2. Hosted by Type your name here

3. 100 200 400 300 400 Choice1Choice 2Choice 3Choice 4 300 200 400 200 100 500 100

4. Row 1, Col 1 Stalin achieved the ________ of agriculture by combing millions of small, private farms into huge government-controlled farms collectivization

5. 1,2 Capitalism is an economic and political philosophy based on the idea that the benefits of economic activity, namely wealth, should be equally distributed throughout society false

6. 1,3 Entrepreneurs are willing to take risks and push forward with initiative to start a new business True

7. 1,4 The basic resources which are used to make all goods and services are collectively known as the laws of supply and demand false

8. 2,1 A country that operates as a Market Economy provides its citizens with retirement pensions and free or low cost social services, such as medical and dental care false

9. 2,2 In a free enterprise system, individuals are free to start and operate their own businesses, change jobs, and choose what to buy from a variety of goods and services. True

10. 2,3 A proletariat is a device by which several corporations in the same line of business combine to eliminate competition False

11. 2,4 If the expenses of a business are more than the income earned, the business has experienced a(n) _____ loss

12. 3,1 One concern that socialists have about capitalism is that about the distribution of wealth creates_____ It creates inequality within society

13. 3,2 When making decisions an advantage of sole proprietorship is that The owner can make decisions quickly

14. 3,3 Private individuals and companies decide what products to manufacture and what prices to charge for goods and services in a __________ economy Market

15. 3,4 Marx envisioned communism in its final form as a ___________ society. classless

16. 4,1 The government and private enterprise coexist as major participants in a _________ economy mixed

17. 4,2 A single business is a _______ if it has achieved exclusive control over a product or service. Monopoly

18. 4,3 Marx considered factory workers and other members of the _______ to be modern-day serfs. proletariat

19. 4,4 Stalin introduced centralized planning run by a large, governmental agency known as the ________ Gosplan

20. 5,1 Marx advocated the overthrow of the _______ by the workers, whom they oppressed (put down) bourgeoisie

21. 5,2 Collective farms brought together into larger, centralized units were called _______ communes

22. 5,3 Type of system that is supposed to decrease social and economic inequality among individuals socialism

23. 5,4 Marx wrote this document as a call to all held down workers to free themselves from “capitalist enslavement” The Communist Manifesto