Grade 9: Politics Unit Review

Which economic theorist would be associated with Mixed Markets (Socialism)?

• Adam Smith

• John Keynes

• Karl Marx

Which economic theorist would be associated with Free Markets (capitalism)?

• Adam Smith

• John Keynes

• Karl Marx

Which economic theorist would be associated with planned economy (communism)?

• Adam Smith

• John Keynes

• Karl Marx

Which form of markets would be most associated with the value of collectivism?

• Planned economy (Communism)

• Mixed markets (Socialism)

• Free Market (Capitalism)

Which form of markets would be most associated with the value of individualism?

• Planned economy (Communism)

• Mixed markets (Socialism)

• Free Market (Capitalism)

Which form of markets would be trying to find a midpoint between individualism and collectivism?

• Planned economy (Communism)

• Mixed markets (Socialism)

• Free Market (Capitalism)

Which form of the market was the most closely associated with the Gilded Age in America?

• Planned economy (Communism)

• Mixed markets (Socialism)

• Free Market (Capitalism)

Which of the theorist would support the idea of Lassiez Faire?

• Adam Smith

• Karl Marx

• John Keynes

Progressive Taxation would be supported by which theorist?

• Adam Smith

• Karl Marx

• John Keynes

According to Keynes the role of the government is to _______ the economy