Capitalism vs. Communism

Who wrote On the Wealth of Nations?

• Adam Smith

• Karl Marx

• Isaac Newton

• John Locke

Who wrote the Communist Manifesto?

• Isaac Newton

• John Locke

• Adam Smith

• Karl Marx

Which of the following believes in a Market Economy?

• Capitalism

• Socialism

• Communism

• Anarchism

Which of the following believes in a Command Economy?

• Capitalism

• Communism

• Socialism

• Anarchism

Which ideology developed as a response to the abuses of industrialization?

• Mercantilism

• Communism

• Capitalism

According to Communism, what working class group of people is supposed to take control of the major means of production and distribution?

• Proletariat

• Bourgeoisie

• Sans-Culottes

• Girondin

In a Market Economy, what term refers to the "invisible hand" of supply and demand to dictate prices and production?

• Laissez-faire

• Jacobin

• Fraternite-egalite

• Proletariat

What is the economic system in which the means of production are privately owned?

• Capitalism

• Socialism

• Communism

• Feudalism

Potential issues in a completely Capitalist economy could include:

Potential issues in a completely Communist society could include: