1. Karl Marx said that ____________________. a) whoever controlled a society\'s

Question

1. Karl Marx said that ____________________.

a) whoever controlled a society's capital controlled that society

b) in the long run, capitalism would survive

c) the U.S.S.R's communist system was "state capitalism"

d) capitalists and workers generally had the same economic interests

2. For most economies, the primary source of capital comes from _______________________.

a) gold

b) savings

c) high consumption

d) the government

3. The main reason the American farmer can produce more than the farmer in China is that he ______________.

a) has more land to cultivate

b) has more labor to employ

c) has more capital to use

d) is better trained

4. A potential problem for the United States economy is that __________________.

a) Americans invest too much

b) Americans eat too much

c) Americans don

Explanation / Answer

1. a)whoever controlled a society's capital controlled that society 2. c) high consumptions 3. c) has more capital to use 4. c) Americans don’t save 5. d)began with a collapse of the communist political structure in the late 1990's

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