Capitalism (Grade 9)
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Capitalism
1.
The term "capitalist" dates to which century?
- 5th
- 11th
- 17th
- 20th
2.
The term "capitalism" was coined by economist Adam Smith.
- True
- False
3.
Items or concepts used to increase one's economic influence are called .
4.
Adam Smith was the author of which work?
- Das Kapital
- Common Sense
- What is Property?
- The Wealth of Nations
5.
Capitalism is believed to have developed in France.
- True
- 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.
- True
- False
9.
What are the tenants of mercantilism?
10.
Colonialism is linked to the development of capitalism.
- True
- False
11.
The Industrial Revolution allowed for a rapid increase in the production of capital.
- True
- False
12.
Keynesian economists argue that a free market needs to be balanced by strong government regulations.
- True
- 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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