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Capitalism and Socialism Flashcards | StudBud
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Capitalism and Socialism
Capitalism and Socialism
10 terms
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StudBud Administration
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A quiz on capitalism and socialism
Flashcards
10 cards
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Questions
10
Answers
1
Laissez-faire is a French phrase that means:
Let people do as they please
Sieze the Day
Let it be fair
Live and Let Live
2
Idea that states that "Competition forces people to make a better product"
Law of self-interest
Law of supply and demand
Law of pure sales
Law of Competition
3
I was a stockbroker who believed that a permanent underclass will always be poor
John Stuart Mill
Karl Marx
David Ricardo
Adam Smith
4
Who wrote "The Communist Manifesto"?
Mill and Smith
Fourier and St. Simon
Marx and Engels
Ricardo and Malthus
5
I was a German journalist who thought that societies are divided in warring classes
Robert Owen
John Stuart Mill
Charles Fourier
Karl Marx
6
In my opinion, people work for their own good.
Adam Smith
Thomas Malthus
Jeremy Bentham
Leshawn Crooks
7
I'm famous for thinking that population could be managed through epidemics and wars
Adam Smith
Inga Marchand
John Stuart Mill
Thomas Malthus
8
I argued that government should to promote the greatest good for the greatest number of people
John Stuart Mill
Alexis de Tocqueville
David Ricardo
Jeremy Bentham
9
This economic theory states that ownership over all property is by the people
Capitalism
Utilitarianism
Communism
Socialism
10
This economic theory says that progress results when individuals follow their own self-interest
Socialism
Utilitarianism
Capitalism
Communism