Adam Smith BrainPOP and Capitalism

What theme ties Adam Smith's two major works together?

• Social responsibility

• . Supply and demand

• Individual liberty

• Division of labor

Adam Smith suggested that wealth comes from _____________, not gold or silver.

• inheritence

• labor

• thievery

• faith

Which of the following businesses would a mercantilist government be most likely to support?

• A city-wide chain of grocery stores

• A restaurant with food suppliers from around the world

• A clothing manufacturer with clients in many other nations

• A specialty shop selling goods from neighboring countries

In which image would Adam Smith say wealth is being created?

• a

• b

• c

• d

In “The Wealth of Nations," Adam Smith uses the term “invisible hand" as a(n):

• Punch Line

• Example

• Metaphor

• Theme

In general, Adam Smith viewed government interference in private business with skepticism. Which of the following is an antonym for "skepticism?"

• Alarm

• Uncertainty

• Doubt

• Faith

Mr. Rudolph runs his English class with a laissezfaire attitude. What can you conclude about him as a teacher?

• He doesn't hand out a lot of detentions

• He is very strict

• He likes to give pop quizzes

• He doesn't tolerate any talking out of turn

______________ is the activity of buying and selling, especially on a large scale.​

• Supply

• Demand

• Commerce

• Capitalism

an economic system based on private ownership of resources and production.

• Supply

• Commerce

• Demand

• Capitalism

_________ is the amount of product available. _____________is what people want.

• Supply; Demand

• Demand; Supply