Marx, Smith, Keynes

Who is known as the father of modern socialism and communism, who believed that capitalism should be overthrown through violent revolution?

• Karl Marx

• Adam Smith

• John Maynard Keynes

• F. A. Hayek

How did Karl Marx believe a classless society would be achieved?

• Through the natural evolution of capitalism

• By implementing strict government regulations

• Through a revolution led by the proletariat

• By promoting free trade and globalization

Tags

DOK Level 3: Strategic Thinking

Which of the following best describes Karl Marx's view on society?

• Societies progress through class struggle

• Societies thrive on free trade

• Societies benefit from minimal government intervention

• Societies should focus on individual entrepreneurship

Tags

DOK Level 1: Recall

What are the four stages Karl Marx and Fredrich Engels believed countries developed in?

• Primitive, Superficial, Benefitted, Communism

• Communism, Socialism, Definite, Announced

• Primitive, Capitalism, Socialism, Communism

What is one way in which socialism aims to address economic disparities?

• By promoting free market policies

• Through the collective ownership and democratic control of the means of production

• By encouraging private entrepreneurship as the primary economic driver

• Through deregulation of the economy

Tags

DOK Level 2: Skill/Concept

Keynes argued that recessions are due to a deficiency in:

• Consumption

• Investment

• Consumption and Investment

• Government Spending

Who is known as the father of capitalism?

• Karl Marx

• Adam Smith

• Friedrich Engels

• John Maynard Keynes

Tags

DOK Level 1: Recall

Which group of people supported Marx's criticism of capitalism in the middle to late 19th century?

• American politicians

• European workers and thinkers

• Asian industrialists

• African leaders

___ basically invented modern economics with his book The Wealth of Nations.

• Adam Smith

• Karl Marx

• Frederich Engels

• Gouverneur Morris

Who did Karl Marx believe would be the beneficiaries of socialism?

• property owners

• the government

• workers

• capitalists