Related Issue 2 - Chpt. 5-10

Question 1

Mercantalism

Answer 1

Very old economic system of the bri’ish empire. Colonies import to the Motherland.

Question 2

Adam Smith

Answer 2

The guy who came up with supply/demand

Question 3

Brinkmanship

Answer 3

The policy of using the threat of going to war to prevent a war.

Question 4

Brinkmanship

Answer 4

The policy of using the threat of going to war to prevent a war.

Question 5

Laissez-Faire

Answer 5

Hands off (Capitalism, Market Economy)

Question 6

What is the role of the government?

Answer 6

To protect private property

Question 7

Unions

Answer 7

Allowing workers to join together for better wages and conditions

Question 8

Liberal Democracy

Answer 8

Power is with and shared with the people

Question 9

The Invisible Hand

Answer 9

Allow all citizens to own property for the first will make them work hard for their own needs

Question 10

John Stuart Mills

Answer 10

If I don’t hurt others then I should do it anyway

Question 11

Modern Liberalism

Answer 11

Social Programs and Higer Taxes

Question 12

Welfare State

Answer 12

Many generous social programs

Question 13

Robert Own

Answer 13

Utopian socialist. More wokers work better when they’re treated fairly

Question 14

Communism

Answer 14

All political and economical decisions are made by the gov’t. Freedom will be taken away from the individual

Question 15

Public Ownership

Answer 15

You don’t own that place, the gov’t does

Question 16

Vladimir Lenin

Answer 16

Leader of the Bolsheviks. Red Army.

Question 17

Stalin

Answer 17

Took over Lenin after his death

Question 18

Fascism

Answer 18

Extreme inequality and ultranationalism

Question 19

Adolf Hitler

Answer 19

Nazi Leader