Economics (Week 18 Worksheet)

Question 1(1 point)

Capitalism is a political-economic system that allows the freedom of , and to determine the operations of production, commerce, trade, and finance worldwide, under which the role of government is to that protects private property and allows competition.

Question 1 options:

A. Private human creativity/the profit motive/maintain a rule of law

B. Government/government agencies/pass an ordinance system

C. Supply/demand/let other countries pass a body of laws

D. Countries/rulers/increase in a way

E. None of the above

Question 2(1 point)

According to the Index of Economic Freedom, which of the following isnota component of economic freedom?

Question 2 options:

A. Limited government

B. Open markets

C. Tariffs

D. Rule of law

E. Regulatory efficiency

Question 3(1 point)

"Marxism" is often referred to as:

Question 3 options:

A. "Marxism-Gilderism"

B. "Marxism-Proudhonism"

C. "Marxism-Leninism"

D. "Marxism-Stalisnism"

E. "Marxism-Smithism'

Question 4(1 point)

Which of these isnota fundamental component of capitalism?

Question 4 options:

A. Private property

B. Competition

C. Command economy

D. The rule of law

E. None of the above

Question 5(1 point)

Which of these should be themainobjective of governments?

Question 5 options:

A. The common good

B. Peaceful territorial expansion

C. Maximum distributed profits

D. Economic supremacy

E. Defense

Question 6(1 point)

Which of these statements is true?

Question 6 options:

A. Man is not fallen

B. Man is fallen, but he can be perfected through capitalism

C. Man is fallen, but he can be perfected through Marxism

D. Man is fallen

E. None of the above

Question 7(1 point)

InQuadragesimo Anno, what did Pope Pius XI state about "Christian socialism"?

Question 7 options:

A. He said the "Christian socialism" is a contradictory term

B. He didn't mention it at all

C. He said that Christians must be socialists

D. He said that Christians were allowed to be socialists

E. He said Christian socialism was "permissible"

Question 8(1 point)

Who wrote, "No one can be at the same time a good Catholic and a true socialist"?

Question 8 options:

A. Pope Pius V

B. Proudhon

C. Marx

D. Lenin

E. Pope Pius XI

Question 9(1 point)

Which of the following refers to a socialistic state of society in which there is no private property, no family, and no class system?

Question 9 options:

A. Democracy

B. Libertarianism

C. Capitalism

D. Communism

E. Monarchy

Question 10(1 point)

Which of the following rulers were communists?

Question 10 options:

A. Lenin

B. Stalin

C. Mao

D. All of the above

E. None of the above

Question 11(1 point)

Which pope issued the encyclical, "On Atheistic Communism"?

Question 11 options:

A. Pope Saint John Paul II

B. Pope Pius XI

C. Pope Benedict XVI

D. Pope Saint Pius V

E. Pope Saint Pius X

Question 12(1 point)

Judging by his writings, which of the following systems would Pope John Paul II have considered legitimate?

Question 12 options:

A. Capitalism

B. Communism

C. Marxism-Leninism

D. None of the above

E. Socialism

Question 13(1 point)

You could think of anarcho-capitalism as capitalism without:

Question 13 options:

A. Trade

B. Government

C. Property

D. Entrepreneurs

E. Competition

Question 14(1 point)

According to Pope Saint John Paul II, which of the following terms might be more appropriate than capitalism?

Question 14 options:

A. "Business economy"

B. "Market economy"

C. "Free economy"

D. All of the above

E. None of the above

Question 15(1 point)

Which of the following has been officially condemned by the Catholic Church?

Question 15 options:

A. Socialism

B. Marxism

C. Communism

D. All of the above

E. None of the above