Economic Systems: Industrial Revolution

Question 1

T-F: Bourgeoisie is the Rich Class

Accepted Answer

True

Question 2

T-F: Capitalism Encourages Innovation

Accepted Answer

True

Question 3

T-F: Proletariat is the Working Class

Accepted Answer

True

Question 4

What is an economic and political system where factorsof production are controlled by private owners?

Accepted Answer

Capitalism

Question 5

refers to the economic policy of letting owners ofindustry and business set working conditions without interference...

Accepted Answer

Laissez-faire

Question 6

Communism is...

Accepted Answer

where the government owns all factors ofproduction.

Question 7

T-F: Proletariat is the Rich Class

Accepted Answer

False

Question 8

Who Made The Wealth of Nations?

Accepted Answer

Adam Smith, Scottish economist

Question 9

T-F: Universal Health Care is a Pro Of Communism

Accepted Answer

True

Question 10

_______ an economic and political system where factorsof production are controlled by private owners.

Accepted Answer

Socialism

Question 11

True or Faulse: Communism is private owners control everything

Accepted Answer

False

Questions 11