Capitalism answers the 3 economic questions by:

the market decisions of buyers and sellers

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Communism and Socialism

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Intro to alternative economic systems of Capitalism, Communism, and Socialism.

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Questions 14

Answers

1
This system has largely government owned production but holds free elections for leaders
Federalism
Capitalism
Communism
Democratic Socialism
2
Socialism answers the 3 economic questions by:
the market decisions of buyers and sellers
government direction
it doesn't try to answer those
agreement by the people
3
Socialism bans the ownership of private property.
False
True
4
Which is NOT one of Marx's criticisms of Capitalism?
Materialism and consumerism
Exploitation of the worker
The Middle Class
Monopolies
5
Marx referred to the laboring class as:
the Middle Class
the bourgeoisie
the proletariat
les incompetents
6
Socialism is built on human...
cooperation
competition
7
Which is NOT one of the three questions of production?
How will it be produced?
For whom should it be produced?
What should be produced?
Why should this be produced?
8
Capitalism answers the 3 economic questions by:
the market decisions of buyers and sellers
government direction
agreement by the people
it doesn't try to answer those
9
Communism is based on the philosophy of...
Adam Smith
Vladimir Lenin
the Easter Bunny
Karl Marx
10
Karl Marx wrote the book called...
Wealth of Nations
Das Kapital
A Red, Red World
The Worker's Rise
11
China is best defined as:
Authoritarian Socialist
Communist
Democratic Socialist
Free Market Capitalist
12
Which of the following is generally ALLOWED under Communism?
Currency
Private Property
Industrial Production
National Borders
13
Which of the following is NOT a common component of Socialism?
High Taxes
Health Coverage for All
High Levels of Government Control
Low Taxes
14
Communism answers the 3 economic questions by:
it doesn't try to answer those
government direction
agreement by the people
the market decisions of buyers and sellers

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