What form of state intervention in the economy would John Maynard Keynes have most likely favored?

spending on public works in times of crisis

As an early American response to the Great Depression, the Smoot-Hawley Act did which of the following?

imposed protective tariffs on foreign goods

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AP World History Period 4: 1900-Present, Economic Systems

10 termsStudBud Administration4,403 plays

How well do you know the economics during this time period, including economic transformations and global banking? Put your knowledge to the test with this Barron's quiz developed from our must-have AP® World History: Modern Premium study guide. #apworldhistory #worldhistory #apprep #apworldexam #apworld #apworldhistorymodern #highschool #grade9 #grade10 #grade11 AP® is a registered trademark of the College Board, which was not involved in the production of, and does not endorse, this product.

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Questions 10

Answers

1
What two cities dominated the global banking system by the early 1920s?
London and New York
Paris and Vienna
Moscow and London
Paris and Tokyo
2
What radical and traumatic economic transformation did Mao Zedong force on China in the late 1950s?
the Great Leap Forward
the New Economic Policy
the Hundred Flowers Campaign
the Five-Year Plan
3
Economic systems that mix elements of capitalism and socialism are sometimes called _____ economies.
alternative
indecisive
hybrid
third way
4
Capitalist economies are theoretically guided by which market forces?
interest and principal
supply and demand
the cash nexus
the class struggle
5
What form of state intervention in the economy would John Maynard Keynes have most likely favored?
complete nationalization of the banking system
spending on public works in times of crisis
revolutionary seizure of private property
no intervention at all
6
What outcome resulted from Stalin’s and Mao’s efforts to collectivize agriculture in the USSR and China?
surprisingly little change
peasant rebellions
higher crop yields
devastating famines
7
Which of the following does NOT bind together the member nations of the European Union?
free movement of people and goods
compatible economic regulations
mutual defense agreements
common currency
8
Mercosur is a free-trade organization operating in which region?
sub-Saharan Africa
Asia
Latin America
North America
9
In what sort of economy would jobs like store clerks and sales agents be most characteristic?
industrial
knowledge
agrarian
service
10
As an early American response to the Great Depression, the Smoot-Hawley Act did which of the following?
provided jobs by investing in public works
imposed protective tariffs on foreign goods
kept farms intact by buying surplus crops
insured ordinary people’s bank accounts

AP World History Period 4: 1900-Present, Economic Systems Flashcards | StudBud

AP World History Period 4: 1900-Present, Economic Systems

10 termsStudBud Administration4,403 plays

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
What two cities dominated the global banking system by the early 1920s?
London and New York
Paris and Vienna
Moscow and London
Paris and Tokyo
2
What radical and traumatic economic transformation did Mao Zedong force on China in the late 1950s?
the Great Leap Forward
the New Economic Policy
the Hundred Flowers Campaign
the Five-Year Plan
3
Economic systems that mix elements of capitalism and socialism are sometimes called _____ economies.
alternative
indecisive
hybrid
third way
4
Capitalist economies are theoretically guided by which market forces?
interest and principal
supply and demand
the cash nexus
the class struggle
5
What form of state intervention in the economy would John Maynard Keynes have most likely favored?
complete nationalization of the banking system
spending on public works in times of crisis
revolutionary seizure of private property
no intervention at all
6
What outcome resulted from Stalin’s and Mao’s efforts to collectivize agriculture in the USSR and China?
surprisingly little change
peasant rebellions
higher crop yields
devastating famines
7
Which of the following does NOT bind together the member nations of the European Union?
free movement of people and goods
compatible economic regulations
mutual defense agreements
common currency
8
Mercosur is a free-trade organization operating in which region?
sub-Saharan Africa
Asia
Latin America
North America
9
In what sort of economy would jobs like store clerks and sales agents be most characteristic?
industrial
knowledge
agrarian
service
10
As an early American response to the Great Depression, the Smoot-Hawley Act did which of the following?
provided jobs by investing in public works
imposed protective tariffs on foreign goods
kept farms intact by buying surplus crops
insured ordinary people’s bank accounts