Capitalism Quiz

Capitalism Quiz

University

26 Qs

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Capitalism Quiz

Capitalism Quiz

Assessment

Quiz

Philosophy

University

Practice Problem

Easy

Created by

Mathilde Paciel

Used 1+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the core definition of capitalism?

An economic system based on public ownership and planned economy.

An economic system based on profit and market exchange.

An economic system based on barter and trade.

An economic system based on communal sharing and cooperation.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key characteristic of capitalism?

Public ownership of the means of production.

Market-oriented but with worker-controlled firms.

Private ownership of the means of production.

Emphasis on communal decision-making.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was Hans Fugger?

A merchant who focused on international trade.

A weaver who employed others.

A banker who controlled financial markets.

A philosopher who critiqued capitalism.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant shift in motivation during the Renaissance and Early Capitalism?

From profit-seeking to community support.

From livelihood to active profit-seeking.

From barter to currency-based trade.

From individual to state-controlled enterprises.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key indicator of economic strength in Mercantile Capitalism?

The number of factories.

The amount of gold and silver.

The size of the working class.

The level of government control.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of state welfare capitalism?

Interconnected economies

Government programs to mitigate negative consequences of capitalism

Rise of corporations

Sophisticated banking systems

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of globalized capitalism?

Businesses operating only within national borders

Limited flow of money and goods

Companies sourcing materials/labor globally for cost efficiency

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