Comparing Capitalism, Communism, and Socialism Quiz

Who co-authored The Communist Manifesto with Karl Marx?

• Vladimir Lenin

• Friedrich Engels

• Joseph Stalin

• Leon Trotsky

Which economic theory is based on private ownership of the means of production and individual economic freedom?

• Anarchism

• Capitalism

• Socialism

• Communism

What is the most important principle of communism according to Karl Marx?

• Government control of the economy

• Wealth and income sharing

• Private ownership of property

• Free competition

Which economic theory believes in putting the major means of production in the hands of the people, either directly or through the government?

• Capitalism

• Communism

• Socialism

• Fascism

What is the main goal of socialism?

• To overthrow capitalists violently

• To encourage greed and competition

• To eliminate private property

• To redistribute wealth to make society more fair and just

Which country has a Social Security system and a government-owned postal service despite being a capitalist nation?

• United States

• Russia

• China

• Germany

What did Friedrich Engels observe first-hand in Manchester, England?

• Child labor

• Environmental pollution

• All of the above

• Impoverished and overworked laborers

What did Karl Marx see as an outmoded economic system that exploited workers?

• Communism

• Fascism

• Capitalism

• Socialism

What did Marx and Engels predict would happen to distribute wealth evenly?

• Worldwide popular uprising

• Private ownership of property

• Free competition

• Government control of the economy

What is the basic rule of capitalism according to the text?

• Private ownership of property

• Free competition without interference

• Wealth and income sharing

• Government interference in competition