This excerpt is from The Wealth of Nations by Adam Smith."It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest."Which statement best explains Smith's point?
  • Businesses acting in their own interests expect something in return for their services.
  • assistance for the poorbetter working conditionsminimum wage laws
  • the type and number of goods produced.
  • Workers should unite in the communist movement.
The following passage is from The Communist Manifesto written by Karl Marx in 1848."Let the ruling classes tremble at a Communist revolution. The proletarians [workers] have nothing to lose but their chains. They have a world to win. Working men of all countries, unite!"Which best explains what Marx hoped to get across?
  • private ownership and free markets
  • Workers should unite in the communist movement.
  • Businesses acting in their own interests expect something in return for their services.
  • assistance for the poorbetter working conditionsminimum wage laws
Karl Marx called for ____________ to control government and develop a classless society.
  • workers
  • assistance for the poorbetter working conditionsminimum wage laws
  • private ownership and free markets
  • communist revolution.
According to Karl Marx, the economic ideas behind socialism would lead to a
  • private ownership and free markets
  • communist revolution.
  • workers
  • assistance for the poorbetter working conditionsminimum wage laws
What two principles form the basis for capitalism?
  • communist revolution.
  • the type and number of goods produced.
  • private ownership and free markets
  • assistance for the poorbetter working conditionsminimum wage laws
The three main ideas behind capitalism as defined by Adam Smith are
  • assistance for the poorbetter working conditionsminimum wage laws
  • competition, self interest, and laissez-faire.
  • the type and number of goods produced.
  • private ownership and free markets
What moderate reforms did European socialists support? Check all that apply.
  • private ownership and free markets
  • assistance for the poorbetter working conditionsminimum wage laws
  • communist revolution.
  • Businesses acting in their own interests expect something in return for their services.
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