M.15 L4 Quiz-M

This is a name for a tax that is imposed by governments on goods

• Capitalism
• Tariff
• Economy

The idea that government should not interfere with or regulate industries and businesses (french term)

• oui-oui
• chauffer
• laissez faire

Who wrote a book called "The Wealth of Nations" that is considered the beginning of Capitalism?

• John Smith
• Adam Smith
• David Ricardo

This is an economic system where things are privately owned, money is invested into businesses to make more money

• Capitalism
• Socialism
• Communism

This is a form of government where actions are useful only if they promote the greatest good for the greatest number of people

• Utilitarianism
• Capitalism
• Democracy

This is a type of government where public ownership of the factors of production, with the focus being the welfare of all

• Capitalism
• Socialism
• Utilitarianism

He is considered the "father" of Communism

• Karl Marx
• Adam Smith
• John Stuart Mill

This is an economic system in which private property does not exist, and all goods and services are shared equally without government or class

• Capitalism
• Utopia
• Communism

This is a political philosophy that argues that all forms of government are harmful and should be done away with entirely

• Anarchism
• Utopia
• Utilitarianism

An organization that works for its members interests such as fair wages working conditions benefits and hours

• Union
• Strike
• Ball