Economics Mcqs
Communism has a history of attracting Third World nations because of the fact that_____________?

A. The ideology is static
B. The ideology changes to suit conditions
C. It has not led to dictatorship
D. It promises to give more power to the masses

In theory communism calls for______________?

A. Abolition of private property
B. Military expansionism
C. The creation of a new ruling class
D. Intense nationalism

The democratic state is based on the social contract theories of Locke and Rousseau These theories maintain that ?

A. People must obey the rulers at all times
B. The rulers govern at the direction of god
C. The people allow themselves to be governed for their own good
D. A society cannot exist without authoritarian rulers

Democratic socialism is an ideology that______________?

A. Preaches hatred of the state
B. Demands total nationalization of the economy
C. Stresses class struggle
D. Seeks to provide essential services to all

The cause of freedom is served according to democratic capitalists when__________________?

A. Everyone has economic security
B. Everyone has the right to hold private property
C. Welfare is eliminated
D. Everyone has the chance to become a millionaire

The difference in the three most prevalent economic systems lies in how ?

A. The people respect the government
B. Much the government interferes in the economy
C. Profits are made
D. Easy it is become rich

The unraveling of soviet communism can be traced to______________?

A. A failure in raised expectations
B. The oppressive role of the communist party
C. The failure of the soviet economy to provide for consumer goods
D. All of the above

Smith wrote that private ownership of the means of production would ?

A. Create abuse
B. Stimulate government control
C. Stimulate economic growth as each individual tried to maximize profits
D. Stifle economic growth as the markets would be flooded with merchandise

The “invisible hand” refers to_______________?

A. A feature of adam smith,s wealth of nations
B. The belief god exhibited by the puritans
C. The fact that prayer results in help
D. A belief in ghosts prevalent in the early middle ages