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What is Capitalism: Explained

Authored by C.J. Schmidt

Social Studies

12th Grade

15 Questions

Used 5+ times

What is Capitalism: Explained
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1.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

What is the main driving force of the economy under capitalism?

Environmental concerns

Individual self-interest

Social welfare programs

Government intervention

2.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

Who wrote the famous book 'The Wealth of Nations' in 1776, which discussed capitalism?

Adam Smith

Milton Friedman

John Keynes

Karl Marx

3.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

What did Karl Marx argue about capitalism in his book 'Das Kapital'?

It provides individuals with freedom to choose what they produce

It leads to increased wealth and economic growth

It exploits workers and concentrates wealth in the hands of a few capitalists

It promotes innovation and entrepreneurship

4.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

What is one of the pros of capitalism according to its supporters?

It allows for the exploitation of workers

It leads to wealth and income equality

It allocates resources in the most efficient manner possible

It promotes environmental concerns

5.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

What is one of the cons of capitalism according to its opponents?

It can lead to wealth and income inequality

It creates jobs and reduces unemployment

It prioritizes environmental concerns over profits

It ensures economic stability and certainty

6.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

What is the role of the government in a laissez-faire capitalism?

Minimal intervention

Social welfare programs

Heavy regulation

Complete control

7.

MULTIPLE CHOICE QUESTION

1 min • 7 pts

What is the main goal of businesses in a capitalist system?

Social welfare

Environmental sustainability

Pursuit of profit

Government intervention

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