Have an account?
Skip to Content
Build your own quiz
Suggestions for you
30 questions
Show Answers
See Preview
- 1. Multiple Choice
The economic policy favored by industrial leaders
Capitalism
Socialism
Communism
- 2. Multiple Choice
Command Economy - the government controls all economic activity
Capitalism
Socialism
Communism
- 3. Multiple Choice
Ricardo, Malthus, Smith
Capitalism
Socialism
Communism
- 4. Multiple Choice
The public as a whole control the means of production for the benefit of all people rather than individuals
Capitalism
Socialism
Communism
- 5. Multiple Choice
Goal: To achieve material equality by promoting a more equal distribution of wealth
Capitalism
Socialism
Communism
- 6. Multiple Choice
Wanted the workers to control the government and society
Capitalism
Socialism
Communism
- 7. Multiple Choice
Goal: To make a profit in the free-market
Capitalism
Socialism
Communism
- 8. Multiple Choice
Robert Owen
Capitalism
Socialism
Communism
- 9. Multiple Choice
Would move away from capitalism more gradually and by democratic means (laws)
Capitalism
Socialism
Communism
- 10. Multiple Choice
Karl Marx
Capitalism
Socialism
Communism
- 11. Multiple Choice
Goods would be distributed by the Free Market
Capitalism
Socialism
Communism
- 12. Multiple Choice
Would move away from capitalism after workers rebelled and took over the means of production
Capitalism
Socialism
Communism
- 13. Multiple Choice
Goal: to redistribute the nation’s wealth to create a classless society
Capitalism
Socialism
Communism
- 14. Multiple Choice
No private property allowed
Capitalism
Socialism
Communism
- 15. Multiple Choice
Individuals rather than the government control the means of production
Capitalism
Socialism
Communism
- 16. Multiple Choice
The government must act to protect the workers
Capitalism
Socialism
Communism
- 17. Multiple Choice
The principle of laissez-faire states that
all citizens of a certain age should have the right to vote
government should control all aspects of business
government should not interfere in the economy
workers should have the right to strike
- 18. Multiple Choice
Why do you think Thomas Malthus urged families to have fewer children?
He disliked children
Children were a burden to the state
He believed that population would outpace the food supply
He believed as population grew, the economy declined
- 19. Multiple Choice
Low wages and laws that limited charity to the poor were justified by the ideas of
Andrew Carnegie
Karl Marx
Thomas Malthus
Robert Owen
- 20. Multiple Choice
What type of society did Robert Owen want to create at his mill?
communism
capitalism
Utopian, peaceful
revolutionary
- 21. Multiple Choice
Karl Marx believed that
That the government should NOT be involved in business at all
That the population would soon outgrow the amount of food produced
That if people are paid high wages then they will have more children
In order for there to be equality, capitalism must be destroyed
- 22. Multiple Choice
According to Marx, establishing a society based on cooperation and equal distribution of wealth would require
a revolution by the factory owners
development of a wealthy industrial class
universal public education
revolution by workers
- 23. Multiple Choice
Which of the following conditions during the Industrial Revolution supported Karl Marx’s ideas?
There were a few wealthy business people while the majority of people were poor.
More material goods were available.
People were no longer threatened by famine
People left the countryside and moved to the cities
- 24. Multiple Choice
Socialism is the political and economic system in which…
Individuals, rather than the government, control the means of production
The government owns the means of production, but individuals operate them
The people as a whole control the means of production, rather than individuals
The government controls and operates the means of production
- 25. Multiple Choice
Capitalism is the economic system in which
the government owns the means of production and operates them for the welfare of all the people
the profit motive and competition in business are completely eliminated
people retain partial control over economic planning through the election of government officials
individuals rather than the government control the means of production
- 26. Multiple Choice
Author of The Wealth of Nations, describing wealth and how it is created
Adam Smith
Robert Owen
Karl Marx
David Ricardo
- 27. Multiple Choice
Demonstrated his ideas about socialism by founding a utopian community
Adam Smith
Robert Owen
Thomas Malthus
Karl Marx
- 28. Multiple Choice
All of the resources need to produce and distribute goods.
Standard of Living
Supply and Demand
Profit
Means of Production
- 29. Multiple Choice
Put forth a more radical view of socialism, declaring that more workers would sink into poverty with the growth of capitalism
David Ricardo
Robert Owen
Karl Marx
Adam Smith
- 30. Multiple Choice
Level of material comfort
Means of Production
Standard of Living
Quality of Life
Comfort Level
- Answer choicesTagsAnswer choicesTags