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Capitalism, Socialism, and Communism Flashcards | StudBud
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Capitalism, Socialism, and Communism
Capitalism, Socialism, and Communism
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This is a quiz to review the theories of communism, capitalism and communism.
Flashcards
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Questions
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Answers
1
The ________________ might also be called the worker or laborer.
Proletariat
Bourgeoisie
Jacobins
Communists
2
Idea that a $ value can be put on everything in the marketplace, determined by supply & demand.
Distribution of Wealth
Private Ownership
Market Economy
Profit Motive
3
________ is an economic system based on private ownership and the use of capital/money.
Capitalism
Communism
Socialism
Anarchism
4
Another way to say that a product is created based on the desire of people/consumers to buy it.
Civil Rights
Supply and Demand
Marxism
Laissez Faire
5
The belief that property and the means of production should be owned by the individual is:
Anarchist
Communist
Capitalist
Socialist
6
A country that is communist today:
Sweden
Lao People’s Democratic Republic
Both 1 and 2.
The Republic of China
7
The Capitalist theorist who wrote “The Wealth of Nations”:
John Stuart Mill
Karl Marx
Adam Smith
John Locke
8
A type of economy that favors cooperation OVER competition is likely:
Anarchist
Unrealistic
Socialist
Capitalist
9
He believed that all history is shaped by economic forces and class struggle:
Jean-Jaques Rousseau
John Stuart Mill
Adam Smith
Karl Marx
10
The _____________ is also known as the middle class or the owners.
Communists
Bourgeoisie
San Culottes
Proletariat
