Unit Review: Economic Theories
Authored by Winston Blackburn
History
10th Grade
Used 151+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Adam Smith's laissez-faire theories are most closely associated with
the separation of church and state
minimal government regulation of the economy
a command economy
high tariffs to protect domestic businesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economic theory of laissez-faire capitalism proposes that
command economies should provide the greatest opportunity for national growth
the practices of mercantilism should be expanded
governments should not interfere with business
the nobility should have strict control over business and industry
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Laissez-faire practices are most closely associated with a
command economy
traditional economy
mixed economy
market economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which traits characterize a laissez-faire capitalist economic system?
national health care and social security
central planning and government quotas
slash-and-burn agriculture and animal-powered technology
private property and profit incentive
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is supported by the ideas of Karl Marx?
Countries should benefit from the wealth of their colonies.
Industrial capitalism allows workers and employers to work together for a common purpose.
Industrialization benefits the wealthy and exploits the poor.
Private ownership of businesses helps workers.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In The Communist Manifesto, Karl Marx and Friedrich Engels expressed the idea that
religion should be the most important factor in society
profits from work should belong to the workers
power should be determined by a person’s wealth
supply and demand should control prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Karl Marx and Friedrich Engels developed a theory that economic conditions would significantly improve for the working class only when
the bourgeoisie became the ruling class
workers controlled the means of production
governments accepted the capitalist system
workers negotiated with the capitalists
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