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AP Lang Capitalism Philosophy

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

What is capitalism?

a)

A state-controlled economic, political, and social system

b)

There is no economy

c)

An economic, political, and social system where a country's industries and productions are private

d)

None of the above

2.

What type of system is accompanied by a democratic government?

a)

Capitalism

b)

Communism

c)

Feudalism

d)

Hydraulic Despotism

3.

What economic, political, or social system calls for equality in labor and profits?

a)

Capitalism

b)

Communism

c)

Feudalism

d)

None of the above

4.

Who says that the economy works better when it is left alone?

a)

David Hume

b)

Max Horkheimer

c)

Adam Smith

d)

Karl Marx

5.

Who defines capitalist societies as "a social whole constituted by labor that can be rationally organized"?

a)

None of the following

b)

Max Horkheimer

c)

Adam Smith

d)

Karl Marx

6.

This philosopher's main theory is that "social classes are the cause of struggle". They also say that capitalism is a way for the upper class to rob the lower class.

a)

None of the following

b)

Max Horkheimer

c)

Adam Smith

d)

Karl Marx

7.

Who is influential for defining the concepts of capitalism and arguing against mercantilism?

a)

Adam Smith

b)

David Ricardo

c)

David Hume

d)

Alex Horkheimer

8.

Who developed the law of comparative advantage, explaining how trade benefits all parties involved, as long as goods are produced with relative costs?

a)

Adam Smith

b)

David Ricardo

c)

David Hume

d)

Karl Marx

9.

Which of the following is an example of capitalism today?

a)

Amazon

b)

Apple

c)

Microsoft

d)

eBay

10.

Which of the following is a country that follows capitalism?

a)

China

b)

Canada

c)

Vietnam

d)

Russia

11.

Which country has the highest freedom score/capitalism percentage for their economy?

a)

New Zealand

b)

Australia

c)

Switzerland

d)

Singapore

12.

Do you think capitalism brings out the best and worst in people? (no correct choice)

a)

Yes

b)

No

c)

Sometimes

d)

I don't know