Section 2 Test Part 1

Match it! Select the correct answer from the pull down...Good luck!

In the circular flow model, everything flows from a business to a household on a ____________ basis.

Capitalism has spread to nearly every part of the world in a process that is known as _______________.

Proletariat is the term used by Karl Marx for who?

Karl Smith was the father of socialist thinking.

Adam Smith was an individual who believed that the government should have control over the people in the economy.

Which of the following does the Role of Government not consist of?

A _____________ economy is some element of state control over the economy combined with the free enterprise.

National defense falls under the ______________ function of government.