World CIV: New Economic Theories Exam Questions & Answers.
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Course
CIV.
Institution
CIV.
World CIV: New Economic Theories Exam Questions & Answers.
In The Communist Manifesto, Karl Marx hypothesized that capitalism would fail if workers ___________. - CORRECT ANSWER revolted
The three main ideas behind capitalism as defined by Adam Smith are - CORRECT ANSWER competition, self i...
World CIV: New Economic Theories
Exam Questions & Answers.
In The Communist Manifesto, Karl Marx hypothesized that capitalism would fail if workers ___________.
- CORRECT ANSWER revolted
The three main ideas behind capitalism as defined by Adam Smith are - CORRECT ANSWER competition,
self interest, and laissez-faire.
What two principles form the basis for capitalism? - CORRECT ANSWER private ownership and free
markets
This excerpt is from The Wealth of Nations by Adam Smith.
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but
from their regard to their own self-interest."
Which statement best explains Smith's point? - CORRECT ANSWER Businesses acting in their own
interests expect something in return for their services.
The following passage is from The Communist Manifesto written by Karl Marx in 1848.
"Let the ruling classes tremble at a Communist revolution. The proletarians [workers] have nothing to
lose but their chains. They have a world to win. Working men of all countries, unite!"
Which best explains what Marx hoped to get across? - CORRECT ANSWER Workers should unite in the
communist movement.
What moderate reforms did European socialists support? Check all that apply. - CORRECT ANSWER
assistance for the poor
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