3.15 benchmark on Advantages of Capitalism

This is a type of economic system that allows people to own property, have rights and create personal wealth.

• Capitalism

• Communism

• Socialism

• Mixed Economy

This is a type of economic and political system where the government owns all property and where all individuals are expected to work for and obey the government?

• Communism

• Capitalism

• Socialism

• Mercantilism

In the 19th century, this philosopher believed that capitalism was bad and we needed a new economic system, one that placed more power in the hands of workers. His name was?

• Adam Smith

• Karl Marx

• James Madison

• Patrick Henry

Some European countries, like Norway, believe that capitalism, in its most pure form, can create a lot of people who are poor, while a few people are super rich. They see this system as unfair and believe that government should try and put safeguards in place to help protect people from the selfishness of others. They called this system?

• Democratic Socialism

• Communism

• Free Market Capitalism

• An Authoritarian State

So far, in the world today, the only country that is considered to have the most purest form of capitalism is?

• Norway

• Communist China

• Canada

• The United States

This man came up with the idea of capitalism in the 19th century?

• Karl Marx

• John Smith

• Adam Smith

• Karl Jefferson

All of the follow countries in the world today are considered communist nations, except?

• Canada

• Cuba

• North Korea

• China

Countries that believe in democracy, like we do, but also feel that government needs to have some ownership or say in the economy, believe that this type of economic system is best?

• A Mixed Economy

• A Communist Economy

• A Free Market Capitalist Economy

• An Authoritarian Economy

Karl Marx believed that that modern democratic countries favored the rich and the capitalist class over the workers. So, he thought that the workers should have more say. His solution was communism. To get this result he thought that:

• The Owners of Corporations should give workers control over the company they work for.

• Owners of the corporations should give part ownership of the companies to workers.

• Workers needed to violently revolt against the government and owners so that the workers would be in control.

• Workers need to give up and accept that all they are going to get was a wage, even if it was unfair.

Today, the top ten richest countries in the world are?

• Communist Countries

• Mixed Capitalist Countries

• Mercantile Countries

• Free Market Capitalist Countries