Capitalism: Effects On Society! Trivia Quiz
Capitalism is the type of market in the mordern days. It's basically private ownership of firms, Industries or companies. Most developed countries runs this type of commerce especially in Europe. Great men like Rudolf Hilferding brought about and made prominent the finance Capitalism. The initial usage of the term "capitalism" in its modern sense has been attributed to Louis Blanc. Capitalism was carried across the world by broader processes of globalization. Try this trivia test on Capitalism.
- 1.
Which of these defines Laissez-faire?- A.
Private Corporatism
- B.
Private Transaction
- C.
Government-private Industry
- D.
Government Transaction policy
- 2.
What type of capitalism pertain to a society in which the capitalist model has integrated and developed deeply and extensively?
- A.
Advanced Capitalism
- B.
Extensive Capitalism
- C.
Finance Capitalism
- D.
Mercentilism
- 3.
Which of these is not a characteristics of advanced Capitalism?
- A.
Concentration on Industrial activities
- B.
Use of nominal wage increase
- C.
Constant reliance on the state to stabilise the economic system
- D.
Removal of State involvement
- 4.
Who wrote "Imperialism: the highest stage of capitalism"?
- A.
Thompson Ruiz
- B.
Vladmir Lenin
- C.
Jefferson Courtney
- D.
Bartolomeu Dias
- 5.
What is the difference between free market and social market?
- A.
Level of government intervention
- B.
Private transaction
- C.
One-on-one market
- D.
Privatisation
- 6.
Which of these is a free or mixed market economy characterised by dominance of hierarchical corporation?
- A.
Hierarchical Capitalism
- B.
Advanced Capitalism
- C.
Corporate Capitalism
- D.
Finance Capitalism
- 7.
Which of these helped the spread of capitalism across the world?
- A.
UN Policies
- B.
European acceptance
- C.
Globalisation
- D.
The great depression
- 8.
What is another name for social market?
- A.
People market
- B.
Open market
- C.
Social market
- D.
Rhine market
- 9.
When prices of commodity is determined by the consumers and open market, what is such market called?
- A.
Free market
- B.
General Market
- C.
Public market
- D.
All of the above
- 10.
The article "Climate Change Adapt to Reality"is most consistent with which philosopher?
- A.
Bhudda
- B.
Confucius
- C.
Aristole
- D.
Plato
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