Economics MCQs

Page No. 73

Contrary to Karl Marx,s expectations communist revolutions occurred in_______________?


a agricultural nations like Cuba


bless economically developed nations like Russia


cAsian nations lacking well-developed industrial sectors like China


dall of the above


View Answer all of the above

Why is the private ownership of property deemed beneficial ?


a It is the American way


b Greed makes the world go around


ckeeping up with the Joneses leads to success


dNone of the above


View Answer None of the above

Democratic capitalism means that________________?


a all property belongs to the government


bthe economy is regulated through legislation and taxation


closers totally destroyed


d the individual is free to do anything as long as he/she has money



The fundamental assumption of democratic socialism is that_______________?


aparticipation in political decision making should be extended to religious leaders


bthe Socialist party must be in command of the economy


cparticipation in political decision making should be extended to economic decision making


d it is not necessary for everyone in a society to work



Democracy is based on_______________?


athe value of the individual


brule by the elite


c leadership of a charismatic leader


dideal hopes for a future society



The dialectic is based on_____________?


a two extreme positions giving rise to a middle position


b polarization forcing societies to split up


cconflicts between rich and poor countries


dimperialism being destroyed by capitalism



Regarding capitalist industrial societies Marx asserted that______________?


athe means of production are controlled by the masses


breligion and philosophy are the foundations of society


cproperty is unimportant in the modern state


d they contained the seeds of their own destruction



Communism emerged as an ideology in reaction to conditions following____________?


a the French Revolution


b starvation in Ireland


cthe Industrial Revolution


dthe Protestant Reformation



Fascism_______________?


a distrusts reason


brefuses violence


cstresses a belief in human equality


d appeals to intellectuals


View Answer distrusts reason

A totalitarian regime______________?


a contains secret police


bcontrols the mass media


c exhibits a centralized control of the economy


dall of the above


View Answer all of the above

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