Bus 309 Wk 5 Quiz 4 Chapter 4,5 - All Possible Questions

BUS 309 WK 5 Quiz 4 Chapter 4,5 - All Possible Questions

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BUS 309 WK 5 Quiz 4 Chapter 4,5 - All Possible Questions

1. What we know as “capitalism” did not fully emerge until
1. The Renaissance
2. The Industrial Revolution
3. The Modern Era
4. The Revolutionary Period

1. Capitalism that is based on mutual dependence between state and commercial interests is known as
1. State welfare capitalism
2. Monopoly capitalism
3. Industrial capitalism
4. Mercantile capitalism

1. The type of capitalism that was ushered in during the Great Depression is
1. State welfare capitalism
2. Monopoly capitalism
3. Industrial capitalism
4. Mercantile capitalism

1. What did Smith think was the regulator that keeps a community activated by self-interest stable?
1. The law
2. Free competition
3. Altruism
4. Personal morality

1. Capital is
1. Money invested for the purpose of making more money
2. The machinery and equipment of a plant
3. Cash held in case of emergency
4. Government backed currency

1. Who is known for developing the concept of the invisible hand?
1. Locke
2. Hume
3. Marx
4. Smith

1. Adam Smith held that humans have a natural propensity to
1. Truck, barter, and exchange
2. To engage in illicit behavior
3. To seek revenge on profit-seekers
4. To try to outsmart each other

1. Unlike other species, we have an almost constant need for
1. Companionship
2. The assistance of others
3. Trading
4. Luxury goods

1. The two types of criticism that capitalism is subject to are
1. Theoretical and moral
2. Theoretical and operational
3. Operational and practical
4. Practical and substantive

1. The theory of capitalism rests on a view of humans as
1. Rational economic creatures
2. Emotional creatures
3. Altruistic creatures
4. Irrational economic creatures

1. Karl Marx argued that...