Quiz on Capitalism wha review

What is capitalism?

• An economic system characterized by innovation and investment to increase wealth

• A religious system based on the worship of money

• A political system that promotes equality and social welfare

• A cultural system that emphasizes collective ownership and control

What is mercantile capitalism?

• An economic system that relies on investment of capital in machines and technology

• A global phenomenon of borrowing money for trade missions

• A system of joint stock companies to finance trade

• A trade network sponsored by Muslim merchants

What is industrial capitalism?

• An economic system that relies on investment of capital in machines and technology

• A cultural system that emphasizes collective ownership and control

• A political system that promotes equality and social welfare

• A trade network sponsored by Muslim merchants

What contributed to the development of industrial capitalism in Britain?

• A decrease in agricultural productivity

• Regulations on the economy imposed by the British crown

• Civil unrest resulting from the English Civil War

• A decrease in population growth

What is enclosure?

• The process of regulating the economy

• The process of increasing population growth

• The process of expanding agricultural productivity

• The process of reclaiming and privatizing fields previously held in common

What did Marx believe was the focus of class struggle?

• The conflict between government and the people

• The conflict between individuals and society

• The conflict between different social classes

• The conflict between workers and capitalists

What did Marx criticize about capitalism?

• It replaces egalitarian collaboration with conflict

• It promotes equality and social welfare

• It encourages collective ownership and control

• It is consistent with human nature

What is one of the key ideas underlying Marx's theory of class struggle?

• Workers are rational actors in markets

• Capitalism is a natural system

• Capitalists own most of the factors of production

• Work gives life material meaning

What is one criticism of socialism?

• It makes fewer pretenses towards being an expression of human nature

• It empowers the working class

• It is inconsistent with human nature

• It promotes equality and social welfare

What has industrial capitalism achieved in terms of material well-being?

• Increased poverty and inequality

• Decreased access to goods and services

• Increased access to goods and services

• Decreased productivity and innovation