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Exam 4: The Nature of Capitalism

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Question 21

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Karl Marx believed that

A) capitalist workers suffer from alienation.
B) capitalism no longer exploits workers.
C) industrialization does away with alienation.
D) workers are alienated from their products, but not from themselves or other people.

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Question 22

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None of the specific measures proposed by Marx and Engels in the Communist Manifesto have been implemented in capitalist countries.

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Question 23

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A basic premise of Adam Smith's invisible hand argument is

According to Marx, when workers are alienated they are not truly free.

The Fugger dynasty was an example of

Implicit in capitalism is the view that human beings aim to maximize their economic self-interest.

According to a socialist, the best economic system would be one where the means of production and distribution are in the hands of the bourgeoisie.

According to Alfie Kohn, competition promotes individual and group achievement better than cooperation.

Companies that in years past were identified with making goods of all sorts now are likely to produce only the package and the label.

The sense of private property that is central to capitalism is the ownership of the means of production and distribution.

As a classical moral justification of capitalism, the natural right to property is a utilitarian justification.

Which of the following historical stages of capitalism came first?

Some critics believe that "competition is not a good" because trying to do well and trying to beat others are two different things.

One reason for believing that in practice capitalism fails to live up to its own ideal of competition is

Worker control socialism is a hybrid economic system with no marketplace and no profits.

How many Americans believe that "if you work hard enough, you'll make it?"

Property ownership involves a generally complex bundle of rights and rules governing how, under what circumstances, and in what ways both the owner and others can use, possess, dispose of, and have access to the thing in question.

For the first time since the Industrial Revolution, less than _____ percent of the American workforce was employed by manufacturing.

Government programs often subsidize American businesses and protect them from competition.

One of the key features of capitalism is