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20 questions
What is the perspective of the following quote:
"POVERTY AND SUFFERING ARE NOT DUE TO THE UNEQUAL DISTRIBUTION OF GOODS AND RESOURCES BUT TO THE UNEQUAL DISTRIBUTION OF CAPITALISM"
Anti-capitalist because he believes that capitalist systems are unable to distribute goods and services equitably
Pro-capitalist because he argues that capitalist systems continue to expand the production of goods and services.
Anti-Capitalist because he implies that capitalist systems encourage the wasteful use of natural resources.
Pro-capitalist because he suggests that hardships are lessened if capitalism is more universally implemented
By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it.
The author of the quote would believe that self interest...
Creates economic instability
Encourages class struggle
Creates broad based prosperity
Encourages the exploitation of resources
Which of the following is NOT one of the questions that ALL economic systems answer?
What will we produce?
How will we produce it?
For whom will it be produced?
When does production start?
In which economic system is ALL property owned by individuals?
Traditional Economy
Command Economy
Market Economy
Mixed Economy
All of the following are the benefits of capitalism EXCEPT
freedom to choose whatever consumers want to buy
encourages innovation
incentive to be rich
equality among people
The idea that individuals in a society get to choose the products they want through their dollar vote is due to the idea of...
Consumer sovereignty
Demand economics
Individual choice
Consumer incentive
Scarcity
Equality
DIsparity
Prosperity
Fewer choices for products and services
Innovation in products and services
Increased number of monopolies
Standardization of products and services
The unequal distribution of wealth in the Free Market Economy
The inefficient spending of taxpayer dollars in the Planned Economy
The excessive use of government force in the Planned Economy
The constant use of taxation to pay off debts in the Free Market Economy
Collective interest and state control
Creativity and independence
Self-interest and loyalty
Personal freedom and consumer choice
In a planned economy, when a government controls the supply of resources, which of the following is most limited?
Private property
Consumer sovereignty
Individual rights
Worker incentive
Which ideology supports the idea that equality can be achieved through peaceful means?
Mercantilism
Capitalism
Communism
Democratic Socialism
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