Which step in the Communist Revolution never happens

The "Dictatorship of the Proletariat" withers away

Large Factories would drive out all small businesses, The rich would acquire all the wealth

Jeremy Benthem, John Stewart Mill

The Law of Comparative Advantage says two countries should

Both make what they're best at and then trade.

Utilitarians wanted to help

Workers, Women, Children, Prisoners

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Economics Introduction Part 2

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An introduction to Economics dealing with people and theory.

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Questions 26

Answers

1
Which country is the best example of Marxism
Cuba
North Korea
China
Russia
2
Examples of Proto-Capitalism are all but one.
Putting Out System
Cottage Industry
Enclosures
Guilds
3
Which step in the Communist Revolution never happens
Revolutionaries takes over the Factors of Production
The "Dictatorship of the Proletariat" withers away
Rich get richer
There is a "Dictatorship of the Proletariat"
4
Marx predicted that
The Middle Class would help the poor
Large Factories would drive out all small businesses
Small Factories would drive out all Large Factories
The rich would acquire all the wealth
5
Which group wanted to build perfect societies around factories?
Utopian Socialists
Soicalists
Utilitarians
Capitalists
6
Wealth of Nations was written by
Robert Owen
Adam Smith
David Ricardo
Thomas Malthus
7
The main difference between Socialism and Communism is
Communism has no government
Socialism has no government
Communism has Factors of Production owned by the Government
Socialism has Factors of Production owned by all the people.
8
Marx argues that the driving force of History was
Economics
Religion
Ethnicity
Democratic Reforms
9
Utilitarian
Adam Smith
Robert Owen
Jeremy Benthem
John Stewart Mill
10
Mercantilism is Associated with which person
David Ricardo
Thomas Malthus
Jean-Baptiste Colbert
Adam Smith
11
Socialist
John Stewart Mill
Charles Fourier
Adam Smith
Robert Owen
12
This group wanted government to take over all factors of production
Socialists
Utilitarians
Communists
Capitalists
13
Karl Marx and Frederick Engels wrote this phamplet in 1848
Communist Phamplet
Communist Ideology
Socialist Manifesto
Communist Manifesto
14
The Law of Comparative Advantage says two countries should
Both should take advantage of what others have.
Both make what they're best at and then trade.
Both should compare what they have to what others have.
Both should be self sufficient and make everything they need
15
Which group wanted the government to reduce wealth disparities
Capitalists
Utilitarians
Communists
Socialists
16
laissez faire means
Let it be
Let it will
Let it go
Let it see
17
The Law of Comparative Advantage was devised by
David Ricardo
Thomas Malthus
Adam Smith
Robert Owen
18
Entrepreneurs came out of all classes but one
Peasants
Aristocracy
City Workers
Not true
19
Adam Smith's three natural laws of Economics are all but one.
Law of Supply and Demand
Law of Competition
Law of Self Interest
Law of Comparative Advantage
20
All groups benefited from capitalism except
Wrong, All Benefited
Lower Class
Upper Class
Middle Class
21
Utopian Socialist
John Stewart Mill
Jeremy Benthem
Adam Smith
Robert Owen
22
Utilitarians wanted to help
Upper Middle Class, Lower Middle Class
All of them
Workers, Women, Children, Prisoners
Aristocracy, Nobility, Wealthy Land Owners
23
Socialists argued for all but one
Vote for women
Government own all factors of production
Planned economy by the government
Ending poverty and bringing in equality for all
24
Mercantilism is associated with all the following except
Gold and Silver
Positive Balance of trade
Deficit Spending
Imperialism
25
All of these are Classical Economists but one.
David Ricardo
Robert Owen
Adam Smith
Thomas Malthus
26
Who said population would eventually outstrip food production?
Thomas Malthus
Adam Smith
David Ricardo
Robert Owen

Economics Introduction Part 2 Flashcards | StudBud