AP Lang Capitalism Philosophy

What is capitalism?

• A state-controlled economic, political, and social system

• There is no economy

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

• None of the above

What type of system is accompanied by a democratic government?

• Capitalism

• Communism

• Feudalism

• Hydraulic Despotism

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

• Capitalism

• Communism

• Feudalism

• None of the above

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

• David Hume

• Max Horkheimer

• Adam Smith

• Karl Marx

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

• None of the following

• Max Horkheimer

• Adam Smith

• Karl Marx

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.

• None of the following

• Max Horkheimer

• Adam Smith

• Karl Marx

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

• Adam Smith

• David Ricardo

• David Hume

• Alex Horkheimer

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

• Adam Smith

• David Ricardo

• David Hume

• Karl Marx

Which of the following is an example of capitalism today?

• Amazon

• Apple

• Microsoft

• eBay

Which of the following is a country that follows capitalism?

• China

• Canada

• Vietnam

• Russia