What does laissezz-faire economics mean?

When government leaves businesses alone they will prosper.

What can be implied from the political cartoon?

That capitalism offers consumers a variety of choices.

What is the cartoonist implying with this political cartoon?

Capitalism makes owner's overly concerned with their profits

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Economic Systems Quiz

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Social Studies

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Questions 12

Answers

1
Which economist was concerned that there would not be enough food for the population?
Adam Smith
Robert Owen
Karl Marx
Thomas Malthus
2
Who do you think said this? "The real tragedy of the poor is the poverty of their aspirations."
Robert Owen
Adam Smith
Karl Marx
Frederick Engels
3
What does laissezz-faire economics mean?
All business should support the wealth of the nation.
The government should make all businesses equal.
Business will operate for profit of the owners.
When government leaves businesses alone they will prosper.
4
Which economic system cares primarily with private ownership?
socialism
communism
utilitarianism
capitalism
5
Who said this? "Workers of the world unite; you have nothing to lose but your chains."
Karl Marx
Robert Owen
Adam Smith
Thomas Malthus
6
Which econ system thinks big industries like healthcare & retirement should be owned gov owned?
utilitarianism
socialism
communism
capitalism
7
Which economic system primarily values equality and KUMBAYA?
utilitarianism
socialism
communism
capitalism
8
What can be implied from the political cartoon?
That capitalism offers consumers a variety of choices.
That capitalism is bad for consumers.
That communism gives consumers choices.
That communism is great for consumers.
9
Socialist? 1. Some industry shld be owned by gov. 2. All industry private. 3. Some own private.
1 & 3
1 & 2
3 only
1, 2, & 3
10
What is the cartoonist implying with this political cartoon?
Capitalism protects employees rights to unionize.
Capitalism protects high wages for employees.
Capitalism makes owner's overly concerned with their profits
Under capitalism CEOs care little about their own profits.
11
Who said the proletariat (poor) would eventually rise up against the bourgeoisie (the rich)?
Karl Marx
Thomas Malthus
Adam Smith
Robert Owen
12
What is not a characteristic of communism?
equality
classless society
land-sharing
private ownership

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