Capitalism vs. Marxism Mini Quiz

According to the information provided, how did Adam Smith view capitalism?

• As a system that needed heavy government regulation

• As the most efficient way to organize an economy

• As inherently exploitative of workers

• As a temporary economic phase

What was Marx's primary criticism of capitalism according to the text?

(a)  

• It led to inefficient markets

• It created too much competition

• It allowed the bourgeoisie to exploit the proletar
• It required government intervention

Which term did Marx use to describe the working class?

(a)  

What economic feature did Smith believe made capitalism efficient?

(a)  

• Government control

• Free markets and competition
• Worker ownership

• Centralized planning

According to Marx's view, who were the primary beneficiaries of capitalism?

• The working class

• Government officials

• The wealthy bourgeoisie

• Small business owners