What is the economic theory that argues that governments should not interfere with business affairs?
Industrialization Review

Quiz
•
Social Studies
•
10th Grade
•
Medium
Andrea Breal
Used 10+ times
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19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Laissez-faire
Mercantilism
Interventionism
Protectionism
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who was the philosopher who defended laissez-faire economics?
The philosopher who defended laissez-faire economics was Adam Smith.
The philosopher who defended laissez-faire economics was John Locke.
The philosopher who defended laissez-faire economics was Jean-Jacques Rousseau.
The philosopher who defended laissez-faire economics was Karl Marx.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the economic system in which people invest money to make a profit?
The economic system in which people invest money to make a profit is known as capitalism.
The economic system in which resources are equally distributed among all members is known as socialism.
The economic system characterized by state ownership of production means is known as communism.
The economic system based on hereditary rankings and land ownership is known as feudalism.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the belief that businesses should be owned by society as a whole?
Socialism
Capitalism
Feudalism
Individualism
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who was the economic thinker who wrote about a radical form of socialism?
Karl Marx
Friedrich Engels
Adam Smith
John Maynard Keynes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the form of socialism in which all production is owned by the people?
The form of socialism in which all production is owned by the people is known as communism.
The form of socialism in which all production is owned by the people is known as democratic socialism.
The form of socialism in which all production is owned by the people is known as market socialism.
The form of socialism in which all production is owned by the people is known as utopian socialism.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are organized groups of workers that bargain with business owners to get better pay and working conditions called?
Labor Unions
Cooperatives
Guilds
Associations
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