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Capitalism (Grade 9)

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Capitalism

1. 
The term "capitalist" dates to which century?
  1. 5th
  2. 11th
  3. 17th
  4. 20th
2. 
The term "capitalism" was coined by economist Adam Smith.
  1. True
  2. False
3. 
Items or concepts used to increase one's economic influence are called                     .
4. 
Adam Smith was the author of which work?
  1. Das Kapital
  2. Common Sense
  3. What is Property?
  4. The Wealth of Nations
5. 
Capitalism is believed to have developed in France.
  1. True
  2. False
6. 
What was the first company to have publicly traded shares?



7. 
The system where private entities are able to conduct transactions free from government regulations is called                                 .
8. 
Mercantilist systems developed during the Renaissance.
  1. True
  2. False
9. 
What are the tenants of mercantilism?



10. 
Colonialism is linked to the development of capitalism.
  1. True
  2. False
11. 
The Industrial Revolution allowed for a rapid increase in the production of capital.
  1. True
  2. False
12. 
Keynesian economists argue that a free market needs to be balanced by strong government regulations.
  1. True
  2. False
13. 
Two sellers offering the same product are in                              with each other.
14. 
In a capitalistic system what factors drive up prices?



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