Chapter 12-- Promise & Performance in the Command Economy

Question 1

after this, much of the world’s population came under the dominance of governments that hindered the growth of free markets

Answer 1

Bolshevik Revolution in 1917

Question 2

the promotion of one’s own nation and government regardless of moral considerations

Answer 2

nationalism e

Question 3

an economic system based upon public ownership and governmental control of the production and distribution of nearly all national resources

Answer 3

Communism

Question 4

Father of Communism

Answer 4

Karl Marx

Question 5

published by Marx in which he outlined classic Communist philosophy and described the steps he felt were needed to establish Communism worlwide

Answer 5

The Communist Manifesto

Question 6

formulated the basic ideas of Communism and advocated the overthrow of free market

Answer 6

Karl Marx

Question 7

Marx’s famous book

Answer 7

Das Kapital

Question 8

property owners that needed to be overthrown in order to achieve Communism according to Marx

Answer 8

bourgeois

Question 9

the common working class that that would be strictly ruled by officials who would act on behalf of the people according to Marx

Answer 9

proletariat

Question 10

the perfect society

Answer 10

utopia

Question 11

the professed aim of MArxist economics is

Answer 11

complete equality of condition