What would a market economist think about the idea of creating crown corporations?

Hate it...why do that? They should all be privatized.

Which of the following is NOT attributed to this man?

Created the New Deal to help American society

The main message of this cartoon is that...

Government intervention comes with challenges!

What is deficit spending?

Government going into debt to spend its way out of recession

A country uses the idea of a welfare state with what main motive in mind?

Take care of the people first and the economy will benefit

The group pictured was concerned with what idea of progress during the Industrial Revolution?

Machines replacing workers in an economic system

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Social 30 Unit 2 Section 1 Review

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Social 30

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Questions 15

Answers

1
The ideas of classical liberalism were tested out economically during the...
Industrial Revolution
Great Depression
Age of Exploration
World Wars
2
What would a market economist think about the idea of creating crown corporations?
Hate it...why do that? They should all be privatized.
Dislike it a bit...only essential crown corporations
Like it...a couple would be okay
Love it...the more the better
3
This photo can be best linked to which woman who led the US suffrage movement?
Emily Davison
Alice Paul
Catty Callan
Gertrude Baker
4
Which of the following is NOT attributed to this man?
Created the New Deal to help American society
Believed in welfare capitalism
Was key to the era of progressivism
Was the inspiration for teddy bears
5
Adjusting tax rates and government spending are key to a countries ________ policy.
Fiscal
Regulation
Monetary
Nationalization
6
The practices of these two folks could be best linked to what idea and thinker?
Demand side economics, Hayek
Demand side economics, Keynes
Supply side economics, Keynes
Supply side economics, Hayek
7
A supply side economist would like all but which of the following?
Government spending
Government deregulation
Cutting social programs
Cutting taxes
8
The main message of this cartoon is that...
Universal healthcare is easy to implement!
Obamacare was an easy sell to the American people!
The United States was ready for universal healthcare!
Government intervention comes with challenges!
9
What is deficit spending?
Government printing more money to use in society
Government going into debt to spend its way out of recession
Government spending lots of money to fight inflation
Government spending money to create social programs
10
Who of Edmund Burke,Barack Obama,Teddy Roosevelt and Robert Owen sits most right on a spectrum?
Obama
Burke
Roosevelt
Owen
11
Which opponent of classical liberalism would focus mainly on a demand for more voting rights?
Utopian Socialism
Chartism
Marxism
Classical Conservatism
12
Proponents of "laissez faire" capitalism would look back fondly on what time period?
The presidency of Barack Obama
The Progressive Era
The Great Depression
The Roaring 20's
13
A country uses the idea of a welfare state with what main motive in mind?
Allow economics to run their course and everyone benefits
The government should rarely get involved in economics.
People are ultimately responsible for their own welfare.
Take care of the people first and the economy will benefit
14
The picture best represents which element of modern liberalism?
Universal suffrage
Disenfranchisement
Old age pensions
Feminism
15
The group pictured was concerned with what idea of progress during the Industrial Revolution?
Pay equity for men and women
The formation of labour unions
The gap between poor workers and the "nouveau riche"
Machines replacing workers in an economic system

Social 30 Unit 2 Section 1 Review Flashcards | StudBud