capitalists who own the means of production

A producer in a capitalist system might do which of the following to further her goals?

redesign products to use fewer resources

Which of these characterizes one predicted result of a laissez-faire system?

producer competition for resources

Which of these is a socialist aspect of the American mixed economy?

Education through high school is provided for free.

Which of these is true of current communist countries?

Government controls natural resource use.

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Foundations of Government 1-3

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1-3 Quiz

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Questions 10

Answers

1
bourgeoisie
“to let alone;” Adam Smith's economic approach
generations of familial elders rule
capitalists who own the means of production
workers who produce goods
2
A producer in a capitalist system might do which of the following to further her goals?
raise prices in the face of competition from another company
sell a share of her business to a government entity
redesign products to use fewer resources
ignore costs of production
3
Which of these terms would best represent Karl Marx’s theory of communism?
initiative
authoritarian
bourgeoisie
common property
4
In a laissez-faire economic approach, the government is heavily involved in regulating business.
True
False
5
proletariat
“to let alone;” Adam Smith's economic approach
workers who produce goods
gives all key powers to central government
capitalists who own the means of production
6
Which of these characterizes one predicted result of a laissez-faire system?
producer competition for resources
better workplace conditions for workers
more government involvement in business
unlimited supply of consumer products
7
Which of these is a socialist aspect of the American mixed economy?
Education through high school is provided for free.
Many American-made goods can be sold in all 50 states.
Many health management organizations are privately owned.
Consumers can decide to buy wind energy from a power company.
8
In a traditional economy, rugs woven from wool may be traded for fish and other food.
False
True
9
Which of these is true of current communist countries?
Distribution is controlled by the workers.
Private investments are common.
No one receives wages for work.
Government controls natural resource use.
10
Entrepreneurs use distributors to purchase resources and invest in the production of goods.
False
True

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