PRACTICE for TEST M15 L4: Reforming the Industrial World

PRACTICE for TEST M15 L4: Reforming the Industrial World

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9th - 12th Grade

Easy

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25 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is NOT one of Adam Smith's Laws of Economics?
- Law of Self-interest
- Law of Supply & Demand
- Law of Equality

Back

Law of Equality

Answer explanation

The Law of Equality is not one of Adam Smith's Laws of Economics. The correct laws include the Law of Self-interest and the Law of Supply & Demand, which focus on individual motivations and market dynamics.

2.

FLASHCARD QUESTION

Front

According to Adam Smith, a free market economy works best when it is driven by this natural law of economics: competition.

Back

competition

Answer explanation

According to Adam Smith, competition is the driving force of a free market economy. It fosters innovation and efficiency, leading to better products and services, which ultimately benefits consumers.

3.

FLASHCARD QUESTION

Front

According to Karl Marx, the final stage of human history will be a society without government or social class, which he called

Back

communism

Answer explanation

According to Karl Marx, the final stage of human history is communism, a classless and stateless society where the means of production are communally owned, eliminating the need for government and social classes.

4.

FLASHCARD QUESTION

Front

Thomas Malthus, who was alarmed about rapid population growth, predicted which of the following?

Back

resources and food would become scarce, causing terrible living conditions and conflicts.

Answer explanation

Thomas Malthus predicted that rapid population growth would lead to scarcity of resources and food, resulting in poor living conditions and potential conflicts, making this the correct choice.

5.

FLASHCARD QUESTION

Front

According to socialists, the solution to poverty and injustice was

Back

shared ownership by the people of the means of production.

Answer explanation

According to socialists, poverty and injustice stem from unequal ownership of resources. They advocate for shared ownership of the means of production, ensuring that wealth and power are distributed more equitably among the people.

6.

FLASHCARD QUESTION

Front

Jeremy Bentham, a Utilitarian (Utilitarian Philosophy) reformer, believed that laws should be judged by their usefulness and benefit to the greatest number of people.

Back

laws should be judged by their usefulness and benefit to the greatest number of people.

Answer explanation

Jeremy Bentham's Utilitarian philosophy emphasizes that laws should be evaluated based on their ability to promote the greatest happiness for the greatest number, making the correct choice about judging laws by their usefulness.

7.

FLASHCARD QUESTION

Front

Karl Marx argued that history was advanced by the conflict between

Back

social classes

Answer explanation

Karl Marx believed that history progresses through the struggle between social classes, particularly the conflict between the bourgeoisie and the proletariat, making 'social classes' the correct answer.

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