted by Karl Marx?
a) The economy should thrive because of competition among businesses.
b) The economy should operate without government interference.
c) Wealth should be distributed equally among citizens.
d) Entrepreneurs should be encouraged to start new businesses.
Karl Marx wrote two books, Das Capital and —
a) The Wealth of Nations
b) The Spirit of Laws
c) Communist Manifesto
d) The Social Contract
What is laissez-faire economics?
a) Some industries should be owned by the government to help the workers
b) The economy should be controlled by the government
c) No government interference in the economy
d) The Bourgeoisie class should be taxed at a higher rate
Individuals who risk their wealth to produce a good or service in order to earn a profit are known as —
a) laissez-faire
b) labor unions
c) socialists
d) entrepreneurs
The Communist Manifesto was written by —
a) Adam Smith
b) Vladamir Lenin
c) Karl Marx
d) Thomas Hobbes
Adam Smith's book, Wealth of Nations, supported the idea of a —
a) State controlled industries
b) retarding of the entrepreneurial spirit
c) free market economy
d) communist take over of Farming
Which economic system was created as a reaction to the unequal distribution of wealth in capitalism?
a) Free market system
b) Mercantilism
c) Socialism
d) Manorialism
Each of the following are tenets of communism EXCEPT —
a) redistribution of wealth from rich to poor
b) rise of the proletariat
c) governmental control over the economy
d) laissez-faire economic policy
Who helped Karl Marx write The Communist Manifesto?
a) Friedrich Engels
b) Jean-Jacques Rousseau
c) Montesquieu
d) Adam Smith
In which economic system is everyone free to choose what they buy and sell?
a) capitalism
b) mercantilism
c) communism
d) manorialism
Creates an unequal distribution of wealth • Increases the standard of living for the middle class • Described in The Wealth of Nations • Traditionally used in the United States
a) Mercantilism
b) Capitalism
c) Positivism
d) Communism
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