Comparative Economies Review

True Free Market economies still exist today.

• True

• False

Iceland, Sweden, and China all have mixed economies.

• True

• False

Karl Marx wrote The Communist Manifesto as

• a direct attack on democracy

• a call to improve market economies

• an anti-tax revolt

• a call to all oppressed workers to free themselves from "capitalistic enslavement"

____ is to take from the wealthy through taxes and “redistribute” among society

• Capitalistic Economy

• Wealth Redistribution

• Command Economy

• Monopoly

Marx focused on 2 groups of people, the ___ and ___.

• Proletariat & Capitalist

• Capitalist & Business Owners

• Proletariat & Proletariat

Laissez-faire and the Invisible Hand were theories of who?

• Karl Marx

• Adam Smith

• Bernie Sanders

Which person is most associated with Socialism?

• Karl Marx

• Adam Smith

• Bernie Sanders

Who co-wrote the Communist Manifesto?

• Karl Marx

• Adam Smith

• Bernie Sanders

An economy regulated by the government.

• Free-Market/Capitalist

• Command

• Mixed

An economy NOT regulated by the government.

• Free-Market/Capitalist

• Command

• Mixed