Economics MCQs

Page No. 73

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


a agricultural nations like Cuba

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bless economically developed nations like Russia

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cAsian nations lacking well-developed industrial sectors like China

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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

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b Greed makes the world go around

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ckeeping up with the Joneses leads to success

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dNone of the above

✓


View Answer None of the above

Democratic capitalism means that________________?


a all property belongs to the government

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bthe economy is regulated through legislation and taxation

✓


closers totally destroyed

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

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The fundamental assumption of democratic socialism is that_______________?


aparticipation in political decision making should be extended to religious leaders

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bthe Socialist party must be in command of the economy

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

✓


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

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Democracy is based on_______________?


athe value of the individual

✓


brule by the elite

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c leadership of a charismatic leader

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dideal hopes for a future society

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The dialectic is based on_____________?


a two extreme positions giving rise to a middle position

✓


b polarization forcing societies to split up

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cconflicts between rich and poor countries

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dimperialism being destroyed by capitalism

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Regarding capitalist industrial societies Marx asserted that______________?


athe means of production are controlled by the masses

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breligion and philosophy are the foundations of society

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cproperty is unimportant in the modern state

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d they contained the seeds of their own destruction

✓



Communism emerged as an ideology in reaction to conditions following____________?


a the French Revolution

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b starvation in Ireland

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cthe Industrial Revolution

✓


dthe Protestant Reformation

✖



Fascism_______________?


a distrusts reason

✓


brefuses violence

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cstresses a belief in human equality

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d appeals to intellectuals

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View Answer distrusts reason

A totalitarian regime______________?


a contains secret police

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bcontrols the mass media

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c exhibits a centralized control of the economy

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dall of the above

✓


View Answer all of the above

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