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- 1. Multiple Choice
Scottish Professor who believed that the successful market economy is based on competition.
Adam Smith
Kark Marx
- 2. Multiple Choice
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Socialism
Communism
Marxism
Capitalism
- 3. Multiple Choice
A political theory derived from Karl Marx, in which private ownership would cease to exist.
communism
Laissez-faire
free enterprise
capitalism
- 4. Multiple Choice
An economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate.
socialism
Free enterprise system
marxism
natural rights system
- 5. Multiple Choice
Philosopher and economist famous for his ideas about communism and who wrote The Communist Manifesto.
Adam Smith
King George
Karl Marx
Voltaire
- 6. Multiple Choice
Adam Smith said there were ___ natural laws to economics
2
6
9
3
- 7. Multiple ChoiceA policy or attitude of letting things take their own course, without interfering.Laissez-faireLaw of supply and demandProletariatSocialism
- 8. Multiple Choice
Adam Smith wrote a book called
The Last Frontier
Economics 101
The Wealth of Nations
Capitalism - A New Beginning
- 9. Multiple Choice
Workers or working class people, according to Marx, were called the
Nobility
Merchants
Proletariat
Miners
- 10. Multiple Choice
The goal of capitalism is for business owners to
make a profit
barely make a living
share all their profits with employees
lose money
- Answer choicesTagsAnswer choicesTags